Clean Science and Technology IPO
Clean Science and Technology Limited (CLEAN) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 19 July 2021.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +29.8% (likely range +25% to +76%), day's high +39.2%, chance of a gain 92%. Actual: +95.0% at the open, +96.7% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 35,15,049 | 54,96,62,848 | 156x | |
| NII (HNI) total | 26,36,287 | 54,42,13,616 | 206x | |
| Retail | 61,51,336 | 5,53,53,696 | 9.00x | |
| Total | 1,23,02,672 | 1,14,92,30,160 | 93.4x |
Bids on NSE and BSE together, as published by NSE, as of 09 Jul 2021, 05:00 PM. Shares offered exclude the anchor portion. 4% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Clean Science and Technology's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Godrej AgrovetOct 2017 | 151x | 236x | 7.67x | 95.4x | ₹1,180 Cr | +33.8% | +37.0% |
| Avenue SupermartsMar 2017 | 145x | 278x | 7.51x | 105x | ₹1,895 Cr | +100.7% | +117.0% |
| HDFC Asset Management CompanyJul 2018 | 192x | 195x | 6.73x | 83.1x | ₹2,800 Cr | +56.9% | +67.6% |
| Reliance Nippon Life Asset ManagementOct 2017 | 118x | 209x | 5.65x | 81.5x | ₹1,542 Cr | +17.4% | +18.6% |
| Indigo PaintsJan 2021 | 190x | 263x | 15.9x | 117x | ₹1,170 Cr | +75.0% | +110.0% |
| Dixon Technologies (India)Sep 2017 | 135x | 346x | 10.6x | 118x | ₹600 Cr | +54.3% | +71.2% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
| Axis Capital | 107 | +20.4% | 73% |
| JM Financial | 109 | +22.8% | 75% |
Offer documents (NSE)
Frequently asked
What is the Clean Science and Technology IPO price band and lot size? ₹880–900 per share, with a lot of 16 shares, so the smallest retail bid is ₹14,400.
How many times has it been subscribed? 93.4x overall: QIB 156x, NII 206x, retail 9.00x.
How did it list? It opened at ₹1,755, +95.0% against the issue price of ₹900, and closed its first day +76.1%.
