Clean Science and Technology IPO

 

Clean Science And Technology Ltd. started as a family-owned company in 2003. They work to create eco-friendly and efficient manufacturing processes of specialty and fine chemicals, distributing to several nations around the globe while staying true to their vision. Clean Science and Technology IPO will hit the market in 2021.

They spend a lot of time designing better catalyst systems that are selective and cost-effective, with the primary goal of devising innovative and clean processes for their materials. ​

Manufacturing

They are proud of their fully automated manufacturing plants in Kurkumbh, MIDC (Maharashtra, India), which ensure high levels of consistency and performance. ​

Their Quality Control department has all of the necessary testing equipment to thoroughly examine incoming, in-process, and finished goods. They provide their valuable clients with uninterrupted supplies, and their clients range from Japan to the United States, making us a truly global business. ​

Mission, Vision & Values

To be the most renowned worldwide chemical business for their innovative processes, performance, dependability, and customer support.

By establishing sustainable and cost-effective procedures, they want to add value to their consumers, stakeholders, and workers.

• Integrity
• Safety
• Excellence
• Innovation

Competitors IPO

In the recent past, customers have rushed to IPOs of specialty chemical substances companies. Rossari Biotech and Chemcon Speciality Chemicals issues were subscribed 79 and 149 times, overall, in the previous year.

The IPOs of Laxmi Organics and Anupam Rasayan were subscribed 107 times and 44 times, respectively, this year. With the exception of Anupam Rasayan, all of the firms had good itemizing day positive attributes.

AWARDS

1. BEST EXPORT AWARD BY CM FADNAVIS AT MAGNETIC MAHARASHTRA SUMMIT – FEB 2018
2. WINNER OF SME ELITE 50 JURY ROUND, CONDUCTED BY ICICI BANK
3. BEST EXPORT PERFORMANCE IN 2016-2017
4. DISTINGUISHED ALUMNUS (ENTREPRENEUR) AWARD – MAY 2014
5. DISTINGUISHED ALUMNUS (ENTREPRENEUR) AWARD – OCTOBER 2009

Financials Trends

Particulars	For the year/period ended ( in Cr.)
	31-Dec-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	571.19	429.88	327.47	236.10
Total Revenue	398.46	430.17	404.56	247.23
Profit After Tax	145.27	139.63	97.66	48.90

Basic and Diluted Earnings Per Share (EPS)

Financial Period	Basic EPS (in INR)	Diluted EPS (in INR)	Weight
Financial Year 2020	13.15	13.15	3
Financial Year 2019	9.19	9.19	2
Financial Year 2018	4.60	4.60	1
Weighted Average	10.41	10.41
(9 months) Dec. 31, 2020	13.68	13.68	–

Clean Science and Technology IPO Issue

Clean Science and Technology, headquartered in Pune has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of INR 1,546.62 cr. on 06 april, 2021.

The Offer doesn’t includes any fresh equity and an offer for sale(OFS) up to Rs. 1,546.62 cr. value equity shares of face value of rs 1 per share, by the promoters.

They got approval from Securities and Exchange Board of India(SEBI) on 10 May, 2021 to float the initial public offering (IPO) in the market.

Objects of the Issue

• Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
• To meet common corporate objectives.

Basis of the offer

• Our constant R&D initiatives have resulted in major process innovation;
• Being one of the world’s largest makers of functionally important specialty chemicals utilized in a wide range of industries and geographies, resulting in a risk-free business model;
• Senior management with deep domain expertise and ability as promoters;
• Relationships with major customers that are strong and long-lasting;
• Automated production plants with established design and commercialization capabilities, as well as a strong focus on environmental health and safety;
• Stable and strong balance sheet.

IPO Details

IPO Opening Date	07 July 2021
IPO Closing Date	09 July 2021
Issue Type	Book Built
Face Value	1 per  share
IPO Price	880 to 900 per equity share
Market Lot	16
Min Order Quantity	16
Listing At	BSE, NSE
Issue Size	1,546.62 cr.
Fresh Issue	0
Offer for Sale	1,546.62 cr.

IPO Tentative Date

Clean Science and Technology IPO open on 07 July 2021, and the close date 09 July 2021. The issue may list in 19 July 2021.

IPO Open Date	07 July 2021
IPO Close Date	09 July 2021
Basis of Allotment Date	14 July 2021
Initiation of Refunds	15 July 2021
Credit of Shares to Demat Account	16 July 2021
IPO Listing Date	19 July 2021

Basis of Allotment

Type	% of Offer	Basis of Allotment
Qualified Institutional Buyer	50	Roughly  equivalent
Non Institutional Investor	15	Roughly  equivalent
Retail	35	Minimum level of 1 lot, based on availability, for every shareholder.

Clean Science and Technology IPO Allotment Status

Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.

Here, you can find the Allotment Status of Clean Science and Technology IPO.

Clean Science IPO GMP (Clean Science and technology IPO GMP)

Clean Science and technology ipo Grey market premium (Clean Science ipo Grey market premium)is as follows and you can check GMP of other IPO as well from links given below:

Date	GMP (in Rs)	Subject to Sauda	Kostak (in Rs)
18 July 2021	615	4400	650
17 July 2021	600	2600	350
16 July 2021	575	2700	450
15 July 2021	545	3500	300
14 July 2021	507	4500	550
13 July 2021	505	2800	350
12 July 2021	515	4500	400
11 July 2021	510	3300	500
10 July 2021	500	2500	450
09 July 2021	535	4200	600
08 July 2021	528	2500	550
07 July 2021	455	3800	650
06 July 2021	470	3500	450
05 July 2021	435	2200	350
04 July 2021	430	1200	500
03 July 2021	450	1800	600
02 July 2021	400	1500	500
01 July 2021	320

Check The GMP Of other IPO

• G R Infraprojects IPO
• Zomato IPO
• Tatva Chintan Pharma Chem IPO

Clean Science and Technology IPO Review

Clean Science and Technology IPO Looks good in first look. Most of the news & articles are suggesting a bumper listing for this IPO. However, It’s best to apply for listing gain & for long term you can reenter after few days for listing. 

These are the major risks in this IPO: 

Clean Science and Technology IPO Risk

• Their operations are relying on their research and development capabilities, and their failure to continue to create catalytic processes might have a negative impact on the business.
• Their intellectual property may not be effectively protected because none of their catalytic methods are patented, which could have a substantial negative effect on the company and performance of operations.
• Their success is dependent on the strength of their client connections. Certain major customers account for a considerable amount of the business, and the loss of one or more of these clients might result in a downturn in their financial situation.
• Their company relies on their manufacturing plants, and their production procedures expose us to significant risks.

Other threat

1. They do not enter into long-term agreements with the majority of their clients, and their failure to do so would have a substantial negative impact on their company, operating performance, and financial condition.
2. They do not have long-term agreements with their raw material suppliers, and a rise in the cost of, or a shortage in the accessibility or grade of these raw materials in a timely or adequate way, might harm their company and results of operations.
3. There are ongoing legal procedures against their company and its executives and directors. Any negative outcome in these actions might harm their image, company, and financial situation.

Clean Science and Technology IPO Brokerage views

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Clean Science and Technology IPO Subscription

Date	Day	QIB	NII	Retail	Employees	Total Subscription
07 July 2021	1	0.01	2.19	2.54	N/A	1.74
08 July 2021	2	2.17	4.61	5.55	N/A	4.38
09 July 2021	3	159.93	211.12	9.2	N/A	95.53

Clean Science and Technology IPO Comparison

S. No.	Company Name	PE
1	Vinati Organics Limited	43.75
2	Fine Organic Industries Limited	41.53
3	Atul Limited	31.04
4	Camlin Fine Sciences Limited	54.82
5	SRF Limited	29.93
6	Navin Flourine International Limited	30.13
7	PI Industries Limited	69.68

Promoters

• Ashok Ramnarayan Boob
• Krishnakumar Ramnarayan Boob
• Siddhartha Ashok Sikchi
• Parth Ashok Maheshwari

Promoter Holding

Pre Issue Share Holding	94.65%
Post Issue Share Holding