IPO of GR Infra and Clean Science will be closed today, investors are taking hands

Pankaj Prasad
Pankaj Prasad 09/07/2021 10:48 IST
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 IPO news, Stock Market, initial public offering, Clean Science and Technology Ltd, specialty chemicals, GR Infra, Rakesh jhunjhunwala IPO news, Clean Science and Technology news, Clean Science and Technology IPO

Similarly, investors are taking the IPO of GR infraprojects in their hands. He was applied more than 5 times on the second day.

Clean Science and Technology's IPO has received 4.28 times more subscriptions so far. Similarly, investors are taking the IPO of GR Infra projects into their hands. He was applied more than 5 times on the second day. Today is the last day of the IPO Subscription of these two companies. The offer will close today evening.

Clean Science and Technology's IPO

As against 1,23,02,672 shares offered for sale under the company's IPO, applications have been received for 5,26,95,440 shares. According to the data available with the stock exchanges, 2.12 times more applications were received in the Qualified Institutional Buyer (QIB) category, 4.51 times more in the non-institutional investor category and 5.43 times for the retail investor (RII). Under the three-day IPO, the price has been kept at Rs 880-900 per share.

what does the company do

The Rs 1,546.62 crore IPO comprises an offer for sale (OFS) by the existing promoter and other shareholders. The company had raised Rs 464 crore from anchor investors on Tuesday. This Pune-based company manufactures important specialty chemicals like Performance Chemicals, FMCG Chemicals.

GR Infraprojects IPO

The price filed for GR Infraprojects IPO for a total of 1,15,08,704 equity shares was fixed at Rs 828 to Rs 837 per share. At the upper level of the price range, Rs 963.28 crore can be raised from the IPO. This Public Offer is in the form of Offer for Sale (OFS) only. The company will not get any money from this. GR Infraprojects on Tuesday said it has raised over Rs 283 crore from anchor investors. The shares of the company will be listed on BSE and NSE.

Five companies brought IPO in June

Five companies have come out with IPOs in June. These included Shyam Metallics & Energy, Sona BLW Precision Forgings (Sona Comstar), Krishna Institute of Medical Sciences, Dodla Dairy, and Indian Pesticides. These companies had collectively raised Rs 9,923 crore through public issues.

Category: Business

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