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02/07/2021 10:20

Clean Science & Tech announces launch of initial public offering

Clean Science & Technology Ltd. has announced public offering of 17184689 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 899.00 per share. The gross proceeds of the issue are expected to be Rs 1,54,662.20 lakhs.

The company's initial public offer (IPO) will open on 07 July 2021 and is expected to close on 09 July 2021, subject to customary closing conditions. The price band of the issue has been fixed at Rs 880.00-900.00 per share.

The IPO includes a fresh Issue of 17184689 Equity Shares of the Company at an price of Rs 900.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 16 shares with bids in multiples of 16.

Clean Science & Technology Ltd. anticipates using the proceeds of the issue for .

Axis Capital Ltd.,Kotak Mahindra Capital Company Limited,JM Financial Ltd. as lead manager(s) & Link Intime India Private Limited is the registrar, to the issue.