GR Infrastructure and Clean Science list at hefty premiums

The Udaipur based infrastructure company, G R Infrastructure IPO, listed on the NSE and the BSE on Monday, 19 July. Against the discovered IPO price of Rs.837, GR Infra listed at Rs.1,700 on the BSE and Rs.1,715.85 on NSE. On the NSE, GR Infra closed Day-1 at Rs.1,737.95, a premium of 107.64% over issue price. On the BSE, the stock closed at Rs.1,746.80. The IPO of GR Infrastructure had been subscribed 102.58 times overall.

On Day-1, GR Infrastructure touched a high of Rs.1,838 on the NSE and a low of Rs.1,550. GR Infra traded a total of 1.40 crore shares on NSE and 7.68 lakh shares on the BSE. At the close of Day-1 of listing, GR Infrastructure had a market capitalization of Rs.16,890 crore with a free-float market cap of just about Rs.1,351 crore.

The second big listing on Monday, 19 July, was Pune-based specialty chemicals company, Clean Science and Technology. Against the discovered IPO price of Rs.900, Clean Science IPO listed at Rs.1,784.40 on the BSE and Rs.1,755 on NSE. On the NSE, Clean Science came under pressure and closed at Rs.1,583, still a premium of 75.89% over the issue price. On the BSE, the stock closed at Rs.1,585.20. The IPO of GR Infrastructure had been subscribed 93.41 times overall.

On Day-1 of listing, Clean Science touched a high of Rs.1,852 on the NSE and a low of Rs.1,555. Clean Science traded a total of 1.36 crore shares on NSE and 10.87 lakh shares on the BSE. At the close of Day-1 of listing, Clean Science had market capitalization of Rs.16,838 crore with a free-float market cap of just about Rs.1,852 crore.