The list of GR Infra Projects and Clean Science & Technology was a big hit on the stock market. While Clean Science is listed at a 95 per cent premium to Rs 1755, GR Infra is priced at Rs 1715 at 105% premium. Let us tell you that the GRO InfraProject IPO of Rs 963 crores sold between July 7th and 9th for Rs 828-837 per share. Episode 102.6 times subscribed. At 10.50 am, shares of GR InfraProject were trading at Rs.
Shares of Clean Science are listed at Rs 1784 with a 98 per cent premium on BSE and the issue price of the company is Rs 900. At the same time, Clean Science, which makes specialty chemicals, is trading at a 95 per cent premium on the NSE at Rs 1755. Let’s say that at 10.31 am on Monday morning, it was trading at Rs 1615.20, which is 79.80% above its delivery price, i.e. Rs 708.10.
The Clean Science IPO opened on July 7 and closed on July 9. This company has subscribed 93.41 times. Although the issue was reserved only 9 times in the retail segment, there was strong demand from qualified institutional and non-institutional investors.
Regarding GR Infra Projects, experts said this IPO assessment is quite attractive. The financing of GR Infra Projects is strong enough. Its return on equity is very good and the company has very little debt.
Moreover, the management of the company is very strong. The company does business in different countries of the world, its order book is very good. In addition, the company has a good track record of completing projects within the stipulated time.
