Clean Science and Technology IPO, GR Infraprojects Limited IPO subscription status so far - Know all details here

The initial public offer of Clean Science and Technology Limited and GR Infraprojects Limited were subscribed 4.28 and 5.75 times respectively on the second day of subscription on Thursday.

Both the IPOs are entirely an offer for sale (OFS) by existing promoters and other shareholders: PTI

The initial public offer of Clean Science and Technology Limited and GR Infraprojects Limited were subscribed 4.28 and 5.75 times respectively on the second day of subscription on Thursday.

The Clean Science IPO received bids for 5,26,95,440 shares against 1,23,02,672 shares, while GR Infraporjects got bids for 4,67,44,067 shares versus 81,23,594 shares on offer, as per the NSE data.

For Clean Science, Qualified Institutional Buyers(QIBs) part was subscribed 2.12 times, non-institutional investors portion 4.51 times, and those meant for retail individual investors (RIIs) 5.43 times, according to the exchange data.

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Similarly, the category for Qualified Institutional Buyers (QIBs) was subscribed 2.79 times, non-institutional investors 6.31 times and retail individual investors (RIIs) 7.50 times for GR Infra IPO.

Both the IPOs of Clean Science and GR Infraprojects are entirely an offer for sale (OFS) by existing promoters and other shareholders.

The three-day (July 7-9) IPO of Pune-based Clean Science and Udaipur-based GR Infraprojects is priced in a range of Rs 880-900 per share and Rs 828-837 apiece, respectively.

The issue size for Clean Science is at Rs 1,546.62 crore, while it is Rs 963.28 crore for GR Infraprojects' initial public offering (IPO). The former has raised Rs 464 crore and the latter has mobilised a little over Rs 283 crore from anchor investors on Tuesday.

The Pune-based Clean Science manufactures functionally critical speciality chemicals such as performance chemicals, pharmaceutical intermediates, and FMCG chemicals.

On the other hand, GR Infraprojects is a Udaipur-based company, which is a leading integrated road engineering, procurement, and construction (EPC) company with experience in the construction and design of various road and highway projects across 15 states in India

Clean Science IPO is being managed by Kotak Mahindra Capital Company Limited, Axis Capital Limited, and JM Financial Limited.

And, HDFC Bank, ICICI Securities, Kotak Mahindra Capital, Motilal Oswal Investment Advisors, SBI Capital Markets, Equirus Capital Pvt Ltd are the managers to the GR Infraprojects offer.

The equity shares of both the companies will be listed on NSE and BSE.

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