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Clean Science and Technology Ltd IPO (Clean Science IPO) Detail

July 7, 2021 - July 9, 2021

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.

Clean Science IPO Details

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

Clean Science IPO Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered8,787,622 (50.00%)NA
NII (HNI) Shares Offered2,636,287 (15.00%)
Retail Shares Offered6,151,336 (35.00%)384,458
Total Shares Offered17,575,245 (100%)

Clean Science IPO Timeline (Tentative Schedule)

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

Clean Science IPO Lot Size

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

Clean Science IPO Promoter Holding

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%

About Clean Science and Technology Ltd

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

  • 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.

Company Financials

Summary of financial Information (Restated Consolidated)
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

Objects of the Issue (Clean Science IPO Objectives)

  • 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.

Clean Science IPO Review (May apply)

[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...

Clean Science IPO Subscription Status (Bidding Detail)

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

CategorySubscription (times)

Clean Science IPO Prospectus

Clean Science IPO Rating

Rating:Rated 4.2 stars
Vote Here ...

Clean Science IPO Listing Details

Listing Date July 19, 2021
BSE Script Code 543318
ISIN INE227W01023
Final Issue Price ₹900 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Clean Science and Technology Ltd Contact Details

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 Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Clean Science IPO - Buy or Not

Clean Science IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 15 2 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

Clean Science IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Clean Science IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

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.

The Clean Science IPO listing date is on July 19, 2021.
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Clean Science IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



774. zubair n |   Link |  Bookmark |August 18, 2021 12:59:15 PM
I applied Throuht Axis bank UPI bt my amount is still blocked, can anyone help me
773. arunARUN |   Link |  Bookmark |August 11, 2021 8:29:07 AM
IPO Guru IPO Guru (1900+ Posts, 1600+ Likes)
Counter losing interest. Looks like that it is time to book IPO profits and reenter later
772. Pavan Venkatesh |   Link |  Bookmark |August 10, 2021 12:47:44 PM
Hey Gurus, clean science results are decent but it is falling for 2 days. Can we hold it for long term or exit? I got allotment in IPO. Please give your opinion.
772.1. OptimusPrime |   Link |  Bookmark |August 11, 2021 1:12:02 AM
All the IPO shares are being beaten down right now. If you''re holding this because you believe in the business, and then don''t worry, irrespective of the stock movement, they''re doing pretty well right now.
771. Maheshji |   Link |  Bookmark |August 3, 2021 11:15:31 AM
My best wishes for all..
Gmp is about 90-100
Hope it''ll improve
771.1. Maheshji |   Link |  Bookmark |August 3, 2021 11:18:49 AM
Sorry by mistake i posted here
I am talking about Glenmark life sciences...
770. Gaurav DD dimer |   Link |  Bookmark |July 24, 2021 12:09:47 AM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
If i have to sell 1 ipo due to funds needs

Which one to go first?

Gr infra
Clean science
770.1. ravi the cool boy |   Link |  Bookmark |July 24, 2021 11:21:24 AM
i think only with zomato
770.2. Anil Patidar Patel |   Link |  Bookmark |July 28, 2021 7:26:53 PM
769. Axcy |   Link |  Bookmark |July 28, 2021 2:35:19 PM
Still my bid amount is blocked against the CSTL IPO.
768. Lakshmi Narayanan P. V |   Link |  Bookmark |July 23, 2021 10:43:07 AM
Hi, I am new to this forum. Can anyone tell me the holding price for this share?
767. The BuLLz EyE |   Link |  Bookmark |July 19, 2021 10:03:20 AM
IPO Mentor IPO Mentor (800+ Posts, 1100+ Likes)
hold it
this is a gem in portfolio
767.2. My IPO application |   Link |  Bookmark |July 21, 2021 10:43:24 PM
Yes @BuLLz EyE I''m holding the shares...
767.3. JIgar A |   Link |  Bookmark |July 21, 2021 11:09:04 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Yes, hold it
766. Chem cho |   Link |  Bookmark |July 20, 2021 10:18:08 AM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
WAS buy @ Rs 1556 -1575 on listing day ,
Many of my freinds brought the stock
in whatapp group
still you can buy consulting your financial advisor
766.3. Roxpatel |   Link |  Bookmark |July 23, 2021 8:31:47 AM
IPO Mentor IPO Mentor (600+ Posts, 700+ Likes)
I was little late, got chance to get it at 1600
766.4. Msharma |   Link |  Bookmark |July 23, 2021 8:40:59 AM
No allotment, however bought it from mkt
765. My IPO application |   Link |  Bookmark |July 20, 2021 11:10:33 PM
Guys as I said before listing I''m holding the stock you can check my previous messages as I suggested....

764. Rafiq |   Link |  Bookmark |July 15, 2021 10:11:28 AM
Top Contributor Top Contributor (400+ Posts, 400+ Likes)
0/3 in clean science but got 1/3 in GK Infra.
764.1. PearlRohit |   Link |  Bookmark |July 15, 2021 10:34:21 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
764.2. Umair |   Link |  Bookmark |July 20, 2021 10:03:43 PM
Are you applied 3 lot in one demat account or from 3 different demat account applied in clean science and G R Infra IPO?
763. Cautious ipo |   Link |  Bookmark |July 20, 2021 10:44:46 AM
IPO Guru IPO Guru (1900+ Posts, 1100+ Likes)
Clean all set for upper circuit today buy immediately...never seen again below 1700 IMO....
Not a adviser but Consult your mental adviser before as well as financial adviser too
763.1. JAY LAMBA |   Link |  Bookmark |July 20, 2021 11:03:07 AM
Loved the advise 😂
763.2. Gauravg |   Link |  Bookmark |July 20, 2021 5:31:36 PM
Are bhai kal bol raha tha sell clean buy gr. Avoid bol raha hai upper circuit?? Apparently gyan apne pas rakho
762. girishkumarj |   Link |  Bookmark |July 20, 2021 10:59:39 AM
On a falling market, sell the strength of this company. People who understand the value of the company uses this opportunity to accumulate this gem. Very shortly you can see this stock at Rs 2000 and by next Q3 results it would be Rs 2500
762.1. girishkumarj |   Link |  Bookmark |July 20, 2021 3:23:25 PM
See my msg that i have given in the morning. and today 10% up on the clean science. Very short term it will move to Rs 2000.
761. zubair n |   Link |  Bookmark |July 20, 2021 2:05:02 PM
I applied Throuht Axis bank UPI bt my amount is still blocked, can anyone help me
760. stalingard |   Link |  Bookmark |July 17, 2021 9:57:16 AM
AXIS Bank - holders who applied for Clean Science IPO and the fund hasnt been released?
760.2. Dharmesh Vekariya |   Link |  Bookmark |July 19, 2021 7:22:54 PM
G r infra fund not release using axis bhim
760.3. zubair n |   Link |  Bookmark |July 20, 2021 2:02:52 PM
Still my amount is blocked, can any one help me
759. PARMOD KUMAR |   Link |  Bookmark |July 20, 2021 1:56:16 PM
I have been allotted 1 lot of clean science . Amount deducted but still not credited in demat account . Plz tell what to do now
Contact etc . Plz tell appropriate way
758. Ramachandra |   Link |  Bookmark |July 20, 2021 11:42:35 AM
hold clean
757. Ramachandra |   Link |  Bookmark |July 20, 2021 8:51:05 AM
Clean Science is like blank cheque
757.1. Monster Zero |   Link |  Bookmark |July 20, 2021 10:08:50 AM
IPO Guru IPO Guru (3100+ Posts, 2800+ Likes)
That stays in the cheque booklet with other cheque''s...
757.2. Cautious ipo |   Link |  Bookmark |July 20, 2021 10:56:33 AM
IPO Guru IPO Guru (1900+ Posts, 1100+ Likes)
Tomorrow 2000 ??
756. rohan sharma |   Link |  Bookmark |July 19, 2021 9:52:14 AM
Sold in pre market at 1755 , booked 95% listing gain , amazing , 21 din ki wajah 7 din me paisa double hahaha
756.8. rohan sharma |   Link |  Bookmark |July 20, 2021 7:17:09 AM
@Hiren why are you taking your fathers name in a public forum 😂
756.9. rohan sharma |   Link |  Bookmark |July 20, 2021 7:22:32 AM
@Rabby no it is not shown in brokers app , it is shown on nse and bse websites , seach - "new listing NSE" on google click on first link there you can see the new listings on that day , click on the name of company .
755. Eagleye |   Link |  Bookmark |July 17, 2021 9:35:57 PM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)

CLEAN Science = DO NOT SELL @9:45am
755.6. VSPATEL |   Link |  Bookmark |July 18, 2021 2:40:31 PM
blank price means ?
755.7. Gauravg |   Link |  Bookmark |July 20, 2021 12:48:27 AM
Are fas gaye nahi beck ke 200 rs niche aa gaya, 9.45 me 1750 ke upar ja raha tha....