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Clean Science IPO is a book built issue of Rs 1,546.62 crores. The issue is entirely an offer for sale.
Clean Science IPO bidding started from July 7, 2021 and ended on July 9, 2021. The allotment for Clean Science IPO was finalized on Wednesday, July 14, 2021. The shares got listed on BSE, NSE on July 19, 2021.
Clean Science IPO price band is set at ₹880 to ₹900 per share. The minimum lot size for an application is 16 Shares. The minimum amount of investment required by retail investors is ₹14,400.
Axis Capital Limited, Jm Financial Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Clean Science IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Clean Science IPO RHP for detailed information.
IPO Date | July 7, 2021 to July 9, 2021 |
Listing Date | July 19, 2021 |
Face Value | ₹1 per share |
Price Band | ₹880 to ₹900 per share |
Lot Size | 16 Shares |
Total Issue Size | [.] shares (aggregating up to ₹1,546.62 Cr) |
Offer for Sale | [.] shares of ₹1 (aggregating up to ₹1,546.62 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 106,218,960 |
Share holding post issue | 106,218,960 |
Clean Science IPO offers 17,575,245 shares. 8,787,622 (50.00%) to QIB, 2,636,287 (15.00%) to NII, 6,151,336 (35.00%) to RII. 384,458 RIIs will receive minimum 16 shares and (sNII) and (bNII) will receive minimum 224 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 8,787,622 (50.00%) | NA |
NII (HNI) Shares Offered | 2,636,287 (15.00%) | |
Retail Shares Offered | 6,151,336 (35.00%) | 384,458 |
Total Shares Offered | 17,575,245 (100%) |
Clean Science IPO opens on July 7, 2021, and closes on July 9, 2021.
IPO Open Date | Wednesday, July 7, 2021 |
IPO Close Date | Friday, July 9, 2021 |
Basis of Allotment | Wednesday, July 14, 2021 |
Initiation of Refunds | Thursday, July 15, 2021 |
Credit of Shares to Demat | Friday, July 16, 2021 |
Listing Date | Monday, July 19, 2021 |
Cut-off time for UPI mandate confirmation | 5 PM on July 9, 2021 |
Investors can bid for a minimum of 16 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 16 | ₹14,400 |
Retail (Max) | 13 | 208 | ₹187,200 |
Lot Size Calculator |
Ashok Ramnarayan Boob, Krishnakumar Ramnarayan Boob, Siddhartha Ashok Sikchi, and Parth Ashok Maheshwari are the company promoters.
Share Holding Pre Issue | 94.66% |
Share Holding Post Issue | 78.51% |
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.
Competitive Strengths
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 |
[Dilip Davda] The issue is fully priced based on financial parameters. The company is milking the bullish sentiment of the secondary market as well as of its niche play. However, considering virtual monopoly in the field of its operations for many products, investment with a long term perspective is recommended. Read detail review...
The Clean Science IPO is subscribed 93.41 times on July 9, 2021 5:01:00 PM. The public issue subscribed 9.00 times in the retail category, 156.37 times in the QIB category, and 206.43 times in the NII category. Check Day by Day Subscription Details (Live Status)
Application Wise IPO Subscription (Retail): 7 times
Category | Subscription (times) |
---|---|
QIB | 156.37 |
NII | 206.43 |
Retail | 9.00 |
Total | 93.41 |
Listing Date | July 19, 2021 |
BSE Script Code | 543318 |
NSE Symbol | CLEAN |
ISIN | INE227W01023 |
Final Issue Price | ₹900 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹900.00 |
₹1,784.40 |
₹1,555.05 |
₹1,784.40 |
₹1,585.20 |
NSE |
---|
₹900.00 |
₹1,755.00 |
₹1,555.05 |
₹1,770.65 |
₹1,585.25 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: cleanscience.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Clean Science IPO is a main-board IPO of [.] equity shares of the face value of ₹1 aggregating up to ₹1,546.62 Crores. The issue is priced at ₹880 to ₹900 per share. The minimum order quantity is 16 Shares.
The IPO opens on July 7, 2021, and closes on July 9, 2021.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Clean Science IPO using UPI as a payment gateway. Zerodha customers can apply in Clean Science IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Clean Science IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Clean Science IPO opens on July 7, 2021 and closes on July 9, 2021.
Clean Science IPO lot size is 16 Shares, and the minimum amount required is ₹14,400.
You can apply in Clean Science IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Clean Science IPO will be done on Wednesday, July 14, 2021, and the allotted shares will be credited to your demat account by Friday, July 16, 2021. Check the Clean Science IPO allotment status.
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