The company’s IPO was opened for subscription on 7 July and closed on 9 July. It was trading at Rs 1606.85 at 10.03 am, which was 78.54 per cent higher than its issue price by Rs 706.85. The trading volume of the company’s shares was 6.38 lakh. The minimum lot size for the IPO was 16 shares.
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what was the price band
The price band of the issue of Clean Science was fixed at Rs 880-890 per share. The company’s plan was to raise Rs 1546.62 crore from the IPO. The company’s IPO was subscribed about 93.41 times.
What is the business of the company?
Clean Science is one of the few companies around the world that manufactures products through an in-house catalytic process. This is a new technology which is eco-friendly as well as less expensive. Clean Science Tech is the world’s largest manufacturer of specialty chemicals such as MEHQ, BHA, Anisol and 4-MAP. The company also produces performance chemicals, FMCG chemicals as well as pharma chemicals used in making medicines.
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