Clean Science and Technology was incrporated on November 7, 2003. the company manufactures functionally critical specialty chemicals such as Performance Chemicals, Pharmaceutical Intermediates, and FMCG Chemicals
| Bidding Dates |
|---|
| 07 Jul 2021 - 09 Jul 2021 |
| Subscription |
|---|
| 93.41x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,400 | 1 | 13 | 16 | 17.2 M | ₹880 - ₹900 | 83.82 % | ₹15122.5 M - ₹15466.2 M | RHP DOC |
Clean Science IPO SUBSCRIPTION STATUS
09 Jul '21Clean Science IPO overall subscription rate was 93.41 times the total available shares
Clean Science IPO retail subscription rate was 9 times in the retail segment
Clean Science IPO non-institutional investor subscription rate was 206.43 times in the non-institutional investor category
Clean Science IPO Qualified Institutional Bidder subscription rate was 156.37 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
09 Jul 2021 (Day 3) | 9x | 206.43x | 156.37x |
08 Jul 2021 (Day 2) | 5.43x | 4.51x | 2.12x |
07 Jul 2021 (Day 1) | 2.48x | 2.15x | 0.01x |
Clean Science FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) | Margins |
| FY21 | 1,983.8 | 5,124.3 | 1,928.5 | 1,088.6 | 55.5% |
| FY20 | 1,396.3 | 4,193.0 | 1,601.0 | 1,098.2 | 46.8% |
| FY19 | 976.6 | 3,932.7 | 847.4 | 459.5 | 37.5% |
Clean Science IPO SUBSCRIPTION STATUS DETAILS
Clean Science had 17.2 M shares on offer
Clean Science IPO offer price was in the range ₹880 - ₹900
Clean Science IPO minimum Investment was ₹14400
Clean Science IPO issue size was ₹ 15122.5 M - ₹ 15466.2 M
Clean Science had a minimum lot size of 16 Shares per application
Clean Science NUMBER OF SHARES ON OFFER
Clean Science IPO IMPORTANT DATES
| Issue Open Date | 07 Jul 2021 |
| Issue close Date | 09 Jul 2021 |
| Allotment Date | 15 Jul 2021 |
| Refund Date | 16 Jul 2021 |
| Demat Account Credit Date | 19 Jul 2021 |
| Listing Date | 19 Jul 2021 |
| Listing on Exchange(s) | NSE and BSE |
| Clean Science Allotment Status | Exchange |
Clean Science IPO subscription opened on 07 Jul 2021, and closed on 09 Jul 2021
IPO allotment for Clean Science was finalized on Thursday, 15 Jul 2021
IPO listing for Clean Science was on NSE and BSE on Monday, 19 Jul 2021
Clean Science IPO LISTING GAINS
| Issue Price (adjusted) | 900.0 |
| Listing Open Price | 1784.4 |
| Listing Close Price | 1585.2 |
| Listing Gain% | 98.3% |
| Current Gain% | -11.7% |
Clean Science Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Clean Science & Technology Ltd. | 795.2 | 8446 | 36.3 | -2.7 | 8.6 | 14.5 | 12.9 | 989.1 | -1.6 | 229.7 | -13.1 | 21.9 | -13.3 |
| Pidilite Industries Ltd. | 1660 | 168953.2 | 63.8 | 3 | 11 | 22.6 | 15.9 | 14867 | 11.1 | 2448.9 | 17.9 | 26 | 21.4 |
| SRF Ltd. | 2615 | 77515.1 | 35.9 | 0.7 | 4.6 | 13.1 | 7.6 | 15893.6 | 7.2 | 1835.2 | 46.7 | 72.9 | 51.1 |
| Gujarat Fluorochemicals Ltd. | 4518.1 | 49631.3 | 85.9 | 14.7 | 9.9 | 7.3 | 4.9 | 5038 | 3.8 | 578 | 5.8 | 52.6 | 5.9 |
| Himadri Speciality Chemical Ltd. | 752.6 | 37975.8 | 47.5 | 1.6 | 7.6 | 16 | 11.9 | 4832 | 3.6 | 751.3 | 35.2 | 15.8 | 30 |
| Aether Industries Ltd. | 1591.6 | 21122.5 | 89.8 | 2.6 | 17.3 | 8.9 | 6.8 | 1181.1 | 34.2 | 219.5 | 38.5 | 17.7 | 34 |
Clean Science INFORMATION ON IPO ISSUE
About Clean Science
Clean Science and Technology was incrporated on November 7, 2003. the company manufactures functionally critical specialty chemicals such as Performance Chemicals, Pharmaceutical Intermediates, and FMCG Chemicals
Object of the Issue
1. To make an offer for sale of equity shares aggregating to Rs. 1,5466.22 million.
2. To achieve the share listing benefits on the BSE and NSE.
Clean Science - PROMOTERS
| Name |
|---|
| Ashok Ramnarayan Boob |
| Krishnakumar Ramnarayan Boob |
| Siddhartha Ashok Sikchi |
| Parth Ashok Maheshwari |
Clean Science Book Running Lead Managers
Axis Capital Limited
cleanscience.ipo@axiscap.in
JM Financial Limited
cleanscience.ipo@jmfl.com
Kotak Mahindra Capital Company Limited
cleanscience.ipo@kotak.com
Clean Science Registrar to the Offer
Link Intime India Private Limited
cleanscience.ipo@linkintime.co.in
Clean Science Strengths
Globally leading supplier
Globally leading supplier of certain chemicals; Ansole, 4-MAP, MEHQ, BHA, DCC, etc
Strategically located
Strategically located manufacturing facility with close proximity to JNPT port to export products
Financial performance
Consistent track record of financial performance
Global Presence
International presence with export to several countries i.e. China, USA, Korea, Japan, Taiwan, etc
Clean Science Risks
Patent
None of the company's catalytic processes are patented and the intellectual property may not be adequately protected
No long-term agreements with the customers
The company does not enter into long-term agreements with the majority of its customers
Outstanding litigation
There are outstanding litigation proceedings against the company and directors. A
IPO FAQs
This IPO consists of an offer for sale of up to Rs 1,546.6 crore, of 17,184,667 shares.
The promoters of the company are Ashok Ramnarayan Boob, Krishnakumar Ramnarayan Boob, Siddhartha Ashok Sikchi and Parth Ashok Maheshwari.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 880.0 - 900.0.
The IPO application opens on Jul 07, 2021 and closes on Jul 09, 2021.
The minimum lot size for the IPO is 16. The maximum lot size for the IPO is 208.
For all category investors, the minimum application amount for this IPO is Rs. 14,400.0, the maximum value for this IPO is Rs 187,200.0.
This IPO will be allotted on Jul 15, 2021.
The refund will be credited to your account on Jul 16, 2021.
The allotted shares will be credited to your demat on Jul 19, 2021.
Clean Science and Technology Ltd.’s shares listed on the stock exchanges on Jul 19, 2021.