G R Infraprojects Ltd. makes a strong debut on the bourses with scrip got listed at Rs 1,700.00 on the Bombay Stock Exchange, a 103.10 per cent premium to its issue price of Rs 837.00. On the National Stock Exchange, the stock was listed at Rs 1,715.85.

The company, which raised 1.15 Cr from initial public offering, was subscribed 72.26 times, receiving bids for 8,316.19 lakhs shares against the total issue size of 115.09 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Jul 07 to Jul 09.

Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.

The company anticipates using the proceeds of the issue for (i) Pradeep Kumar Agarwal shall bear such percentage of the expenses as is the proportion of his contribution to the Offered Shares; and(ii) India Business Excellence Fund and India Business Excellence Fund I shall bear all expenses other than the portion mentioned in point (i) above in the proportion to their respective contribution to the aggregate of the Equity Shares being offered by themThe expenses incurred in relation to the Offer will be borne in accordance with the arrangement above, both in the event of successful completion of the Offer, or in the event that the Offer is withdrawn or not completed for any reason whatsoever.

HDFC Bank Limited,Kotak Mahindra Capital Company Ltd.,Equirus Capital Private Limited,Motilal Oswal Investment Advisors Limited,SBI Capital Markets Limited,ICICI Securities Ltd as lead managers & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 53,140.06, down 18.79 points, or 0.03 per cent.