Clean Science, GR Infraprojects IPO Subscription Updates: Day 1

Stock figures on a screen. (Photographer: Kiyoshi Ota/Bloomberg)

Clean Science, GR Infraprojects IPO Subscription Updates: Day 1

The initial public offers of Clean Science & Technology Ltd. and GR Infraprojects Ltd. fully subscribed on the first day of subscription, led by demand from retail investors.

The three-day maiden offers, closing on July 9, comprise offers for sale by promoters. While Clean Science is selling shares at Rs 880-900 to raise Rs 1,546.62 crore, GR Infraprojects has set the price band at Rs 828-837 aiming to garner Rs 964.4 crore.

Also read: Clean Science & Technology IPO: All You Need To Know

Clean Science & Technology: Subscription Details

The IPO was subscribed 1.74 times as of 5 p.m. on July 7.

  • Institutional investors: 0.01

  • Non-institutional investors: 2.19 times

  • Retail investors: 2.54 times

GR Infraprojects: Subscription Details

The IPO was subscribed 2.34 times as of 5 p.m. on July 7.

  • Institutional investors: 0.49 times

  • Non-institutional investors: 2.68 times

  • Retail investors: 3.25 times

Also read: GR Infraprojects IPO: What You Need To Know

The company has raised Rs 283.20 crore from 22 anchor investors prior to the IPO.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.