Clean Science and Technology IPO opened for subscription on Wednesday, July 7, and closed today – Friday, July 9, remaining open for investors for a period of three days.
As per the current reports from the IPO subscription which took place today are;
The bid hit a Blockbuster response with 95.5x of its total subscription. The Pune-based specialty chemicals company’s IPO is entirely an offer for sale by existing investors and will not involve a fresh issue of shares. The IPO was subscribed 4.28 times on the second day of the issue yesterday on July 8.
The investors that categorized were subscribed in multiple times of QIB with 159.9x; NII with 211.1x and retail at 9.2x.
It was also seen that IPO has been mobilized over Rs. 1.04 lakh crore despite one more competing IPO which is later mobilized under Rs. 70,000 crore.
Also over 26.9 lakh applicants have applied/ subscribed in the IPO. This record has been the highest in the recent times. Other then this the highly subscribed IPOs like Indigo Paints had 25.96 lakh applicants and MTAR technologies have 25.95 lakh applicants subscribed in IPO.
Marquee anchor investors from across US, Canada, UK, Europe, Asia, Middle East and India had also participated in the anchor book for IPO.
This IPO is the largest ever and highest subscribed IPO in the specialty under chemical sector.
Today on July 9th the IPO closed its subscribers at 105.45 times at 5:00 pm IST.
The overall subscribers and investment is at 105.45 times, QIB 168.58 times, NII 238.04 times and Retail at 12.55 times.