Clean science and technology ltd. IPO

Clean Science and Technology Ltd was founded in 2003. It is one of the world’s leading chemical manufacturers. It produces functionally critical specialty chemicals, including Performance Chemicals (MEHQ, BHA, and AP), Pharmaceutical Intermediates (Guaiacol and DCC), and FMCG Chemicals (4-MAP and Anisole).

clean science and technology

In addition to exporting to overseas markets, the company supplies products to manufacturers and distributors in India. China, Europe, the United States, Korea, Taiwan, and Japan. There are a number of its customers, including Bayer AG, Genex Laboratories Limited, Nutriad International NV, and Vinati Organics. It generated 69% of its revenues outside India in fiscal 2020.

As of December 31, 2020, Clean Science has two production sites in Kurkumbh (Maharashtra) with an aggregate installed capacity of 29,900 MTPA.

Strengths of the company:

  • The world’s leading supplier of certain chemicals, including Ansole, 4-MAP, MEHQ, BHA, DCC, etc.
  • The manufacturing facility is located in close proximity to JNPT port to facilitate exports.
  • Customers with whom we have a long-term relationship.
  • Maintain a consistent track record of financial performance.
  • Several countries with international presence, for example. China, the United States, Korea, Japan, Taiwan, etc.

Objectives of the Issue:

    • An offer is being made for the sale of equity shares worth Rs. 1,5466.22 million.
    • Aims to achieve share listing benefits on the NSE and BSE.

Promoters of the company:

Promoters of the company include Adam Boob, Krishnakumar Ramnarayan Boob, Siddhartha Ashok Sikchi, and Parth Ashok Maheshwari.

Company Financials:

Summary of financial Information (Restated Consolidated)
ParticularsFor the year/period ended (₹ in million)
31-Mar-2131-Mar-2031-Mar-19
Total Assets6,599.174,298.793,274.73
Total Revenue5,380.714,301.654,045.63
Profit After Tax1,983.801,396.31976.58

Clean Science IPO  Timetable:

The Clean Science IPO open date is Jul 7, 2021, and the close date is Jul 9, 2021. The issue may list on Jul 19, 2021.

IPO Open DateJul 7, 2021
IPO Close DateJul 9, 2021
Basis of Allotment DateJul 14, 2021
Initiation of RefundsJul 15, 2021
Credit of Shares to Demat AccountJul 16, 2021
IPO Listing DateJul 19, 2021

Clean Science IPO Promoter Holding:

Pre Issue Share Holding94.66%
Post Issue Share Holding78.51%

Clean Science IPO Prospectus:

Clean Science IPO Listing Date:

Listing DateMonday, July 19, 2021
BSE Script Code543318
NSE SymbolCLEAN
Listing InB Group of Securities
ISININE227W01023
IPO Price₹900 per equity share
Face Value₹1 per equity share

Clean Science IPO Registrar:

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai – 400083

Phone: +91-22-4918 6270
Email: cleanscience.ipo@linkintime.co.in
Websitehttp://www.linkintime.co.in

Clean Science IPO Details:

IPO Opening DateJul 7, 2021
IPO Closing DateJul 9, 2021
Issue TypeBook Built Issue IPO
Face Value₹1 per equity share
IPO Price₹880 to ₹900 per equity share
Market Lot16 Shares
Min Order Quantity16 Shares
Listing AtBSE, NSE
Issue Size[.] Eq Shares of ₹1
(aggregating up to ₹1,546.62 Cr)
Offer for Sale[.] Eq Shares of ₹1
(aggregating up to ₹1,546.62 Cr)

Clean Science IPO Lot Size:

The Clean Science IPO market lot size is 16 shares. A retail-individual investor can apply for up to 13 lots (208 shares or ₹187,200).

ApplicationLotsSharesAmount (Cut-off)
Minimum116₹14,400
Maximum13208₹187,200

Clean Science IPO Subscription Status:

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

Listing Day Trading Information:

IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹900.00
₹1,784.40
₹1,555.05
₹1,784.40
₹1,585.20
1,087,103
NSE
₹900.00
₹1,755.00
₹1,555.05
₹1,770.65
₹1,585.25
13,548,172

Company Contact Information:

Clean Science and Technology Ltd
Office No. 503, Pentagon Tower P-4
Magarpatta City, Hadapsar, Pune 411 013

Phone: +91 20 26899953
Email: compliance@cleanscience.co.in
Websitehttp://www.cleanscience.co.in/

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