Launched in 2003, Clean Science and Technology Ltd is one of the world’s leading chemical manufacturers. It produces specialty active 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 its manufacturers and distributors in India and overseas markets namely China, Europe, USA, Korea, Taiwan and Japan. Bayer AG, Genex Laboratories Limited, Nutriad International NV, SRF Limited, Vinati Organics with its few customers. By 2020 fiscal year, it generated 69% of its revenue by exporting to India.
Clean Science has two production centers in Kurkumbh (Maharashtra) with a combined production capacity of 29,900 MTPA as of December 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 Promoters
Ashok Ramnarayan Boob, Krishnakumar Ramnarayan Boob, Siddhartha Ashok Sikchi, and Parth Ashok Maheshwari are the company promoters.
Company Financials
| Particulars | For the year/period ended (₹ in million) | ||
|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 5,711.85 | 4,298.79 | 3,274.73 |
| Total Revenue | 3,984.64 | 4,301.65 | 4,045.63 |
| Profit After Tax | 1,452.65 | 1,396.31 | 976.58 |
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.
Clean Science IPO Details
| IPO Opening Date | July 07, 2021 |
| IPO Closing Date | July 09, 2021 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1546.62 Cr |
| Face Value | ₹1 per equity share |
| IPO Price | [880] to [900] per equity share |
| Market Lot | 16 Shares |
| Min Order Quantity | 16 Shares |
| Listing At | BSE SME |
| Total Share Issue | 1,15,08,704 Equity Share |
| Register | Linkintime |
Clean Science IPO – Timetable
| IPO Open Date | Jul 07, 2021 |
| IPO Close Date | Jul 09, 2021 |
| Basis of Allotment Date | Jul 14, 2021 |
| Initiation of Refunds | Jul 15, 2021 |
| Credit of Shares to Demat Account | Jul 16, 2021 |
| IPO Listing Date | Jul 19, 2021 |
Clean Science IPO Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 16 | 14,400 |
| Maximum | 13 | 208 | 1,87,200 |
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 FAQs
| What is Clean Science IPO? Clean Science IPO is a main-board IPO of [1,15,08,704] equity shares of the face value of ₹1 aggregating up to ₹1,546.62 Crores. The issue is priced at ₹880 to ₹900 per equity 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. |
| When Clean Science IPO will open? Clean Science IPO lot size is 16 Shares and the minimum order quantity is 16 Shares. |
| What is the lot size of Clean Science IPO? The Clean Science IPO opens on Jul 7, 2021 and closes on Jul 9, 2021. |
| How to apply for Clean Science IPO? 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. |
| When is Clean Science IPO listing date? The Clean Science IPO listing date is announced. The date of Clean Science IPO listing is JULY 19, 2021. |
