The Clean Science IPO, which occurred between July 7 and July 9, 2021, was a monumental success, showcasing the immense interest and confidence from investors. Let’s delve into the numbers and details that made this IPO a standout event.
Clean Science IPO Subscription Status: A Record-Breaking Demand
The subscription rate for the Clean Science IPO was extraordinary, reaching an oversubscription of 93.41 times. This overwhelming demand demonstrates the strong appeal of Clean Science and Technology Limited among investors.
Investor Categories
- Qualified Institutional Buyers (QIB): The QIB category subscribed a staggering 156.37 times, indicating institutional investors’ high confidence in Clean Science’s future prospects.
- Non-Institutional Investors (NII): The NII category, comprising high-net-worth individuals and non-resident Indians, subscribed an impressive 206.43 times, reflecting strong interest from affluent investors.
- Retail Investors: Retail investors, representing individual investors, subscribed 9.00 times, showcasing widespread retail participation in the IPO.
Application Wise Subscription (Retail)
Retail investors bid for shares at a rate of 7 times the allotted quantity, indicating their eagerness to invest in Clean Science.
Understanding the Clean Science IPO
The Clean Science IPO marked the initial public offering of Clean Science and Technology Limited, where the company offered 12,302,672 equity shares to the public.
Detailed Subscription Status
Retail Category
Retail investors, subscribing 9.00 times the shares allocated to them, demonstrated a high level of interest in Clean Science’s IPO.
QIB Category
Qualified Institutional Buyers subscribed 156.37 times, indicating strong institutional confidence in Clean Science.
NII Category
Non-Institutional Investors subscribed 206.43 times, showcasing the appeal of Clean Science among high-net-worth and non-resident investors.
Clean Science IPO Allotment Status
The IPO allotment status for Clean Science is expected to be finalized around July 14, 2021, which will determine the allocation of shares to investors.
Investor Categories Explained
Understanding the various investor categories is crucial to comprehending the Clean Science IPO subscription status. Here’s a breakdown:
- QIBs (Qualified Institutional Buyers): These are financial institutions, banks, foreign institutional investors (FIIs), and mutual funds registered with SEBI. They represent smaller investors through mutual funds, insurance schemes, and pension funds.
- NIIs (Non-Institutional Investors): NIIs include high-net-worth individuals (HNIs), non-resident Indians (NRIs), and other non-institutional entities.
- Retail Investors (RII): These are individual investors applying for up to Rs 2 lakhs in the IPO.
Key Dates and Price Band
- Key Dates: The IPO witnessed minimal subscription on Day 1 (July 7, 2021), increased interest on Day 2 (July 8, 2021), and massive oversubscription on Day 3 (July 9, 2021).
- Price Band: The IPO price band was set between Rs 880 and Rs 900 per share.
Conclusion: A Landmark Event in the Stock Market
The Clean Science IPO subscription status reflects the remarkable demand and investor confidence in the company. As investors await the allotment results, the success of this IPO sets a positive tone for Clean Science’s future in the market.
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