Incorporated in 2003, Clean Science and Technology Ltd is one of the leading chemical manufacturers globally. It manufactures functionally critical specialty chemicals such as Performance Chemicals (MEHQ, BHA, and AP), Pharmaceutical Intermediates (Guaiacol and DCC), and FMCG Chemicals (4-MAP and Anisole).
The company supplies its products to manufacturers and distributors in India as well as overseas markets i.e. China, Europe, USA, Korea, Taiwan, and Japan. Bayer AG, Genex Laboratories Limited, Nutriad International NV, SRF Limited, Vinati Organics are a few of its customers. In fiscal 2020, it generated 69% of revenues through export outside India.
Clean Science has two production facilities at Kurkumbh (Maharashtra) with an aggregated installed production capacity of 29,900 MTPA as of Dec 31, 2020.
Clean Science Technology IPO Date & Price Band
| IPO Open: | 07 July 2021 |
| IPO Close: | 09 July 2021 |
| IPO Size: | Approx ₹1546 Crores |
| Fresh Issue: | Approx ₹- Crores |
| Offer for Sale: | Approx ₹1546 Crores |
| Face Value: | ₹1 Per Equity Share |
| Price Band: | ₹880 to ₹900 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Equity: | – Shares |
Clean Science Technology IPO Market Lot
The Clean Science Technology IPO minimum market lot is 16 shares with ₹14,400 application amount. The retail investors can apply up-to 13 lots with 208 shares or ₹187,200 amount.
| Minimum Lot Size: | Minimum 16 Shares |
| Minimum Amount: | ₹14,400 |
| Maximum Lot Size: | Maximum 208 Shares |
| Maximum Amount: | ₹187,200 |
Clean Science Technology IPO Allotment & Listing
The Clean Science Technology IPO date is July and the close date is July 2021. The allotment date is July 2021 and the IPO to list on July 2021.
| Basis of Allotment: | 14 July 2021 |
| Refunds: | 15 July 2021 |
| Credit to Demat Account: | 16 July 2021 |
| Listing Date: | 19 July 2021 |
Company Financials:
| Particulars | For the year/period ended (₹ in million) | ||
|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 5,711.85 | 4,298.79 | 3,274.73 |
| Total Revenue | 3,984.64 | 4,301.65 | 4,045.63 |
| Profit After Tax | 1,452.65 | 1,396.31 | 976.58 |
Objects of the Issue:
- To make an offer for sale of equity shares aggregating to Rs. 1,5466.22 million.
- To achieve the share listing benefits on the BSE and NSE.
Company Promoters:
Ashok Ramnarayan Boob, Krishnakumar Ramnarayan Boob, Siddhartha Ashok Sikchi, and Parth Ashok Maheshwari are the company promoters.
Clean Science Technology IPO Lead Managers
- Axis Capital Limited
- JM Financial Limited
- Kotak Mahindra Capital Company Limited