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IPO watch: G R Infraprojects subscribed 2.3 times, Clean Science by 1.7x

NMDC OFS retail book undersubscribed, mops up just 76%

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GR Infra is an integrated road engineering, procurement and construction company. Illustration by Binay Sinha

BS Reporter Mumbai
The IPO of G R Infraprojects garnered 2.3 times subscription on the first day, with the retail investor portion getting subscribed 3.3 times. GR Infra is an integrated road engineering, procurement and construction company. The company’s IPO comprises secondary share sale worth Rs 962 crore. GR Infra has allotted shares worth Rs 283 crore to anchor investors ahead of its IPO. The price band for the IPO is Rs 828 to Rs 837 per share. at the top-end the company will have a market cap of Rs 8,093 crore.

Clean Science IPO subscribed 1.7 times

The IPO of Clean Science

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