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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 | ||
| IPO Date | Jul 7, 2021 to Jul 9, 2021 |
| Listing Date | Monday, July 19, 2021 |
| Face Value | ₹1 per share |
| Price | ₹880 to ₹900 per share |
| Lot Size | 16 Shares |
| Issue Size | [.] shares of ₹1 (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 |
| Company Promoters | Ashok Ramnarayan Boob, Krishnakumar Ramnarayan Boob, Siddhartha Ashok Sikchi, and Parth Ashok Maheshwari are the company promoters. |
Clean Science IPO opens on Jul 7, 2021, and closes on Jul 9, 2021. The Clean Science IPO bid date is from Jul 7, 2021 10.00 A.M. to Jul 9, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Jul 7, 2021 |
| Closing Date | Jul 9, 2021 |
| Basis of Allotment | Jul 14, 2021 |
| Initiation of Refunds | Jul 15, 2021 |
| Credit of Shares to Demat | Jul 16, 2021 |
| Listing Date | Jul 19, 2021 |
The Clean Science IPO lot size is 16 shares. A retail-individual investor can apply for up to 13 lots (208 shares or ₹187,200).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 16 | ₹14,400 |
| Retail (Max) | 13 | 208 | ₹187,200 |
| Pre Issue Share Holding | 94.66% |
| Post Issue Share Holding | 78.51% |
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 Jul 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 | Monday, July 19, 2021 |
| BSE Script Code | 543318 |
| NSE Symbol | CLEAN |
| Listing In | B Group of Securities |
| ISIN | INE227W01023 |
| IPO Price | ₹900 per share |
| Face Value | ₹1 per share |
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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/
| Review By | Subscribe | Neutral | Avoid |
|---|---|---|---|
| Brokers | 15 | 2 | 0 |
| Members | 0 | 0 | 0 |
IPO Broker Recommendations
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 Jul 7, 2021, and closes on Jul 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 Jul 7, 2021 and closes on Jul 9, 2021.
Clean Science IPO lot size is 16 Shares and the minimum order quantity is .
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 Jul 14, 2021, and the allotted shares will be credited to your demat account by Jul 16, 2021. Check the Clean Science IPO allotment status.
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