Clean Science and Technology Limited IPO

Clean Science and Technology Limited is among the few companies focused globally entirely on producing innovative technologies using the in-house catalytic processes that are environment-friendly and cost-competitive as well. As per F&S reports, this has enabled the company to emerge as the largest global manufacturer of specialty chemicals in terms of manufacturing capacity as of 31 December 2020.

The company manufactures critical specialty chemicals like Pharmaceutical Intermediates including Guaiacol and DCC, Performance Chemicals including MEHQ, BHA, and AP, and FMCG Chemicals including 4-MAP and Anisole. Within 17 years of its inception, the company is now the largest manufacturer of MEHQ, BHA, Anisole, and 4-MAP globally in terms of manufacturing capacity.

Their specialty chemicals have diverse applications which cater to customers across industries. Their customers include distributors & manufacturers in India as well as other international markets like Europe, China, the USA, Taiwan, Japan & Korea. The revenue from operations of the company from sales outside India was around 68.76% & 65.36% of their total revenue from operations in the Fiscal Year 2020 and 9-months ended 31 December 2020.

The promoter of the company is Ashok Ramnarayan Boob, Krishna Kumar Ramnarayan Boob, Siddhartha Ashok Sikchi, and Parth Ashok Maheshwari.

Strengths of the Company

Through its consistent R&D initiatives, the company has a good track record of strategic process innovation
Experienced senior management team & promoters with extensive knowledge
Strong relationships with key customers
The company is among the largest producers of critical specialty chemicals globally which is being used in various industries & across geographies
Strong record of financial performance
Automated facilities & processes with proven commercialization & design capabilities

Purpose of the IPO

As it is an offer for sale by promoters, the company will not be having any proceeds from IPO.

Financial Performance of the company

	For the 9-month period ended 31st December 2020	FY 2020	FY 2019	FY 2018
Total Revenue	398.46	430.16	404.56	247.23
Total Expenses	202.64	247.84	268.02	176.97
Profit After Tax	145.26	139.63	97.65	48.89
Total Assets	571.18	429.87	327.47	236.10

*All the values are in crores and as per DRHP.

Valuation of the Company:

	For the 9-month period ended 31st December 2020	FY 2020	FY 2019	FY 2018
Basic Earnings per Share (EPS)	13.68	13.15	9.19	4.60
Diluted Earnings per Share (EPS)	13.68	13.15	9.19	4.60
Return on Net Worth (%)	29.65%	40.82%	35.90%	26.03%
Net Assets Value per Equity share	46.13	32.21	25.61	17.69

*As per DRHP.

Clean Science and Technology Limited IPO

IPO details:

Face Value	₹1 per equity share
Market Lot	16 Shares
Minimum Order Quantity	16 Shares
Price Band	₹880- ₹900 per equity share
Issue type	Book Built Issue IPO
Issue Size	₹1,546.62 Crores
Offer for Sale	₹1,546.62 Crores
Listing	NSE, BSE

Important IPO dates

Open Date	07th July 2021
Close Date	09th July 2021
Basis of Allotment Date	14th July 2021
Initiation of Refunds	15th July 2021
The credit of shares to Demat Account	16th July 2021
Listing Date	19th July 2021

Allocation Quota:

Category	Portion
Qualified Institutional Buyers (QIBs)	Not more than 50%
Non- Institutional Buyers (NIIs)	Not less than 15%
Retail Investors	Not less than 35%

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