Clean Science IPO: Opens July 7, Check Issue Price, Other Details

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
Retail Portion:	35%
Minimum Amount:	₹14,400
Maximum Amount:	₹187,200

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

Pre Issue

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.