Clean Science and Technology Limited is planning an initial public offering (IPO). The public offering includes a sale of equity shares worth Rs. 1,400 crores from promoters and other shareholders. Clean Science and Technology, a specialty chemical business, is trading at a whopping 50 percent premium in the grey market ahead of its initial public offering (IPO).
Clean Science and Technology Limited produces functionally essential specialty chemicals such as Performance Chemicals, Pharmaceutical Intermediates, and Food and Beverage Chemicals.
The Clean Science Technology IPO will begin trading on July 7, 2021, and end on July 9, 2021. The company plans to generate $1400 million through an initial public offering. They are a global leader in the production of specific chemicals.
The price range has been set at $880-900. The Clean Science Technology Initial Public Offering (IPO) will be listed on the NSE and BSE.
Clean Science Technology IPO Date & Price Band
|IPO Open date||07 July 2021|
|IPO Close Date||09 July 2021|
|IPO Size:||Approx ₹1547 Crores|
|Offer for Sale:||Approx ₹1547 Crores|
|Face Value:||₹1 Per Equity Share|
|Price Band:||₹880 to ₹900 Per Share|
Clean Science IPO dates
|Basis of Allotment:||14 July 2021|
|Refunds:||15 July 2021|
|Credit to Demat Account:||16 July 2021|
|Listing Date:||19 July 2021|
The company's promoters own 29.78 percent of the stock before it is issued. Promoters Ashok Ramnarayan Boob, Krishnakumar Ramnarayan Boob, Siddhartha Ashok Sikchi, and Parth Ashok Maheshwari would each reduce their stake by 2.01%. Pre-issue, the promoter group controls a 64.88 percent ownership, which will be reduced by more than 6%. Clean Sciences' promoters and promoter group own a 94.65% share in the company prior to its IPO.