Clear Science has made a powerful debut on the bourses. The shares of the specialty chemical compounds 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 difficulty 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 Know-how’s Rs 1,546 crore preliminary public providing (IPO) was subscribed 93.41 occasions. The IPO was fully a suggestion on the market (OFS) by current traders and there was no recent problem of shares. The portion reserved for retail traders within the IPO was subscribed 9 occasions, the non-institutional traders (NII) portion was subscribed 206.43 occasions and the certified institutional patrons (QIB) section was subscribed 156.37 occasions.
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 Know-how is a Pune-based specialty chemical compounds firm that develops newer applied sciences utilizing in-house catalytic processes which can be eco-friendly and cost-competitive.