At 10:03 am, Clean Science shares were trading higher by Rs 691.20 or 76.78 percent on BSEClean Science has actually made a strong debut on the bourses.
The shares of the specialized chemicals business started the day at Rs 1,784.40, a premium of Rs 884.40 or 98.27 per cent on the BSE compared to the issue rate of Rs 837.
At 10:03 am, Tidy Science shares were trading at Rs 1,594.10, up Rs 691.20 or 76.78 percent on the BSE and at Rs 1,588, up Rs 691.55 or 76.34 percent on the NSE.Clean Science and Technology's Rs 1,546 crore going public (IPO) was subscribed 93.41 times.
The IPO was completely an offer for sale (OFS) by existing investors and there was no fresh problem of shares.
The portion booked for retail financiers in the IPO was subscribed nine times, the non-institutional investors (NII) part was subscribed 206.43 times and the qualified institutional buyers (QIB) section was subscribed 156.37 times.The promoters who unloaded stake in the business included Krishnakumar Ramnarayan Boob, Ashok Ramnarayan Boob, Parth Ashok Maheshwari and Siddhartha Ashok Sikchi.Clean Science and Innovation is a Pune-based specialized chemicals company that develops more recent technologies utilizing internal catalytic processes that are environment-friendly and cost-competitive.