Share Market News Mumbai: Initial public offerings (IPO) of two companies Clean Science & Technology and GR Infraprojects will come up this week. Overall, they are expected to raise a little over Rs 2,500 crore. It is believed that these companies will benefit from the Share market, as there is a lot of liquidity there. Along with this, the number of new retail investors has also increased significantly.
Earlier, IPO of five companies – Shyam Metallics & Energy, Sona BLW Precision Forgings (Sona Comstar), Krishna Institute of Medical Sciences, Dodla Dairy and Indian Pesticides had come last month. These companies had collectively raised Rs 9,923 crore through public issue.
The IPOs of both Clean Science and Technology and GR Infraprojects will open on July 7 and close on July 9. Anchor investors will be able to place bids for the shares on July 6. Together, both the companies will raise Rs 2,510 crore from the IPO. The shares of these companies will be listed on BSE and NSE.
The Rs 1,546.62 crore IPO of Clean Science & Technology will be an offer for sale (OFS) entirely on behalf of the existing promoters and other shareholders. The specialty chemicals company has fixed the price range for its IPO at Rs 880-900 per share.
