Clean Science and Technology kept an IPO and we updated you regarding the same in one of our previous posts. Now that the IPO is over, we shall know about the events that took place. After the listing at BSE and NSE, the IPO reached a Clean Science and Technology Subscription Status. With the help of this post, we shall tell you about the Clean Science Subscription Status, Share, and the Clean Science Share Allotment Status.
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- 1 Clean Science Subscription Status
- 2 Clean Science Allotment Status Check
Clean Science Subscription Status
When Clean Science decided on the IPO, it had reserved around Rs. 1,546 Crore for the Offering. Data shows that on the third day (final day) of the offering the IPO has been subscribed 93.41 times. Clean Science and Technology is a Pune-based chemical manufacturer. On the second day, 4.28 times subscriptions of the IPO were observed. In the part that the officials had reserved for retail investors, the IPO had nine times more subscriptions. For the Non-Institutional Investors (NIIs), the IPO observed 206.43 times of subscriptions. On the other hand, for Qualified Institutional Buyers, the Clean Science and Technology Subscription Status is 156.37 times. In the period of three days, from 7th July to 9th July, the IPO was open for the investors. The price band was at Rs. 880 to Rs. 900 per equity share of primary market sale.
The issue was an offer for sale and therefore, the company didn’t receive any funds from the public. The price band higher end of the IPO is at 48.2 times P/E ratio for FY21 EPS. However, this is comparatively lower to Fine Organics (76 times) and Vinati Organics (68 times). In 2019, the global market of chemicals was at $4,738 billion. Here, China stood at 40% share. Now, the global market will grow at 6.2% CAGR by 2025. Thus, by 2025, it would have reached $ 6,785, showing a visible growth in Clean Science and Technology. SEBI Advisor in a report said that the issue had factors like healthy margins, good growth visibility, reasonable valuations, and diversified business. Talking about Clean Science, it is a company that focuses on the development of newer technologies that are cost-competitive and eco-friendly. Also, the company uses in-house catalytic processes.
Clean Science Allotment Status Check
The products of the company go to other countries also because of the eco-friendly processes it uses. Manufacturers in the company understand market demands and put in innovative development and dedicated research. Furthermore, the company deals in preparing sustainable solutions that are innovative, based on catalytic chemistries. Currently, the company has three manufacturing facilities at Kurkumbh. With the products, the company fulfills the international and local needs of the market and people.
Subscription Status of Clean Science and Technology
Talking about the bids for Clean Science and Technology IPO, it earned over 114.92 Crore shares against the size of 1.23 crore. This came from the BSE data. Now that we have provided you the details related to the Clean Science Subscription Status, share, and the Clean Science Share Allotment Date, we would like to represent them in a tabular form so that you have a quick look at it.
|Company||Clean Science and Technology|
|Issue Release||7th July 2021|
|Issue Close||9th July 2021|
|Price||Rs. 880 to Rs. 900|
|Subscription Status||8.98 Times in Retail Investor|
|Clean Science Allotment Status Check||Updating|
|Clean Science Share Allotment Date||27th July 2021|
|Listing||BSE and NSE|
|Category||Clean Science Allotment Status Check|
|Qualified Institutional||156.37 times|
|Retail Individual||9 times|
|7th July 2021 5:00 p.m.||0.01 times||2.15 times||2.48 times||1.70 times|
|8th July 2021 7:00 p.m.||2.12 times||4.51 times||5.43 times||4.28 times|
|9th July 2021 5:00 p.m.||156.37 times||206.43 times||9.00 times||93.41 times|
|Clean Science Subscription Status||Available Here|
|Clean Science And Technology Share Allotment Date||Check Here|
Clean Science Technology Subscription Status FAQs
Clean Science and Technology made a Clean Science and Technology Subscription Status is 93.41 on 9th July 2021.
An investor can do so with the help of a bank (ASBA) or as a broker (UPI). But, one thing to remember is that these shares were online only.
The initiation of refunds date for Clean Science IPO is 15th July 2021.