Clean Science and Technology Limited IPO - Know ALLOTMENT date, when to check status online, LISTING date, DEMAT transfer date - also know subscription updates

Clean Science and Technology Limited IPO – The Initial Public Offering (IPO) of Clean Science and Technology opened on 7 July 2021 (Wednesday). The there-day public issue will conclude on 9 July 2021. If you want to know all the relevant dates from allotment finalisation date, refund initiation, demat transfer, listing date and mandate end date, here is your answer.  

According to Zerodha – the tentative dates are:    

1. Allotment finalisation date is 14 July 2021  
2. Refund Initiation date is 15 July 2021  
3. Demat Transfer date is 16 July 2021  
4. Listing date is 19 July 2021  
5. Mandate end date is 26 July 2021    

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At 4:10 pm today, the issue was subscribed around 0.70 times as per the information on the NSE website. Out of over 12.3 million shares that were are available for subscription, over 8.59 million were subscribed. Retail Individual Investors (RIIs) subscribed the issue 0.97 times while non-institutional investors subscribed the issue 0.98 times. The response from Qualified Institutional Buyers (QIBs) was lacklustre with almost no participation on the first day around this time.  

Know key information about Clean Science and Technology Limited IPO 

1. Symbol – CLEAN 
2. Issue Period - 7-July 2021 to 9 July 2021 
3. Post issue Modification Period – 12 July 2021 between 10 am and 11 am 
4. Cut-off time for UPI Mandate Confirmation – 12 July 2021 up to 12pm 
5. Issue Size - Initial Public Offer of up to equity shares through an Offer for Sale (OFS) aggregating up to Rs 15,466,22 million 
6. Issue Type – 100 per cent Book Building 
7. Price Range – Rs 880 to Rs 900 
8. Face Value and Ticket Size is Re 1 
9. Bid Lot - 16 equity shares and in multiples thereof 
10. Minimum Order Quantity - 16 equity shares 
11. Maximum Subscription Amount for Retail Investor – Rs 200,000 
12. IPO Market Timings - 10 am to 5 pm 
13. Book Running Lead Managers - Kotak Mahindra Capital Company Limited, Axis Capital Limited and JM Financial Limited 
14. Sponsor Bank - ICICI Bank Limited 
15. Categories - FI, IC, MF, FII, OTH, CO, IND and NOH 
16. 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