Financial News

Clean Sciences and Technology Rs 1,546 crore IPO opens next week; check issue price, other details

Products You May Like

ipoClear Sciences and Know-how’s Rs 1,546 crore preliminary public providing (IPO) will open for subscription subsequent week.

Clear Sciences and Know-how’s Rs 1,546 crore preliminary public providing (IPO) will open for subscription subsequent week. Traders can bid for the difficulty in a value band of Rs 880-900 per fairness share of face worth Re 1 every. The IPO will open subsequent week on July 7 and shut on July 9 and can be purely a suggestion on the market (OFS) by current shareholders, together with promoters of the corporate. Clear Science and Know-how manufactures specialty chemical compounds comparable to Efficiency Chemical substances, Pharmaceutical Intermediates, and FMCG Chemical substances. The agency had acquired SEBI’s nod final month.

Traders can bid for Clear Sciences’ IPO in a bid lot of 16 shares or multiples thereafter, translating to a minimal funding of Rs 14,400 on the upper finish of the difficulty value. Of the whole situation measurement, 50% of the supply or roughly 85.92 lakh fairness shares value Rs 773 crore is reserved for certified institutional consumers (QIB). Retail quota is 35% of the whole situation or 60.14 lakh fairness shares, translating to Rs 541 crore. Non-institutional traders (NII) can bid for 15% of your entire situation or 25.77 lakh fairness shares value Rs 232 crore. Clear Sciences won’t obtain any funds from the general public situation because the IPO is completely a suggestion on the market. 

Associated Information

Pre-issue, the promoters of the corporate maintain a 29.78% stake within the firm. Promoters Ashok Ramnarayan Boob, Krishnakumar Ramnarayan Boob, Siddhartha Ashok Sikchi, and Parth Ashok Maheshwari will trim their shareholding by a complete of two.01%. The promoter group holds a 64.88% stake pre-issue, which can be trimmed by greater than 6%. General the promoters and the promoter group holds a 94.65% stake in Clear Sciences pre-IPO.

Additionally Learn: RIL, SBI shares in long-only India portfolio; Chris Wood wants to buy these 16 large, midcap, smallcap stocks

The corporate made a web revenue of Rs 48.9 crore within the monetary yr 2017-18. This elevated to Rs 97.66 crore within the following yr and Rs 139.63 crore within the monetary yr 2019-20. In response to Axis Capital, the corporate’s merchandise are used as polymerization inhibitors, intermediates for agrochemicals and prescription drugs, anti-oxidants, UV blockers, and anti-retroviral reagents. On itemizing, Clear Sciences Applied sciences will be a part of friends comparable to Vinati Organics Restricted, Fine Organic Industries Restricted, Atul, SRF, Navin Fluorine, and PI Industries on the bourses. 

Get dwell Stock Prices from BSE, NSE, US Market and newest NAV, portfolio of Mutual Funds, Try newest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and comply with us on Twitter.

Monetary Categorical is now on Telegram. Click here to join our channel and keep up to date with the most recent Biz information and updates.

Products You May Like