IPO Issue Details
Issue Price / Price Band₹900 per share (Fixed Price)
Face Value₹1 Per Share
Lot Size16 Shares per Lot
Total Issue Size1,71,84,682 shares (aggregating up to ₹1,546.62 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryOffer For Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 07 Jul 2021
Subscription CloseFri, 09 Jul 2021
Anchor AllotmentTue, 06 Jul 2021
Basis of AllotmentWed, 14 Jul 2021
Initiation of RefundsThu, 15 Jul 2021
Credit of Shares to DematFri, 16 Jul 2021
Listing DateMon, 19 Jul 2021
UPI Mandate Deadline2021-07-09
Application & Investment Details
Retail — Min (1 Lots)₹14,400 — 16 shares
Retail — Max (13 Lots)₹187,200 (13 Lots)
HNI — Min (14 Lots)₹2,01,600 — 224 shares
Pre-IPO Promoter Holding10,62,18,960 shares
Post-IPO Promoter Holding10,62,18,960 shares
About Clean Science & Technology Ltd.
Incorporated in 2003, 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 are 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.Competitive StrengthsGlobally 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.Strong long-term relationship with key customers.Consistent track record of financial performance.International presence with export to several countries i.e. China, USA, Korea, Japan, Taiwan, etc.
Objects of the Issue
Clean Science & Technology Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 To carry out the Offer for Sale of 17,184,682 Equity Shares aggregating to ₹15,466.22 millionby the Selling Shareholders
2
2 Achieve the benefits of listing the Equity Shares on the StockExchanges
Shareholding & Lock-in
Pre-IPO Promoter Holding
10,62,18,960 shares
Post-IPO Promoter Holding
10,62,18,960 shares
Lock-in Period (30%)August 13, 2021
Lock-in Period (50%)October 12, 2021