Clean Science and GR Infraprojects IPO GMP and allotment date
Bidding for GR Infrastructure Projects and Clean Science IPOs ended on 9th July 2021. Both the issues received massive response. GR Infrastructure Projects IPO got subscribed 102.58 times while Clean Science IPO has been subscribed 93.41 times. This has resulted in a high GMP for both the IPOs.
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“Rise in GMP is an unofficial short-term sentiment about the IPO listing. In simple terms, an IPO’s GMP is an unofficial expectation of the market about the listing gains on the date of share price listing. But, as I said, it is unofficial, non-regulated and it involved those people too, who have high stake in the success or failure of the IPO. So, it’s financials that matter the most.” – Avinash Gorakshkar, Head of Research at Profitmart Securities
Clean Science GMP and expected listing price
Clean Science IPO GMP today is ₹495 to ₹510. This means near 55 per cent listing gains expectations by the grey market players. The Clean Science IPO expected listing price is in the range of ₹1,395 to ₹1,410. This is as per today’s GMP.
GR Infraprojects GMP and expected listing price
GR Infraprojects IPO GMP today is ₹458 to ₹463. This means near 55 per cent listing gains expectations by the grey market players. The GR Infraprojects IPO expected listing price is in the range of ₹828 to ₹837. This is as per today’s GMP.
The Clean Science and GR Infraprojects IPOs are expected to be allocated on the 14th of July. Also read Learn how the IPO allotment is done
It is advised to hold the shares for 2-3 days post listing. Both FIIs and mutual fund houses are expected to chip in post-listing in both the stocks, and this could further drive up stock prices.
You can check upcoming IPOs here