NEW DELHI: Two entities namely ‘Clean Science and Technology’ and ‘GR Infraprojects’ are headed to the capital market with their initial public offer (IPO) next week. The two firms will together garner a total of Rs 2,510 crore through IPOs. Shares of the companies will be listed on the BSE and the NSE.
The three-day IPOs of Clean Science and Technology and GR Infraprojects will open for public subscription on July 7 and conclude on July 9. The bidding for anchor investors will open on July 6, data with exchanges showed. The companies are expecting to benefit from an equity market, which is swarmed with liquidity and a sharp increase in the number of new retail investors. This comes after five companies Shyam Metalics and Energy, Sona BLW Precision Forgings (Sona Comstar), Krishna Institute of Medical Sciences, Dodla Dairy and Indian Pesticides launched their initial public offers (IPOs) last month. These firms collectively raised Rs 9,923 crore through public issues.
Clean Science and Technology's Rs 1,546.62-crore IPO is entirely an offer for sale (OFS) by existing promoters and other shareholders.
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