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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.
IPO Details
|
IPO Opening Date |
July 7, 2021 |
|
IPO Closing Date |
July 9, 2021 |
|
Issue Type |
Book Built Issue IPO |
|
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 |
NSE, BSE |
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.
· International presence with export to several countries i.e. China, USA, Korea, Japan, Taiwan, etc.
· Consistent track record of financial performance.
Financials of Clean Science IPO:
|
Particulars (in Million) |
Mar-21 |
Mar-20 |
Mar-19 |
|
Revenue |
5124 |
4193 |
3932 |
|
Cost of materials consumed |
1378 |
1279 |
1786 |
|
Changes in inventories |
-142 |
12 |
-73 |
|
Employee benefits expenses |
435 |
310 |
248 |
|
Other expenses |
863 |
737 |
608 |
|
OPM |
2590 |
1855 |
1363 |
|
OPM% |
50.55% |
44.24% |
34.66% |
|
Other Income |
256 |
108 |
112 |
|
Finance costs |
0.91 |
0.06 |
1.21 |
|
Depreciation |
172 |
137 |
110 |
|
Profit before tax |
2673 |
1823 |
1365 |
|
Total tax expenses |
689 |
426 |
388 |
|
Profit After tax |
1983 |
1396 |
976 |
|
EPS |
18.68 |
13.15 |
9.19 |
Company Promoters
Ashok Ramnarayan Boob, Krishnakumar Ramnarayan Boob, Siddhartha Ashok Sikchi, and Parth Ashok Maheshwari are the company promoters.
IPO Lot Size
The Clean Science IPO market lot size is 16 shares. A retail-individual investor can apply for up to 13 lots (208 shares or ₹187,200).
Application | Lots | Shares | Amount (Cut-off) |
Minimum | 1 | 16 | 14,400 |
Maximum | 13 | 208 | 187,200 |
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