Clean Science IPO will open for subscription from 07 July 2021. the company aims for an issue size of ₹1,546.62 Crore through this IPO.
Also read: IPO List 2021: a complete list of IPOs in 2021
Clean Science and Technology Limited
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.
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.
Competitive Strengths
- Globally leading supplier of certain chemicals; Ansole, 4-MAP, MEHQ, BHA, DCC, etc.
- Strategically located manufacturing facility with close proximity to JNPT port to export products.
- Strong long-term relationship with key customers.
- Consistent track record of financial performance.
- International presence with export to several countries i.e. China, USA, Korea, Japan, Taiwan, etc.
Basic details about the company
| Full name | Clean Science and Technology Limited |
| Sector | Chemicals |
| Industry | Chemicals |
| Company Website | www.cleanscience.co.in |
Dates to remember
| IPO Open | 07 July 2021 |
| IPO Close | 09 July 2021 |
| Basis of Allotment | 14 July 2021 |
| Refunds date | 15 July 2021 |
| Credit to Demat Account | 16 July 2021 |
| Listing Date | 19 July 2021 |
IPO details
| Issue type | Book Building |
| IPO issue size | ₹1,546.62 Crore |
| Face value | ₹1 Per Equity Share |
| Price band | ₹880 to ₹900 per equity share |
| Retail Allocation | 35% |
| Lot size | 16 Shares |
| Minimum application | 1 Lot–16 Shares |
| Maximum application | 13 Lots-208 shares |
| Minimum application amount | ₹14,400 |
| Maximum application amount | ₹187,200 |
| Listing Exchange | BSE & NSE |
Company Financials
| Particulars | For the year/period ended (₹ in million) | ||
|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 6,599.17 | 4,298.79 | 3,274.73 |
| Total Revenue | 5,380.71 | 4,301.65 | 4,045.63 |
| Profit After Tax | 1,983.80 | 1,396.31 | 976.58 |
Clean Science (as of FY2020)
| Earnings Per Share (EPS) | ₹18.68 |
| Price/Earnings (PE ratio) | 47.11 – 48.18 |
| Return on Net Worth (RONW) | 36.76% |
| Net Asset Value (NAV) | ₹50.81 per share |
Company Promoters
- Ashok Ramnarayan Boob
- Krishnakumar Ramnarayan Boob
- Siddhartha Ashok Sikchi
- Parth Ashok Maheshwari
Lead Managers
- Axis Capital Limited
- JM Financial Consultants Private Limited
- Kotak Mahindra Capital Company Limited
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
Website: http://www.linkintime.co.in
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
Website: http://www.cleanscience.co.in/
Clean Science IPO Allotment Status
Clean Science and Technology IPO allotment status will be available on Link Intime’s website.
Click on this link to get allotment status.
Final thoughts
Clean Science IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make a wise decision.
Happy Investing