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Tidy Science and Technology IPO: The shares are likely to be noted on July 19Clean Science and Innovation's Rs 1,546 crore going public (IPO) will open for bidding tomorrow i.e.
July 7.
The Pune-based specialized chemicals company's IPO will entirely be an offer for sale (OFS) by existing financiers and will not involve a fresh issue of shares.
The business has actually fixed the rate band of its main market sale at Rs 880-900 per share.
The IPO will close on July 9 and the shares are likely to be listed on July 19.
The promoters who will be unloading stake in the business include Ashok Ramnarayan Boob, Krishnakumar Ramnarayan Boob, Siddhartha Ashok Sikchi and Parth Ashok Maheshwari.Investors can register for the share offering in multiples of 16 shares, translating to a minimum investment of Rs 14,400 at the higher end of the cost band.
Out of the 1.71 crore shares on offer, half or 85.92 lakh shares worth Rs 773 crore will be scheduled for certified institutional buyers (QIB), 35 percent or 60.14 lakh shares amounting to Rs 541 crore will be kept aside for retail financiers and 15 per cent of the concern size or 25.77 lakh shares worth Rs 232 crore will be implied for non-institutional financiers (NII).
Tidy Science and Technology will not get any funds from the general public problem as it is completely an offer for sale.Meanwhile, GR Infraprojects IPO will likewise open tomorrow and it will likewise be an offer-for-sale.
GR Infraprojects is an integrated roadway engineering, procurement and construction business based in Udaipur.
Business
Tidy Science and Innovation going public (IPO) Opens On Wednesday
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