The initial public offering (IPOs) of two companies – Clean Science & Technology and GR InfraProjects – are coming up this week. All these combined amount to Rs 2,500 crore. It is believed that these companies benefit from the stock market as there is plenty of liquidity. With this, there has been a significant increase in the number of new retail investors.
Earlier last month, the IPOs of Shyam Metallics & Energy, Sona BLW Precision Forgings (Sona Comstar), Krishna Institute of Medical Sciences, Dodla Dairy and Indian Pesticides came up. These companies made a total of Rs 9,923 crore through public issue.
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IPOs of Clean Science & Technology and GR Infrastructure will open on July 7 and close on July 9. Anchor investors will be able to bid for the shares on July 6th. Together, the dual companies raised Rs 2,510 crore from the IPO. Shares of these companies will be listed on BSE and NSE.
1,546.62 crore for Clean Science & Technology. The IPO is solely a contribution to the sale (OFS) on behalf of existing promoters and other shareholders. Specialty Chemicals Company pays Rs 880-900 per share for its IPO. The public issue of GR Infra Projects is an OFS of 1,15,08,704 equity shares. The offer will also have a reserved portion for employees. The company has set a price of Rs 828 to Rs 837 per IPO. At the top of the price range, the IPO stands at Rs 963.28 crore.
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