Clear Science has made a powerful debut on the bourses. The shares of the specialty chemical substances firm began off the day at Rs 1,784.40, a premium of Rs 884.40 or 98.27 per cent on the BSE in comparison with the problem worth of Rs 837. At 10:03 am, Clear Science shares have been buying and selling at Rs 1,594.10, up Rs 691.20 or 76.78 per cent on the BSE and at Rs 1,588, up Rs 691.55 or 76.34 per cent on the NSE.
Clear Science and Expertise’s Rs 1,546 crore preliminary public providing (IPO) was subscribed 93.41 instances. The IPO was solely a suggestion on the market (OFS) by present buyers and there was no recent situation of shares. The portion reserved for retail buyers within the IPO was subscribed 9 instances, the non-institutional buyers (NII) portion was subscribed 206.43 instances and the certified institutional patrons (QIB) section was subscribed 156.37 instances.
The promoters who offloaded stake within the firm included Krishnakumar Ramnarayan Boob, Ashok Ramnarayan Boob, Parth Ashok Maheshwari and Siddhartha Ashok Sikchi.
Clear Science and Expertise is a Pune-based specialty chemical substances firm that develops newer applied sciences utilizing in-house catalytic processes which can be eco-friendly and cost-competitive.