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Clean Science And Technology IPO News: Clean Science And Technology IPO Subscribed 93 41 Times On Final Day Of Subscription
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The Rs 1,500 crore initial public offer (IPO) by Pune-based specialty chemical firm Clean Science and Technology (CSTL) will open for subscription on Wednesday. The issue, which is slated to run between July 7-9, is priced in the range of Rs 880-900 per share and is entirely an offer for sale. The prime purpose is to enhance visibility, brand, provide liquidity to existing shareholders and achieve the benefits of listing shares on stock exchanges.
Company Details Clean Science is among the few companies globally, focused entirely on developing newer technologies using in-house catalytic processes, enabling it to emerge as the largest global manufacturer of certain specialty chemicals in terms of installed capacities as of March 31, 2021. It has two manufacturing facilities in India, with a combined installed capacity of 29,900 MTPA and a capacity utilisation rate of 72 per cent in FY21.