Clean Science and Technology and GR Infraprojects will be launching their share-sale offerings next week in order to raise a little more than Rs 2,500 crore. Image: ShutterstockLive bseVolume Todays Volume Todays L/HChoice Equity Broking IPO Report on G R InfraprojectsG R Infraprojects Ltd., an EPC-focused player, plans to raise Rs. An IPO will raise 963cr, opening on 7 July. Closes on 9th July. 2021 The price range is Rs. 828 - 837 a share This issue is OFS only. The company will not be able to receive any proceeds. One of the investors, i.e. India Business Excellence Fund (a private equity firm from Motilal Obswal) has sold its 9.9% stake via the OFS route.Outlook and ValuationWe assign the issue a Subscribe for Long-Term rating due to concerns about the sustainability of EPC profitability in near future.Click here to see all IPO storiesDisclaimer: Investment experts/broking houses/rating agents on moneycontrol.com may express opinions and offer investment tips. These views are not the opinions of the website. Moneycontrol.com recommends that users consult certified experts before making any investment decisions.Continue reading
