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Which IPO to Apply? GR Infra & Clean Science to hit market on 7 July

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 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.

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