Clean Science and Technology Ltd is Incorporated in 2003, Company 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.
Clean Science and Technology Ltd IPO Tentative Timetable
| Particular | Date |
| IPO Open Date | 7 July 2021 |
| IPO Close Date | 9 July 2021 |
| Allotment Date | 14 July 2021 |
| IPO Listing Date | 19 July 2021 |
Clean Science and Technology Ltd IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 1 Per Equity Share |
| IPO Price | Rs. 880 to Rs. 900 Per Equity Share |
| Market Lot | 16 Share |
| NSE Symbol | |
| BSE Symbol | |
| ISIN Code | |
| Listing At | NSE, & BSE |
| Issue Size | Approx. Rs. 1547 Crore. |
Clean Science and Technology Ltd IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 16 | Rs. 14400 |
| Maximum | 13 | 208 | Rs. 187200 |
Clean Science and Technology Ltd IPO Allotment Status
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Company Financials:
| Particular | 31 March 2021 | 31 March 2020 | 31 March 2019 |
| Total Assets | 6599.17 | 4298.79 | 3274.73 |
| Total Revenue | 5380.71 | 4301.65 | 4045.63 |
| Profit After Tax | 1983.80 | 1396.31 | 976.58 |
Company Promoters:
Ashok Ramnarayan Boob, Krishnakumar Ramnarayan Boob, Siddhartha Ashok Sikchi, and Parth Ashok Maheshwari are the company promoters.
Objects of this Issue:
The net IPO proceeds will be used for the following purposes;
- 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.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| 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 C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 Phone: +91-22-4918 6270 Email: cleanscience.ipo@linkintime.co.in Website: http://www.linkintime.co.in |
