Clean Science IPO

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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