Clean Science Technology Limited which had tapped the capital markets with its offer for sale to raise Rs 1,546.22 was subscribed 95.54 times. The issue had opened on Wednesday the 7th of July and closed on Friday the 9th of July. The price band was Rs 880-900.
Earlier the company had allotted 51,55,404 shares at Rs 900 to 25 anchor investors comprising of 41 entities. The highest allocation was made to 3 entities equally comprising of 4,44,437 shares or 8.62% of the anchor allocation. These were Government of Singapore, Nomura Trust and Ashoka India Opportunities Fund. This was followed by an allocation of 2,93,101 shares or 5.68% to HDFC mutual Fund, Axis Mutual Fund and SBI Mutual Fund. This was followed by an allocation of 2,77,776 shares or 5.39% to two entities, namely Blackrock and Aberdeen Global.
The issue was subscribed 159.93 times by QIB’s, HNI portion was subscribed 211.12 times and Retail portion was subscribed 9.20 times. There were 26.94 lac applications and on basis of lots the retail portion was subscribed 7.17 times.
The issue garnered subscription of over Rs 1,03,900 crs. The HNI portion received bids for Rs 49,000 crs.
The full details of the subscription are given below: –
Clean Science Subscription
Bucket Size | Shares Applied for | Times Oversubscribed | |
QIB | 3436936 | 549662848 | 159.93 |
HNI | 2577703 | 544213616 | 211.12 |
Retail | 6014639 | 55353696 | 9.20 |
Total | 12029278 | 1149230160 | 95.54 |