There are 2 IPOs are in the line up to hit the market on July 7. As per the experts both the IPO are worth to subscribe. The closing date is July 9. The companies to raise a total of ₹2,500 crore cumulatively via initial public offer. The bidding of Anchor investors will be on 6th July as per the exchanges. Both the companies are going to list on NSE and BSE.
The grey market and experts view is showing more interest in the Clean Science and Technology. As the grey market is active in both the IPOs we can expect the heavy subscription in both. Clean Science has more edge as the grey market surges around 50% while GR Infra predicted 35% listing gain according to the market speculations.
About
Clean
Science
and
Technology
IPO:
The
company
to
raise
around
₹1,546.62
crore
via
Offer
for
Sale.
The
OFS
includes
shares
of
Anantroop
Financial
Advisory
Services,
Ashok
Ramnarayan
Boob,
Krishnakumar
Ramnarayan
Boob,
Siddhartha
Ashok
Sikchi,
and
Parth
Ashok
Maheshwari.
The
company
set
a
price
band
of
₹880-900.
About
GR
Infraprojects
IPO:
The
company
to
raise
around
₹963.28
crore
via
IPO
in
that
OFS
of
1,15,08,704
equity
shares
by
promoter.
The
OFS
include
shares
of
Lokesh
Builders,
Jasamrit
Premises,
Jasamrit
Fashions,
Jasamrit
Creations
Jasamrit
Construction,
and
India
Business
Excellence
Fund.
The
company
set
a
price
band
of
₹828-837.
IPOWatch
View:
According
to
our
experts
the
things
are
looking
much
more
positive
for
both
the
IPOs.
As
we
will
see
the
movement
in
the
grey
market
while
the
subscription
numbers
will
tell
the
right
story
about
the
listing.
We
can
expect
GR
Infra
to
list
with
30-40%
gain
while
Clean
Science
Technology
might
list
with
more
than
50%
listing
gain.
There are five companies who just listed in last few months gave a handsome returns to the investors and the primary market zoomed in last few weeks. We can expect the same thing in the IPOs that mentioned above and the upcoming IPO will surely give a good chance to a small and the short term investors.
