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Clean Science IPO is a book build issue of ₹1,546.62 crores. The issue is entirely an offer for sale of 1.72 crore shares of ₹1,546.62 crore.
Clean Science IPO bidding started from Jul 7, 2021 and ended on Jul 9, 2021. The allotment for Clean Science IPO was finalized on Jul 14, 2021. The shares got listed on BSE, NSE on Jul 19, 2021.
Clean Science IPO price band is set at ₹900.00 per share . The lot size for an application is 16. The minimum amount of investment required by an retail is ₹14,080 (16 shares). The lot size investment for sNII is 14 lots (224 shares), amounting to ₹2,01,600, and for bNII, it is 70 lots (1,120 shares), amounting to ₹10,08,000.
Axis Capital Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Clean Science IPO RHP for detailed Information.
| IPO Date | July 7, 2021 to July 9, 2021 |
| Listing Date | July 19, 2021 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹880 to ₹900 per share |
| Issue Price Final | ₹900 per share |
| Lot Size | 16 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 1,71,84,682 shares (aggregating up to ₹1,546.62 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 10,62,18,960 shares |
| Share Holding Post Issue | 10,62,18,960 shares |
Clean Science IPO offers total 1,71,84,682 shares. Out of which 85,92,340 (50.00%) allocated to QIB, 34,36,936 (20.00%) allocated to QIB, 25,77,703 (15.00%) allocated to NII, 60,14,639 (35.00%) allocated to RII and 51,55,404 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 85,92,340 (50.00%) | NA |
| − Anchor Investor Shares Offered | 51,55,404 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 34,36,936 (20.00%) | NA |
| NII (HNI) Shares Offered | 25,77,703 (15.00%) | NA |
| Retail Shares Offered | 60,14,639 (35.00%) | 3,75,914 |
| Total Shares Offered | 1,71,84,682 (100.00%) |
Clean Science IPO opens on July 7, 2021, and closes on July 9, 2021.
| IPO Open Date | Wed, Jul 7, 2021 |
| IPO Close Date | Fri, Jul 9, 2021 |
| Tentative Allotment | Wed, Jul 14, 2021 |
| Initiation of Refunds | Thu, Jul 15, 2021 |
| Credit of Shares to Demat | Fri, Jul 16, 2021 |
| Tentative Listing Date | Mon, Jul 19, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jul 9, 2021 |
Investors can bid for a minimum of 16 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 16 | ₹14,400 |
| Retail (Max) | 13 | 208 | ₹1,87,200 |
| S-HNI (Min) | 14 | 224 | ₹2,01,600 |
| S-HNI (Max) | 69 | 1,104 | ₹9,93,600 |
| B-HNI (Min) | 70 | 1,120 | ₹10,08,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Strengths
| Particulars | For the year/period ended (₹ in million) | ||||
|---|---|---|---|---|---|
| 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |||
| Total Assets | 6,599.17 | 4,298.79 | 3,274.73 | ||
| Total Revenue | 5,380.71 | 4,301.65 | 4,045.63 | ||
| Profit After Tax | 1,983.80 | 1,396.31 | 976.58 | ||
The Company Clean Science IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To carry out the Offer for Sale of 17,184,682 Equity Shares aggregating to ₹15,466.22 millionby the Selling Shareholders | |
| 2 | Achieve the benefits of listing the Equity Shares on the StockExchanges |
[Dilip Davda] The issue is fully priced based on financial parameters. The company is milking the bullish sentiment of the secondary market as well as of its niche play. However, considering virtual monopoly in the field of its operations for many products, investment with a long term perspective is recommended. Read detail review...
| Listing Date | July 19, 2021 |
| BSE Script Code | 543318 |
| NSE Symbol | CLEAN |
| ISIN | INE227W01023 |
| Final Issue Price | ₹900 per share |
| BSE Listing Group | B |
Clean Science & Technology Ltd.
Office No. 503, Pentagon Tower P-4
Magarpatta City, Hadapsar, Pune 411 013
Hadapsar, Pune, Maharashtra
Phone: +91 20 26899953
Email: compliance@cleanscience.co.in
Website: http://www.cleanscience.co.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: cleanscience.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Clean Science IPO is a main-board IPO of 1,71,84,682 equity shares of the face value of ₹1 aggregating up to ₹1,546.62 Crores. The issue is priced at ₹900 per share. The minimum order quantity is 16.
The IPO opens on July 7, 2021, and closes on July 9, 2021.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Clean Science IPO using UPI as a payment gateway. Zerodha customers can apply in Clean Science IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Clean Science IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Clean Science IPO opens on July 7, 2021 and closes on July 9, 2021.
Clean Science IPO lot size is 16, and the minimum amount required for application is ₹14,400.
You can apply in Clean Science IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Clean Science IPO will be done on Wednesday, July 14, 2021, and the allotted shares will be credited to your demat account by Friday, July 16, 2021. Check the Clean Science IPO allotment status.
The Clean Science IPO listing date is on Monday, July 19, 2021.
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