GR Infra and Clean Science and Technology list with bumper gains
Two companies listed in the stock market today brought smiles on the faces of investors. Shares of GR Infraprojects and Clean Science & Technology listed with great premium in the market. GR Infraprojects got listed at Rs 1700 against the issue price of Rs 837. Whereas the Clean Science and Technology issue price was listed at Rs 1784 against Rs 900.
GR Infraprojects
Shares of GR Infraprojects got listed on BSE at Rs 1700 with a premium of 103% over its issue price. Whereas on NSE it was listed at Rs 1715.85 with 105% premium. Its issue price was Rs 828-837 per share. Shares are trading at 1703.35 at 11.25 am.
Clean science and technology
Specialty chemicals maker Clean Science & Technology’s shares were listed with a 98% premium. The shares were listed on BSE at Rs 1784 with a premium of 98%. On the other hand, the listing of shares on NSE is done at Rs 1755 with 95% premium. Its issue price was Rs 880-900. The minimum lot size for IPO is 16 shares. Shares were trading at 1604.95 at 11.25 am.
How many subscribed IPOs
The IPO of GR Infraprojects opened on July 7 and closed on July 9. GR Infraprojects had issued a total of 81.23 lakh shares. For which applications were received for 83.33 crore shares. GR Infra’s IPO was full 102 times. The issue size of GR Infra was Rs 963 crore. In this, the share of retail investors was filled 12.57 times, while the share of qualified institutional buyers (QIBs) was filled 168 times.
Investors showed tremendous enthusiasm about Clean Science and Technology’s IPO. The IPO of Rs 1547 crore was subscribed more than 93.41 times. Qualified Institutional Buyers (QIBs) subscribed 156 times and High Net Worth Individuals (HNIs) subscribed 206 times while retail investors subscribed 9 times more.
