Clean Science IPO Details

Issue Open Jul 7, 2021
Issue Close Jul 9, 2021
IPO Price ₹900
Face Value ₹1
IPO Size ₹1,546.62 Cr
Listing At BSE, NSE
IPO Lot Size 16

Clean Science IPO Subscription Status (Bidding Detail)

The Clean Science IPO is subscribed 93.41x times on Jul 9, 2021 17:01. The public issue subscribed 9.00x in the retail category, 156.37x in the QIB category, and 206.43x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

156.37x

NII

206.43x

RII

9.00x

Total

93.41x

Note: Clean Science IPO application wise subscription: 7 times


Clean Science IPO Funding Interest Rates Calculator

Clean Science IPO funding cost is derived based on the NII (HNI) over-subscription and interest rate considering the 7-day loan period. The table provides an estimated interest cost per share for rate of interest (ROI) ranging from 7 to 10% over a range of 10 different over-subscription intervals.

IPO Price₹900
NII IPO Quota₹237 Cr
NII Over-subscription
(Estimated in times)
NII IPO Collection
(Incremental in ₹ Cr)

Clean Science IPO HNI Cost for 7 days

NII IPO Collection (₹ Cr)0000000000
NII Over-subscription (times)0000000000
Interest Rate ↓↓ HNI Funding Cost (per share) ↓
7%0000000000
7.5%0000000000
8%0000000000
8.5%0000000000
9%0000000000
9.5%0000000000
10%0000000000

IPO Funding Cost = IPO Price * NII Over-Subscription * (Interest Rate/100) * (7/365 days)

where,

  • IPO Price is the upper price band in case of a book-built issue. 
  • NII Over-subscription is the number of times over-subscription in NII category. The table reflects data considering 150 time over-subscription as a starting point with the flexibility to change as desired.
  • ROI is the interest rate at which the loan gets granted.
  • 7-days is the loan funding period.

Note: The over-subscription intervals are derived based on the set incremental HNI IPO collection value. This value is currently set to 3000 which can be changed as desired based on the IPO issue size and price.

FAQs

  • 1. How to apply for Clean Science IPO as HNI?

    You can apply for Clean Science IPO online through the Netbanking ASBA facility provided by your bank or through offline mode by filling and submitting the physical IPO application form.

    Steps to apply online in Clean Science IPO as HNI

    1. Log into your Netbanking.
    2. Go to Investment/IPO section.
    3. Select the desired IPO.
    4. Enter the Investor category/Status as HNI.
    5. Fill in the bid details viz. Quantity/lots and price.
    6. Enter the personal information viz., Applicant name, PAN No., Email id, Bank account no., depository details.
    7. Apply.

    Steps to apply offline in Clean Science IPO as HNI

    1. Procure the IPO application form from the nearest broker office, syndicate member office, or download the application form from NSE/BSE website.
    2. Fill in the below details in IPO Form:
      • Applicant Name
      • PAN Number
      • Bid Details - Quantity, Price
      • ASBA Bank Account Number
      • Tick the investor category as HNI.
    3. Submit the form to the nearest syndicate member/broker office.

    Points to Note

    • An HNI cannot place a bid at the cut-off price.
    • An HNI cannot apply through UPI considering the UPI IPO Transaction limit of ₹2 lakhs.
  • 2. How to invest in Clean Science IPO as HNI?

    You can invest in Clean Science IPO as HNI through ASBA Netbanking or offline mode.

    You need to enter all the required details viz. the bid quantity, amount, depository details, bank account no., applicant name, PAN No. to apply for IPO online or offline. You need to ensure to select the investor category as HNI.

    It is important to note that as an HNI, you cannot bid in IPO at the cut-off price.

  • 3. How to apply for Clean Science IPO in the HNI category in Zerodha?

    You cannot apply in Clean Science IPO through the Zerodha IPO application(Console) in the HNI category as Zerodha offers a UPI-based IPO application that has a limit of a maximum of ₹2 lakh per transaction. 

    You can apply using the ASBA facility offered by the banks to invest in the HNI category.

  • 4. How to apply for Clean Science IPO in the HNI category in ICICI Direct?

    ICICI Direct offers a UPI-based IPO application with an upper limit of ₹2 lakh per transaction. Thus, an HNI cannot apply for Clean Science IPO through ICICI Direct.

    To apply as an HNI in Clean Science IPO, you can apply online through Netbanking using the ASBA facility offered by banks or submit a physical IPO ASBA application form.

  • 5. Is it worth investing in Clean Science IPO using IPO funding facility?

    The three main factors that decide the feasibility to invest in Clean Science IPO using the IPO funding route.

    1. IPO Subscription Rate - This is one of the most critical factors that help decide whether an HNI should opt for a loan or not. The higher the subscription, the lower is the allotment. In the case of lesser allotment in IPO, selling that small chunk may not cover the entire funding cost and thus reduce the chances of earning profits.
    2. IPO Listing Price - If the IPO listing is expected at a good premium, taking an IPO loan should not be a burden as selling the shares on listing would earn handsome profit to cover the funding interest cost and the IPO price.
    3. IPO Funding Rate - Generally, IPO funding is available at around 7%-10%. The above IPO funding cost table shows an estimated cost that can help you arrive at the break-even point to assess the probability of earning profit based on the expected listing price and over-subscription.








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