Clean Science and Technology to launch IPO on July 7; units worth band at Rs 880-890/share
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Speciality chemical producer Clean Science and Technology on Friday stated it has fastened a worth band of Rs 880-890 a share for its over Rs 1,546 crore-initial public provide.
The three-day preliminary public provide (IPO) will open on July 7 and conclude on July 9.The bidding for anchor traders will open on July 6, the corporate introduced in a digital press convention.
The Rs 1,546.62 crore-IPO is completely a suggestion on the market (OFS) by current promoters and different shareholders.
Those providing shares within the OFS embrace Anantroop Financial Advisory Services, Ashok Ramnarayan Boob; Krishnakumar Ramnarayan Boob; Siddhartha Ashok Sikchi; and Parth Ashok Maheshwari.
Half of the difficulty dimension has been reserved for certified institutional patrons, as much as 35 per cent for retail traders, and the remaining 15 per cent for non-institutional patrons.
Clean Science Technology manufactures functionally crucial specialty chemical compounds equivalent to efficiency chemical compounds, pharmaceutical intermediates and FMCG chemical compounds.
Its merchandise are used as key beginning stage supplies, as inhibitors, or as components, by clients, for merchandise.
Clean Science and Technology is understood for a longtime market place and dominant presence in key specialty chemical merchandise, well-diversified clientele, and software of the merchandise largely in industries manufacturing necessities which limits influence of COVID-19 pandemic.
The firm has a number of manufacturing amenities in Kurkumbh, MIDC Maharashtra which are automated to take care of excessive ranges of accuracy and effectivity.
The Pune-based firm’s clients embrace producers and distributors in India in addition to different worldwide markets together with China, Europe, the US, Taiwan, Korea, and Japan.
Nearly two-third of the corporate’s revenues come from exports.
Axis Capital, JM Financial and Kotak Mahindra Capital have been appointed as service provider bankers to the difficulty. The fairness shares of the corporate might be listed on NSE and BSE.
