Clean Science IPO Details
Clean Science IPO description – Clean Science and Technology is among the few companies globally focused entirely on developing newer technologies using in-house catalytic processes, enabling it to emerge as the largest manufacturer of certain specialty chemicals in terms of manufacturing capacities. The company manufactures functionally critical specialty chemicals such as Performance Chemicals (i.e. MEHQ, BHA and AP), Pharmaceutical Intermediates (i.e. Guaiacol and DCC), and FMCG Chemicals (i.e. 4-MAP and Anisole).
As of 31 December 2020, it was the largest manufacturer globally of MEHQ, BHA, Anisole and 4-MAP, in terms of manufacturing capacities. Most of its production processes are either zero liquid discharge or release only water as discharge. In FY2020 and in the nine months ended 31 December 2020, exports represented 68.8% and 65.4% of its total revenue from operations, respectively.
Its products are used as key starting level materials, as inhibitors, or as additives, for products sold in regulated markets. Its major customers include Bayer AG, SRF Limited, Gennex Laboratories Limited, Nutriad International NV and Vinati Organics Limited.
Promoters of Clean Science and Technology – Ashok Ramnarayan Boob, Krishnakumar Ramnarayan Boob, Siddhartha Ashok Sikchi and Parth Ashok Maheshwari
| Clean Science and Technology IPO details | |
| Subscription Dates | 7 – 9 July 2021 |
| Price Band | INR880 – 900 per share |
| Fresh issue | Nil |
| Offer For Sale | INR1,546.6 crore |
| Total IPO size | INR1,546.6 crore |
| Minimum bid (lot size) | 16 shares |
| Face Value | INR1 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Clean Science's financial Performance (in INR crore)
| Â | FY2018 | FY2019 | FY2020 | FY2021 |
| Revenue | 247.2 | 404.6 | 430.2 | 538.1 |
| Expenses | 177.0 | 268.0 | 247.8 | 270.8 |
| Comprehensive income | 49.0 | 97.0 | 134.5 | 201.0 |
| Margin (%) | 19.8 | 24.0 | 31.3 | 37.3 |
Registrar of Clean Science IPO
Link Intime India Private Limited
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website:Â http://www.linkintime.co.in
Clean Science Contact Details
Clean Science and Technology Limited
Office No. 503, Pentagon Tower P-4,
Magarpatta City, Hadapsar,
Pune 411 013 Maharashtra
Phone: +91 20 26899953
Email: [email protected]
Website:Â www.cleanscience.co.in
Valuation of Clean Science (as of FY2021)
Earnings Per Share (EPS): INR18.68
Price/Earnings (PE ratio): 47.11 – 48.18
Return on Net Worth (RONW): 36.76%
Net Asset Value (NAV): INR50.81 per share
Clean Science IPO Subscription Details
| Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
| Day 1 | Day 2 | Day 3 | ||
| QIB | 35,15,049 | 0.00 | 2.12 | 156.38 |
| NII | 26,36,287 | 2.15 | 4.51 | 206.43 |
| Retail | 61,51,336 | 2.48 | 5.42 | 9.00 |
| Â | Â | Â | Â | Â |
| Total | 1,23,02,672 | 1.70 | 4.28 | 93.41 |
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Clean Science IPO Allotment Status
Clean Science and Technology IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Listing Performance of Clean Science and Technology
IPO Opening Date: 7 July 2021
IPO Closing Date: 9 July 2021
Finalisation of Basis of Allotment: 14 July 2021
Initiation of refunds: 15 July 2021
Transfer of shares to demat accounts: 16 July 2021
Listing Date: 19 July 2021
Opening Price on NSE: INR1,755 per share (up 95% from IPO price)
Closing Price on NSE: INR1,585.25 per share (up 76.14% from IPO price)
