Clean Science, GR Infraprojects make bumper listing on debut; 90% to 100% GAINS! Anil Singhvi says this about both companies

Both Clean Science and Technology, and GR Infraprojects begin their stock market journey today with bumper listings on bourses, above Zee Business Managing Editor Anil Singhvi’s expectations.

Clean Science got listed around 90 per cent higher on both BSE and NSE to Rs 1711 per share and 1704.15 per share respectively, while GR Infraprojects jumped over 100 per cent on both BSE and NSE to 1710.15 per share and 1702.05 per share respectively. 

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Clean Science shares made a high of Rs 1784 per share, while GR Infra touched 1734.6 per share a life high.

Mentioning that both companies have a strong business outlook and track record, Singhvi has expected that Clean Science would list around 1450-1500 per share and GR Infraprojects would list on Rs 1350-1400 per share levels on Monday.

GR Infra और Clean Science की दमदार लिस्टिंग...

GR इंफ्रा इश्यू प्राइस ₹837 के मुकाबले NSE पर ₹1715 और BSE पर ₹1700 पर लिस्ट

क्लीन साइंस एंड टेक्नोलॉजी इश्यू प्राइस ₹900 के मुकाबले NSE पर ₹1755 और BSE पर ₹1784 पर लिस्ट#GRInfra #CleanScience #NewListing @AnilSinghvi_ pic.twitter.com/q6zeaVblnE

— Zee Business (@ZeeBusiness) July 19, 2021

The IPO of Clean Science and GR Infra was launched on July 7 and closed on July 9, 2021. The former was subscribed over 93 times and the latter for over 102 times in three days.

The managing editor had high hopes from both the companies’ IPO, which was delivered on listing day, he had suggested long-term investors to Hold the stock and forget about it for bumper earnings.

The issue size of Clean Science was around Rs 1546 crore with a price range of Rs 880-900 per share, and GR Infra’s issue size was Rs 963 crore with a price range of Rs 828-837 per share.

Naturally, quite a few people must have received the allotment and if you are one of them, then the listing would create a cushion for your capital, and the loss will be almost negligible, says Singhvi.