Clean Science IPO

Clean Science IPO Details and analysis

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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 nameClean Science and Technology Limited

Dates to remember

IPO Open07 July 2021
IPO Close09 July 2021
Basis of Allotment14 July 2021
Refunds date15 July 2021
Credit to Demat Account16 July 2021
 Listing Date19 July 2021

IPO details

Issue typeBook Building
IPO issue size₹1,546.62 Crore
Face value₹1 Per Equity Share
Price band₹880 to ₹900 per equity share
Retail Allocation35%
Lot size16 Shares
Minimum application1 Lot16 Shares
Maximum application13 Lots-208 shares
Minimum application amount₹14,400
Maximum application amount₹187,200
Listing ExchangeBSE & NSE

Company Financials

ParticularsFor the year/period ended (₹ in million)
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 (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

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

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

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