Clean Science LTD IPO is all set to make a debut in the stock market with an issue size of 1546.62 Cr. Clean Science and Technology Limited is one of the leading chemical manufacturers globally. It manufactures functionally critical specialty chemicals such as Performance Chemicals.
Clean Science LTD IPO -Overview
| Clean Science and Technology Limited IPO Issue Date | 7-9 July 2021 |
| Clean Science and Technology Limited IPO Opening Date | 7 July 2021 |
| Clean Science and Technology Limited IPO Face Value | INR 1 per share |
| Clean Science and Technology Limited IPO Price | INR 900 per share |
| Clean Science and Technology Limited IPO Lot Size | 16 Shares |
| Issue Size | 1546.62 Cr |
| Offer for sale | 1546.62 Cr |
| Issue Type | Book built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | 156.37 times |
| NII (HNI) Shares | 206.43 times |
| Company Promoters | Ashok Ramnarayan Boob, Krishnakumar Ramnarayan Boob, Siddhartha Ashok Sikchi, and Parth Ashok Maheshwari are the company promoters. |
Clean Science LTD IPO -Tentative Dates
| Clean Science and Technology Limited IPO opening date | 7 July 2021 |
| Clean Science and Technology Limited IPO closing date | 9 July 2021 |
| Basis of Allotment | 14 July 2021 |
| Initiation of Refunds | 15 July 2021 |
| The credit of Shares to Demat | 16 July 2021 |
| Clean Science and Technology Limited IPO Listing Date | 19 July 2021 |
Clean Science LTD IPO – Industry Overview.
The current demand in India for SAP is approximately 37 KT. 100% of the demand is met by imports due to the absence of local producers. The demand for SAP in India is expected to grow by about 11 -12% between 2019 and 2025. Super absorbent polymers are essential in producing numerous hygiene products such as infant diapers, feminine products, and adult incontinence products that require high absorbency and material strength and are lightweight. Additionally, SAPs are used in a variety of industrial applications for the treatment of contaminated water, oil and fuel spill removal, and soil stabilization. Growth in demand for super absorbent polymers would be driven by the performance of the above thrust areas.
Clean Science LTD IPO – Company Overview
Clean Science and Technology is among the few companies globally focused entirely on developing newer technologies using in-house catalytic processes, which are eco-friendly and cost competitive. This has enabled us to emerge as the largest manufacturer globally of certain specialty chemicals in terms of manufacturing capacities as of December 31, 2020. Some of these technologies have been developed and commercialized for the first time globally. They continued focus on product identification, process innovation, catalyst development, the significant scale of operations as well as they measure towards strategic backward integration have all contributed to the success as one of the fastest growing and among the most profitable specialty chemical companies globally.
Clean Science LTD IPO -Objectives
- To make an offer for the sale of equity shares aggregating to Rs. 1,5466.22 million.
- To achieve the share listing benefits on the BSE and NSE.
Clean Science LTD IPO – Financial Statements
| Particulars | 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 |
Clean Science LTD IPO – Strengths
- Globally leading supplier of certain chemicals; Ansole, 4-MAP, MEHQ, BHA, DCC.
- Strategically located manufacturing facility with 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.
Clean Science LTD IPO – Weakness
- High dependency on constantly designing catalytic processes for cost-efficiencies and R&D improvements.
- Pending legal proceedings against the company and its directors.
- Competitive market.
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 Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: cleanscience.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Clean Science IPO Lead Manager(s)
- Axis Capital Limited (Past IPO Performance)
- JM Financial Limited (Past IPO Performance)
- Kotak Mahindra Capital Company Limited (Past IPO Performance)
