CLEAN SCIENCE TECHNOLOGY IPO GMP TODAY (LIVE DATA) Latest Grey Market Premium Updates

Clean Science IPO GMP Today, Clean Science IPO Grey Market Premium Updates | Clean Science IPO Listing Gain, Latest target, Opening gain

Clean Science initial public offer (IPO) is set to open for subscription on July 07 and close on July 09, after it received capital market regulator Sebi’s go-ahead to raise Rs 1546 crore through public issue.

Clean Science Technology are one of the largest manufacturer of certain chemicals globally. They manufacture speciality chemical that includes performance chemicals, pharmaceutical intermediates and FMCG chemicals.

Clean Science is among the few companies globally focused entirely on developing newer technologies using in-house catalytic processes, which are eco-friendly and cost competitive .

Check out Clean Science IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

Clean Science IPO Details:

Issuer Clean Science Technology Limited (CSTL)
Issue Type Book Built Issue IPO
Issue Period Issue Opens: July 07, 2021
Issue Closes: July 09, 2021
Price Brand ₹ 880 to ₹ 900 Per Share
Issue Size ₹1546.22 Crores
Face Value Rs. 1 per Equity Share
Market Lot 16 Shares
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 50% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 35% of the issue size
Fresh Issue ₹ 00 Cr
Offer for Sale ₹ 1546.22 Cr
Listing at NSE & BSE
Apply With Upstox Free DEMAT Account
Equity 17184667 Shares
Grey Market Price Clean Science IPO GMP Today

UPCOMING IPO IN JULY 2021

Clean Science IPO REVIEW

Clean Science Vs GR Infraprojects

Clean Science IPO Listing

Clean Science Listing Day

Clean Science IPO GMP Rates day by day

Clean Science Technology IPO Grey market premium as on today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
19 July 2021 615    
18 July 2021 620    
17 July 2021 625    
16 July 2021 600    
15 July 2021 600    
14 July 2021 555 1100 7000
13 July 2021 500 1500 7000
12 July 2021 500 1000 7000
11 July 2021 500 1000 7000
10 July 2021 550 1100 7000
09 July 2021 520 1000 6500
08 July 2021 540 900 5500
07 July 2021 470 950 5500
06 July 2021 475 900 5500
05 July 2021 500 1000 5000
04 July 2021 450 900 5000
03 July 2021 425    
02 July 2021 425 600 4500
01 July 2021 460 650 4000
30 June 2021 350 600 3000

How to Apply for Clean Science IPO :

If you’re a new investor Open DEMAT Account for free with Angel Broking and build wealth with the best stock choices. Join 1 million+ family of happy customers.

In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

Clean Science IPO Market Lot:

 Lot Size:  Minimum 16 Shares & Maximum  Shares
 Minimum Amount:  ₹14400
 Maximum Amount: ₹187200

Clean Science IPO Allotment & Listing:

 Basis of Allotment: July 14, 2021
 Refunds: July 15, 2021
 Credit to Demat Account: July 17, 2021
 Listing Date: July 19, 2021

Check:- Clean Science Technology IPO Allotment Status

Disclaimer:

– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies.
– This is only coverage of News related to Grey Market . We don’t deal in Grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.

What is Grey Market?

Grey Market is the term used to describe unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:

Example:

Clean Science Technology Limited
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720

This means Clean Science Technology Limited applications of Rs 13770 are being traded in IPO Grey Market at Rs 680 to Rs 720.

Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.

FAQs

What is the Grey Market Premium (GMP) price of Clean Science IPO?

The Grey Market Premium of Clean Science IPO is approx. Rs.350 at the moment.

What is the Subject to Sauda price for Clean Science IPO?

The Subject to Sauda price for Clean Science IPO is approx. Rs. 3000/-

How much will be listing gain in Clean Science IPO?

Clean Science IPO listing gain will be approx. Rs.5000/- (update on a daily basis)

What is kostak price of Clean Science IPO?

The Kostak price of Clean Science IPO is approx. Rs 600/-.

LEAVE A REPLY

Please enter your comment!
Please enter your name here