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Clean Science and Technology IPO β Schedule *(FINAL β Pg #298 of RHP)*
02nd July β Announcement of Price Band
06th July β Anchor Investors Allotment
07th July β Offer Opens
09th July β Offer Closes
14th July β Finalisation of Basis of Allotment
15th July β Unblocking of ASBA Accounts
16th July β Credit of Equity Shares to Depository Accounts
19th July β Commencement of Trading
Clean Science and Technology IPO β Issue Information *(Final)*
Issue Opens on: 07 July 2021
Issue Closes on: 09 July 2021
Issue Type: Book Built Issue IPO
Issue Size: 1,71,84,668 Shares
Face Value: Re.1/- per Share
Issue Price: Rs.880 β Rs.900 Share
Discount: NIL
Market Lot: 16 Shares
Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = 10,62,18,960 Shares
Offer for Sale of 1,71,84,668 Shares @900/- = Rs.1546.62Crs
Equity Shares outstanding after the Issue = 10,62,18,960 Shares
Category-wise Break up:
Anchor β 51,55,406 Shares = 463.99Crs
QIB β 34,36,938 Shares = 309.32Crs
NII β 25,77,703 Shares = 231.99Crs
RII β 60,14,641 Shares = 541.32Crs (Lot size: 16 = 3,75,915 Forms)
Total Issue β 1,71,84,688 Shares = 1,546,62Crs.
Subscription required for 1X
RII = 3,75,915 Forms
NII = 231.99 Crs
Clean Science and Technology IPO β Financial Information (Basis of Valuation)
The information is collated from the following documents:
1) RHP = Red Herring Prospectus Dated June 30, 2021 (331 pages)
EPS for FY18-19 >>> Rs.09.19 (Page #87 of RHP)
EPS for FY19-20 >>> Rs.13.15 (Page #87 of RHP)
EPS for FY20-21 >>> Rs.18.68 (Page #87 of RHP)
RoNW for FY18-19 >>> 35.90% (Page #88 of RHP)
RoNW for FY19-20 >>> 40.82% (Page #88 of RHP)
RoNW for FY20-21 >>> 36.76% (Page #88 of RHP)
NAV as on March 31, 2021 was Rs.50.81 (Page #88 of RHP)
Listed Industry Peer Group (Page #88 of RHP): Vinati Organics, Fine Organic Industries, Atul, Camlin Fine Sciences, SRF, Navin Flourine International, PI Industries
Clean Science and Technology IPO β *Marketβs Current Estimates of oversubscription*:
NII = 46KCrs. = ~198.28X
RII = 27L Forms = 7.18X Applic. wise (Avg allotment of ~2.23 shares per lot)
Interest cost *@8.00%p.a.* for 7days = *138.08paise for 1X*
Thus, for NII the costing = 198.28 X 138.08 paise = Rs.273.79 per share (= GMP)
And, for RII the costing = 273.79 X 2.23 = Rs.610/- (= Kostak)
Clean Science and Technology IPO β *GMP Estimated*
GMP 450 +/- 2
Kostak 1,000 +/- 25
Subject 2 @6,200/-