Clean Science IPO: Will Speciality Chemical deliver a fourth blockbuster IPO?

Clean Science IPO opens and kick-starts the IPO deluge for July and it’s already a favourite with traders. The traded price comes to Rs 1,350 in the grey market, which is 50 percent higher over issue price of Rs 900, the higher end of price band.

Here is all you need to know about the Clean Science IPO:

• Issue Dates: July 7-9
• Issue Price: Rs 880-900 per equity share
• Minimum Investment: 16 shares or Rs 14,400 per lot

The company manufactures functionally critical specialty chemicals such as performance chemicals, pharmaceutical intermediates, and FMCG chemicals. In FY21, exports contributed 67.86 percent to total revenue from operations.

This offering will be the fourth from the house of Specialty chemical company in the last year. The other three listings have given handsome returns vs their issue price -: Rossari Biotech up 182 percent,, Chemcon Speciality up 50 percent and Anupam Rasayan up 37 percent.