InvestorQ : How was the market response to the IPOs of GR Infraprojects and Clean Science and Technologies, which closed on Friday 09 July?
shrinidhi Rajan made post

How was the market response to the IPOs of GR Infraprojects and Clean Science and Technologies, which closed on Friday 09 July?

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5 months ago
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Both the IPOs got tremendous response in the markets. Let us look at GR Infraprojects IPO first. The overall subscription for the IPO of GR Infra was 102.50 times. There was heavy bidding across all investor categories. The retail portion got subscribed 12.57 times, while the QIB portion got subscribed 168.58 times while the non-institutional investor category or the HNI category, as it is popularly known, was subscribed 238.04 times.

While the subscription of the Rs.963 crore GR Infra IPO was impress, the other IPO of Clean Science and Technology of Rs.1,546 crore was also quite impressive. The Clean Science IPO received bids for 1,150 crore shares against the offer size of just 12.3 crore shares translating into an oversubscription of around 93.50 times. The QIB portion was heavily subscribed at nearly 160 times in the IPO. Clean Science is a specialty chemicals company.

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