Clean Science and Technology Ltd | Globe Capital
Clean Science and Technology Ltd
Closed
Price Band
Rs. 880 – 900
IPO Issue Period
Jul 07, 2021 to Jul 09, 2021
Price Band
Rs. 1546.62 Cr.
Issue Size
Rs. 1546.62 Cr.
Face value
1/-
Fresh issue
Rs. 1546.62 Cr.
Offer for sale
NIL
Minimum Shares for Retail
16 shares
Listing on
BSE,NSE
Issue Type
Book Building
Registrar to the Issue
Link Intime India Private Ltd
Tentative Listing Date
Jul 19, 2021
QIB
Not less than 50% of the offer
NII
Not less than 15% of the offer
Retail
Not less than 35% of the offer

Axis Capital Limited, JM Financial Consultants Private Limited, Kotak Mahindra Capital Company Limited

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 is 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. Ashok Ramnarayan Boob, Krishnakumar Ramnarayan Boob, Siddhartha Ashok Sikchi, and Parth Ashok Maheshwari are the company promoters.

For year/ period ended ( in Cr.)

31 Mar 2021 31 Mar 2020 31 Mar 2019
Total Revenue 659.91 429.87 327.47
Profit After Tax 198.38 139.63 97.65
EPS 18.68 13.15 9.19
OPM(%) 40.51 42.41 41.68
PATM(%) 30.06 32.48 29.82
  • The Company is 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.
  • It has strong long-term relationship with key customers.
  • Its consistent track record of financial performance.
  • International presence with export to several countries i.e. China, USA, Korea, Japan, Taiwan, etc.
  • To make an offer for sale of equity shares aggregating to Rs. 1,5466.22 million.
  • To achieve the share listing benefits on the BSE and NSE.

Clean Science and Technology is among the few global companies focused entirely on developing newer technologies using in-house catalytic processes, which are eco-friendly and cost-competitive. It manufactures functionally critical specialty chemicals and FMCG Chemicals. With wide customer base include manufacturers and distributors in India as well as other regulated international markets including China, Europe, the United States of America, Taiwan, Korea, and Japan. Hence, investor can subscribe to the issue for the medium to long-term.

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