Clean Science Technology Limited which had tapped the capital markets with its offer for sale to raise Rs 1,546.22 listed on the bourses and gained 76.13% at close. The company which had allotted shares at the top end of the price band of Rs 880-900 saw the stock close at Rs 1,585.20, a gain of Rs 685.20 or 76.13% on BSE. On NSE, the closing price was Rs 1,585.25, a gain of Rs 685.25 or 76.14%.
The discovered price was Rs 1,784.40 on BSE and Rs 1,755 on NSE. The traded value at the discovered price was 44,437 shares at BSE and 26,89,924 shares on NSE. The high of the day on BSE was the opening price, the low was Rs 1,555.05 while the close was Rs 1,585.20. On NSE, the high was Rs 1,770.65, low was Rs 1,555.05 while the close was Rs 1,585.25.
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. Overall, the issue was subscribed 95.54 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 issue had opened on Wednesday the 7th of July and closed on Friday the 9th of July.
| Exchange | Open | High | Low | Close | Net Change | % Gain/ Loss | Wt.Avg | Volume | Delivery | Del %age |
| BSE | 1784.40 | 1784.40 | 1555.05 | 1585.20 | 685.20 | 76.13 | 1684.31 | 1087103 | 687612 | 63.25 |
| NSE | 1755.00 | 1770.65 | 1555.05 | 1585.25 | 685.25 | 76.14 | 1640.37 | 13548172 | 7260119 | 53.59 |
| Total | 14635275 | 7947731 | 54.31 |
The total traded quantity on the two exchanges was 146.35 lac shares which was 0.85 times the IPO size of 171.80 lac shares. It was 1.22 times the non-anchor portion of 120.24 lac shares. The delivery volume was 79.47 lac shares which was 54.31% of the traded quantity. It was 46.26% of the IPO size and 66.09% of the non-anchor portion. Weighted average of the day’s trade was Rs 1,684.31 on BSE and Rs 1,640.37 on NSE. The difference between the weighted average and the closing price that the share was under pressure in the last hour of trade.
There was just one institutional trade reported where Nomura bought 10 lac shares at Rs 1,715.33 per share.
The share has performed excellently and lucky investors have made more than decent returns. Going forward it would be crucial for the great showing of day one to continue and also the performance of the company when it reports results for the quarter ended June 2021.0-08
