Clean Science and Technology IPO: Invest for listing gains, long term investment; Market Guru gives a THUMBS-UP to this issue
Clean Science and Technology Limited IPO – IPO of Clean Science and Technology has opened today. The market timings to subscribe this three-day issue is between 10 am and 5 pm. Zee Business Managing Editor Anil Singhvi said that Clean Science is a good company and investors must put money in it from the standpoint of listing and also for investment purpose
Clean Science and Technology Limited IPO – The Initial Public Offering (IPO) of Clean Science and Technology has opened today (Wednesday). The market timings to subscribe this three-day issue is between 10 am and 5 pm. The IPO will conclude on 9 July 2021. Zee Business Managing Editor Anil Singhvi said that Clean Science is a good company and investors must put money in it from the standpoint of listing and also for investment purpose.
He said that the valuations are attractive for the shares of this public issue as against its industry peers. He said that there are strong chances of upside on listing. He said that Clean Science and Technology IPO is one issue where the investors can make money on listing and if they hold it for long term.
See Zee Business Live TV Streaming Below:
He was all praise about the anchor book and added that the demand for this share will likely remain even after the listing.
The track record of this company over the past three years is excellent with strong financials, Singhvi said. It is not only cash rich but also debt free, the Managing Editor said. He further said that he did not see any major negatives in this company. The management is good and company is clean, he added. The company is also growth oriented.
He expects a listing gain between 15-25 per cent. The investors should invest in one lot as the allocation of more lots could be difficult.
If you are planning to invest in this IPO, then here is all that you need to know.
As per SEBI a circular dated June 28,2019 all Syndicate Members, Registered Stock Brokers, DPs, RTAs shall use Unified Payments Interface (UPI) as a mandatory payment mechanism for bid amounting to Rs 2 lakhs and below for applications in public issues by retail individual investors and Share Holders.
Watch Zee Business Tweet Video Below:
आज से खुलेगा Clean Science and Technology का IPO
कंपनी में क्या अच्छा, क्या निगेटिव?
— Zee Business (@ZeeBusiness) July 7, 2021
Know key information about Clean Science and Technology Limited IPO
Symbol – CLEAN
Issue Period - 7-July 2021 to 9 July 2021
Post issue Modification Period – 12 July 2021 between 10 am and 11 am
Cut-off time for UPI Mandate Confirmation – 12 July 2021 up to 12pm
Issue Size - Initial Public Offer of up to equity shares through an Offer for Sale (OFS) aggregating up to Rs 15,466,22 million
Issue Type – 100 per cent Book Building
Price Range – Rs 880 to Rs 900
Face Value and Ticket Size is Re 1
Bid Lot - 16 equity shares and in multiples thereof
Minimum Order Quantity - 16 equity shares
Maximum Subscription Amount for Retail Investor – Rs 200,000
IPO Market Timings - 10 am to 5 pm
Book Running Lead Managers - Kotak Mahindra Capital Company Limited, Axis Capital Limited and JM Financial Limited
Sponsor Bank - ICICI Bank Limited
Categories - FI, IC, MF, FII, OTH, CO, IND and NOH
Name of the Registrar - Link Intime India Private Limited
Ahead of the IPO subscription on Wednesday, Zee Business Managing Editor spoke to Clean Science and Technology Limited Executive Director Siddhartha Sikchi and asked about the company's business model. See what the Management has to say about the issue - Clean Science IPO: In chat with Anil Singhvi, Executive Director Siddhartha Sikchi says company has enough cash for 3-4 years.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.