GR Infraprojects shares made a blockbuster debut on the bourses. The shares began the day at Rs 1,700, a premium of Rs 863 or 103 per cent, in comparison with the difficulty worth of Rs 837 on the BSE. At 10:40 am, GR Infraprojects shares had been buying and selling at Rs 1,677.75, larger by Rs 847.55 or 100.82 per cent on the BSE and on the NSE, the shares had been buying and selling at Rs 1,679.05, up Rs 842.10 or 100.62 per cent.
GR Infraprojects’ Rs 963 crore preliminary public providing (IPO) was fully an offer-for-sale (OFS) of as much as 1.15 crore shares by the promoter and shareholders, and there was no contemporary ssue of shares.
GR Infraprojects’ preliminary public providing (IPO) had witnessed a robust response, with the difficulty being subscribed a whopping 102.58 occasions. The IPO had acquired over 83.33 crore bids for 81.23 lakh shares on supply. The portion reserved for certified institutional consumers (QIBs) was subscribed 93.18 occasions, non-institutional buyers section was subscribed 73 occasions and particular person retail buyers cvategory was subscribed 4.89 occasions.
GR Infraprojects is within the enterprise of civil building, manufacturing, and growth of roads and highways on a build-operate-transfer (BOT) foundation.
In the meantime, Clear Science and Know-how IPO additionally made a robust debut on the bourses, itemizing at a premium of 98 per cent on the BSE.