GR Infraprojects bought shares within the worth band of Rs 828 to 837 per share within the IPO.
GR Infraprojects share sale by way of preliminary public providing (IPO) witnessed sturdy response through the three-day share sale which ended in the present day. GR Infraprojects’ Rs 963 crore IPO was subscribed a whopping 102.58 occasions, information from the National Stock Exchange confirmed. GR Infraprojects obtained over 83.33 crore bids for 81.23 lakh shares on the supply. A complete of three.92 crore bids have been obtained on the cut-off worth by the tip of the bidding course of in the present day, NSE information confirmed.
GR Infraprojects’ IPO was in excessive demand throughout classes of traders however institutional traders confirmed eager curiosity within the problem. According to NSE bid particulars information, the portion reserved for certified institutional consumers (QIBs) was subscribed 93.18 occasions off which overseas institutional traders made bids for 12.56 crore shares in comparison with 22.56 lakh shares reserved for all QIBs. Domestic monetary institutional made bids for two.11 crore shares and mutual funds made bids for 3.55 crore shares.Â
Portion reserved for non-institutional traders was subscribed 73 occasions and portion reserved for particular person retail traders was subscribed 4.89 occasions, NSE information shoed.
GR Infraprojects bought shares within the worth band of Rs 828 to 837 per share within the IPO with an purpose to lift Rs 936 crore. GR Infraprojects is an built-in highway engineering, procurement, and building firm with expertise in designing and building actions and highway/freeway initiatives.
GR Infraprojects IPO was a suggestion on the market whereby present traders bought some stake within the firm. The IPO was the twenty third IPO to hit capital markets this 12 months.
In one other IPO which closed in the present day, Clean Science Technology IPO was subscribed 93 occasions.
