GR Infraprojects IPO: Here's all you need to know about the issue

Rajasthan-based GR Infraprojects Limited’s (GRIL’s) three-day initial public offer (IPO) opened on Wednesday with a price band of Rs 828-837 per share. At the higher end of the band, the roads and highways construction major aims to mop up Rs 962 crore via offer for sale.
 

A day ahead of the IPO, the company allocated 3.38 million shares at Rs 837 per share to 22 anchor investors and successfully raised Rs 283.3 crore. 
 

Of these, eight were Foreign Portfolio Investors (FPIs), including Small Cap World Fund, ADIA, and Blackrock, and 14 were domestic investors such as ICICI Prudential Asset Management,