The IPO market has been witnessing a lot of importance in the last few months. Initial public offers of two companies are also coming this week. The initial public offerings of Clean Science & Technology and GR Infraprojects will hit the IPO market this week. Together, these two companies will raise around Rs 2,500 crore through this public offer.
Know when to invest
The IPOs of both Clean Science Technology and GR Infraprojects can be subscribed from July 7. At the same time, the last date to subscribe to them is July 9. On the other hand, Anchor Investors will be able to bid for these companies on July 6. Earlier in June, Shyam Metalics & Energy, Sona BLW Precision Forgings (Sona Comstar), Krishna Institute of Medical Sciences, Dodla Dairy and Indian Pesticides had IPOs. Together these companies had raised Rs 9,923 crore through IPOs.
Know what is the price band
Clean Science Technology has fixed a price band of Rs 880-900 per share for this IPO. On the other hand, GR Infraprojects has set a price band of Rs 828-837 per share for this IPO. The company can raise Rs 963.28 crore from this IPO through the upper price band. The listing of shares of these two companies will be done on both BSE and NSE.
Clean Science Technology will raise Rs 1,546.62 crore through this IPO. Under this IPO, the company will be an offer for sale on behalf of the existing promoters and other shareholders.
Know the fundamentals
Clean Science Technology was established in the year 2003. It is a specialty chemical manufacturing company. The company is known for making innovative products. The company is primarily known for its clean and eco-friendly manufacturing process. According to the information given on the company’s website, Clean Science Technology exports its products to big companies of many countries. GR Infraprojects is an integrated road engineering, procurement and construction company. According to various brokerages, the fundamentals of both these companies are very strong.