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Clean Science IPO subscribed 93.41 times on final day, QIB portion booked 156.37 times

Clean Science IPO: The Rs 1,546.62-crore public issue of specialty chemical company Clean Science opened for subscription on July 7, comprising a complete offer for sale by existing shareholders

July 09, 2021 / 05:25 PM IST
 
 
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The initial public offering of Clean Science and Technology is oversubscribed by 93.41 times on July 9, the final day of bidding, supported by strong buying interest from investors.

The offer has received bids for 114.92 crore equity shares against the IPO size of 1.23 crore equity shares, the subscription data available on exchanges showed.

The qualified institutional buyers have put in bids 156.37 times their reserved portion and non-institutional investors 206.43 times, while the portion set aside for retail investors is subscribed 9.00 times.

The Rs 1,546.62-crore public issue of specialty chemical company Clean Science opened for subscription on July 7, comprising a complete offer for sale by existing shareholders. The company has already mobilised Rs 464 crore from anchor investors on July 6, at higher end of the price band of Rs 880-900 per equity share.