Long term investors may book partial profits and hold the balance in their portfolios as it provides exposure to an EPC firm with strong fundamentals
Udaipur-based infrastructure developer GR Infraprojects got listed at Rs 1,715.85, marking a premium of 105% on the NSE
The company's IPO received bids for 83,33,04,538 shares against 81,23,594 shares on offer, as per data available with the BSE
July is likely to witness the launch as many as eleven IPOs that aim to raise around Rs 24,000 crore
Most brokerages have a subscribe rating on the IPO given its attractive valuations. In the grey market, it is quoting a premium of Rs 425 or 51%
Companies are expecting to benefit from an equity market, which is swarmed with liquidity and a sharp increase in the number of new retail investors
The month of July alone could see a dozen of IPOs hitting the street to raise over Rs 12,000 crore