Clean Science & Technology IPO , Should You Subscribe? Company Details, Financials
Clean Science and Technology Ltd IPO is coming in the form of monsoon. Today we will see how the company is going to be in its listing and also the future and financials.
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Issue Date |
07 Jul 2021 - 09 Jul 2021 |
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Issue Size |
₹1546.62 Cr |
|
Issue Price |
₹880-900 |
|
Market Lot |
16 Shares |
|
GMP |
₹463-468 |
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Listing Date |
19 Jul 2021 |
|
Listing Price |
Expected 1200+ |
|
Listing Gain% |
Expected |
10 Years Journey Video:
Overview of the Company
Clean Science is a company based on special chemicals and its one of the largest speciality chemical company. It is based in pune. It is the world's largest manufacture of speciality chemicals which includes MEHQ,BHA,Anisol and 4-MAP. The speciality about this company is it is manufacturing its products through in house catalytic process which itself is a next generation and futuristic approach. This approach is eco-friendly and also its inexpensive.
Already released for subscription, Investors can bid for the IPO in the price expected band of Rs 880-900 per equity share of face value Rs 1. Clean Sciences’ issue is released for entirely an offer for sale (OFS) by their existing investors. This includes promoters of the company and it does not involve a fresh issue. After the IPO, the promoter and promoter group shareholding will have a drop to 78.51% from its earlier 94.65%.
Also on the other hand, public shareholding will increase to 21.49% which is currently holding up at 5.35%. The subscription window for Investors will remain open till this week end(friday)
Products:
Company Promoters
Ashok Ramnarayan Boob, Krishnakumar Ramnarayan Boob, Siddhartha Ashok Sikchi, and Parth Ashok Maheshwari are the company promoters.
Issue details
Investors can subscribe to the issue in a multiples of 16 shares, which specifies the minimum investment is of Rs 14,400 at the higher end of the price band. This offer includes a total of 1.71 crore equity shares. Among the total issue size, half or 85.92 lakh equity shares which quantifiesto Rs 773 crore are reserved for the QIB i.e qualified institutional buyers. Retail investors quota will be of 35% of the total issue or in terms of amount 60.14 lakh equity shares,which is worth Rs 541 crore. Talking about Non-institutional investors (NII) can bid for 15% of the entire issue or 25.77 lakh equity shares which is of worth Rs 232 crore.
Financials
The Company financial looks strong and promising and not only for the listing gain but overall also the company is going to give you a solid return. The specialty chemical field with eco friendly booster will surely boost the investor wealth in long run.
For 2021, watch here
Clean science and technology competitors
Among the competitors the names are huge but still the company has a decent growth in market
Its total on your research, for me i would give the company thumbs up for listing gain and long run multibagger.
FAQ About Clean Science IPO
When will the Clean Science and Technology Ltd IPO open?
The Clean Science and Technology Ltd IPO will open 07 Jul 2021 till 09 Jul 2021.
What is the listing date of Clean Science and Technology Ltd IPO?
Clean Science and Technology Ltd IPO will be list on 19 Jul 2021.
What is the offer price of Clean Science and Technology Ltd IPO?
The offer price of Clean Science and Technology Ltd IPO is in price band of ₹880-900.
What is the lot size of Clean Science and Technology Ltd IPO?
The lot size of Clean Science and Technology Ltd IPO is a multiple of 16 with max of 200000Rs
What is the Grey Market Premium (GMP) price of Clean Science and Technology Ltd IPO?
The Grey Market Premium (GMP) price of Clean Science and Technology Ltd IPO is good, showing positive listing gaing. It GMP is ₹445-450.
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