First trading session, listing day update: Clean Science share price declines 11%, GR Infrprojects share price jumps near 3%

On the first day of their listing, the two companies Clean Science and Technology and GR Infraprojects shares saw volatile sessions, with the former closed by over 11 per cent lower to Rs 1585 per share and the latter ending around 3 per cent higher to Rs 1746.8 per share on the BSE today.

Both the companies, early morning today had bumper listings with Clean Science surging over 90 per cent and GR Infra by over 100 per cent. The former created a new life high of Rs 1784.4 per share, while the latter touched Rs 1838 apiece as life high levels on debut today.

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Clean Science registered Rs 1555 per share as the all-time low, while GR Infra also slipped to Rs 1550 per share as its life low level, amid profit booking of listing gains on debut today.

The two companies listing were above, Zee Business Managing Editor Anil Singhvi’s expectations, the market guru had expected that Clean Science would list around Rs 1450-1500 per share levels and GR Infra around 1350-1400 per share levels today, before their listing on exchanges.

Singhvi mentioned that both companies have a strong business outlook and track record, suggesting further, that long-term investors should Hold the stock and keep it in the portfolio for bumper returns ahead.

The initial public offer for 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 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.

Both the companies registered a market capitalisation of around Rs 17000 crore on the first day of its listing on Monday, as per the data available on the BSE.