Clean Science And Technology IPO News: Clean Science And Technology IPO Opens Today Should You Invest? ndtv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ndtv.com Daily Mail and Mail on Sunday newspapers.
On NSE, the stock got listed at Rs 350, up 18.24 per cent.
Recent debutants Dodla Dairy and Krishna Institute of Medical Science had delivered 42 per cent and 21 per cent returns in debut trade. Analysts were expecting 15-25 per cent listing gains for India Pesticides, given the strong grey market trends.
The Rs 800 crore IPO, which was sold from June 23 to 25, was subscribed 29.04 times. The quota reserved for qualified institutional buyers (QIBs) was subscribed 42.95 times while the shares reserved for non-institutional investors (NIIs) were subscribed 51.88 times. The retail quota saw 11.3 times subscription.
India Pesticides is the sole Indian manufacturer of five technicals and among the leading manufacturers globally for captan, folpet and thiocarbamate herbicide in terms of production capacity, as per a company press release.
India Pesticides made a strong debut on the bourses on Monday as its shares got listed at Rs 360, commanding a 22 per cent premium over the issue price of Rs 296 on the BSE. Post listing, the stock extended its gains and moved higher to Rs 368, a 24 per cent jump against its issue price.
At 10:01 am, India Pesticides was trading at Rs 366.70, 2 per cent higher from its opening level on the BSE. In comparison, the S&P BSE Sensex was up 0.59 per cent at 52,792 points. Around 770,000 shares had changed hands on the BSE till the time of writing of this report.
The Rs 800-crore initial public offering (IPO) of India Pesticides saw a strong response from investors with the issue getting subscribed 29 times. The portion reserved for retail investors was subscribed 11.30 times while the non-institutional investor category got 51.88 times. The qualified institutional buyer category was subscribed 42.95 times.
India Pesticide Limited listed today on the bourses equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.
NEW DELHI: While the benchmark equity indices have gained just over 10 per cent returns in the first half of Calendar 2021, a host of 2021 debutants managed to deliver up to 330 per cent returns to investors during this period.
Data showed out of 22 listings so far in 2021, 16 managed to deliver double-digits returns to investors, while eight shot up in excess of 50 per cent.
Five stocks that stood out included Nureca, Easy Trip Planners, Barbeque Nation Hospitality, MTAR Technologies and Laxmi Organic Industries. Many of these companies reported strong earnings for the March quarter (on last year’s lower base).
Shares of Nureca soared 327 per cent since its debut on February 27. At Rs 1,708 on Friday, the scrip was up 4.3 times from issue price of Rs 400. Nureca is a wellness and healthcare company and owns the brand Dr Trust . The company reported 63.3 per cent YoY rise in net profit for March quarter at Rs 3.89 crore on a 0.3 per cent rise in sales at Rs 33.12 crore. Sales f