Shares of Clean Science and Technology got listed with a premium of 98.27 percent at Rs 1,784.40 apiece on the BSE Monday as against the issue price of Rs 900 per share.
The shares were listed at Rs 1,755 on the National Stock Exchange, a premium of 95 percent to the issue price.
The initial public offering (IPO) of specialty chemical company Clean Science and Technology was subscribed 9.32 times during July 7-9. The offer received bids for 11.4 crore equity shares against an IPO size of 1.23 crore equity shares.
The Rs 1,546.62-crore IPO was a complete offer for sale by existing shareholders including promoters. The price band for the issue was Rs 880-900 per share.
Clean Science and Technology is one of the few global companies solely dedicated to the development of newer technologies using in-house catalytic processes that are both eco-friendly and cost-effective.
It manufactures functionally critical specialty chemicals, FMCG Chemicals, and Pharmaceutical Intermediates.
Given the company's strong financial performance, industry-leading margins and returns ratios, brokerages have assigned "Subscribe" ratings to the issue.
First Published: IST