NEW DELHI: Shares of Clean Science and Technology made a strong debut at the exchanges on Monday, as the stock got listed at Rs 1,784.40 on BSE, a 98.26 per cent premium to its issue price of Rs 900.
On NSE, the scrip got listed at Rs 1,755, up 95 per cent.
Clean Science manufactures functionally critical specialty chemicals such as performance chemicals, pharmaceutical intermediates, and FMCG chemicals.
It is the only company globally to deploy vapour-phase technology for manufacturing Anisole from phenol with better atom economy and only water as effluent compared to liquid phase manufacturing process.
The initial public offer (IPO), which was sold between July 7 and 9 -- alongside the issue of GR Infraprojects -- was subscribed 93.41 times.
It received total bids for 1,14,92,30,160 shares against 1,23,02,672 shares on offer. The quota reserved for qualified institutional buyers (QIBs) was subscribed 156.37 times, non-institutional investors 206.43 times, and the retail individual investors (RIIs) quota 9 times.
(With inputs from agencies)
