Clean Science and Technology IPO: The IPO of Clean Science & Technology is scheduled to open for subscription tomorrow, July 7. Investors can bid for the IPO in the price band of Rs 880-900 per equity share. The face value of these shares is Rs. The IPO of Clean Sciences is purely an Offer for Sale (OFS) by the existing investors including the promoters. After the IPO, the promoters’ stake in the company will come down from 94.65 per cent to 78.51 per cent, while on the other hand the public shareholding will increase from 5.35 per cent to 21.49 per cent. Investors can bid for the IPO by the end of this week. Before the IPO, clean science and technology is trading at a premium price in the gray market. According to Dinesh Gupta, partner of UnlistedZone, its shares are trading at a premium of 53 percent i.e. Rs 480 per share.
Worst condition of women of low income family due to Corona, big disclosure in survey conducted in 10 states
Lot size of 16 shares
Investors can bid for Clean Sciences IPO in lots of 16 shares. This means that a minimum investment of Rs 14,400 will have to be made according to the upper price in the fixed price band. Under the offer, 1.71 crore equity shares will be issued. Of this, 85.92 lakh shares worth Rs 773 crore were reserved for Qualified Institutional Buyers (QIBs), 60.14 lakh shares (35 per cent) worth Rs 541 crore were reserved for retail investors and 25.77 lakh equity shares (15 per cent) worth Rs 232 crore were reserved for non-institutional investors. Will go The company will not get any fund from the issue as it is an offer for sale.
Tata Motors Price Hike: Prices of Tata vehicles will increase again, cars will be expensive for the second time in this financial year
Should you subscribe or not!
- Clean Science and Technology manufactures specialty chemicals such as Performance Chemicals, Pharma Intermediates and FMCG Chemicals. The company got approval for IPO from SEBI last month. Analysts at Marwadi Shares & Finance and Aditya Birla Money have given it a subscribed rating. According to Marwari Shares, the company is going to be listed at a PE of 48.18x with a market cap of Rs 9559.7 crore, while its Pirs Vinati Organics is trading at 77.4X and Fine Organics 75.1X. Marwari Shares has given it a subscribed rating as the company is one of the largest companies in its field globally and is available at a better valuation than its peers.
- According to analysts at Aditya Birla Money, this company is one of the largest companies in the world in the products it produces and it is in a profitable position by eliminating wastes and discharges from its manufacturing facilities. According to analysts, the company’s growth prospects are better, due to which it is being advised to subscribe.
(Article: Kshitij Bhargava)
(The stock recommendations given in the story are those of the respective research analyst and brokerage firm and Financial Express Online does not take any responsibility for this investment advice. Investing in capital markets is subject to risks and please consult your advisor before investing. )
Get Business News in Hindi, latest India News in Hindi, and other breaking news on share market, investment scheme and much more on Business Khabar. Like us on Facebook, Follow us on Twitter for latest financial news and share market updates.
.