Clean Science and Technology Limited IPO – July 7 to 9

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Clean Science and Technology Limited IPO – July 7 to 9

July 05, 2021
Clean Science and Technology Limited IPO – July 7 to 9

Clean Science and Technology Limited is coming out with a fresh public issue to raise Rs 1,546.62 crores from the market.

Key details of the issue:

  • Issue opens – July 7 (Wednesday)
  • Issue closes – July 9 (Friday)
  • Issue size – Rs 1,546.62 crores
  • Price band – Rs 880 to 900 per equity share
  • Bid lot – 16 shares and in multiples thereof

And here are some details of the company and further details on the Clean Science and Technology Limited issue.

Company details:

Clean Science and Technology Limited is among the few companies globally focused entirely on developing newer technologies using in-house catalytic processes, which are eco-friendly and cost competitive (Source: F&S Reports). This has enabled the company to emerge as the largest manufacturer globally of certain specialty chemicals in terms of installed manufacturing capacities as of March 31, 2021 (Source: F&S Reports). Some of these technologies have been developed and commercialised for the first time across the globe (Source: F&S Reports).

The company 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). Within 17 years of incorporation, the company has grown to be the largest manufacturer globally of MEHQ, BHA, Anisole and 4-MAP, in terms of installed manufacturing capacities as of March 31, 2021 (Source: F&S Reports).

The company's specialty chemicals has a wide range of applications that cater to a diverse base of customers across industries. Its customers 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.

The company's products are used as key starting level materials, as inhibitors or additives, for products sold in regulated markets. Key customers include Bayer AG, SRF Limited, Gennex Laboratories Limited, Nutriad International NV and Vinati Organics Limited.

The company has two certified production facilities in India strategically located at Kurkumbh (Maharashtra), in close proximity to the JNPT port from where it exports a majority of their products. Each facility has an on-site R&D unit, quality control department, warehouse, and effluent treatment system that treats effluents, to make the facilities zero-liquid-discharge facilities.

Issue size: Rs 1,546.62 crores

Issue break-up:

  • QIB – 50% of the offer – Rs 773.31 crores
  • NIB – 15% of the offer – Rs 231.99 crores
  • RET – 35% of the offer – Rs 541.32 crores

Listing: NSE and BSE

Registrar: Link Intime India Private Limited

UPI: All retail applications through brokers are compulsorily in UPI mode

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