Bookbuilding IPO | ₹1,547 Cr | Listed at BSE, NSE | Wed, Jul 7, 2021 - Fri, Jul 9, 2021
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 per share. The lot size for an application is 16. The minimum amount of investment required by an retail is ₹14,400 (16 shares) (based on upper price). 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 Open
Wed, Jul 7, 2021
IPO Close
Fri, Jul 9, 2021
Issue Price
₹900 per share
Market Cap (Pre-IPO)
₹9,559.71 Cr
| IPO Date | 7 to 9 Jul, 2021 |
| Listed on | Mon, Jul 19, 2021 |
| Face Value | ₹1 per share |
| Price Band | ₹880 to ₹900 |
| Issue Price | ₹900 per share |
| Lot Size | 16 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,71,84,682 shares (agg. up to ₹1,547 Cr) |
| Offer for Sale | 1,71,84,682 shares of ₹1 (agg. up to ₹1,547 Cr) |
| Share Holding Pre Issue | 10,62,18,960 shares |
| Share Holding Post Issue | 10,62,18,960 shares |
| BSE Script Code / NSE Symbol | 543318 / CLEAN |
| ISIN | INE227W01023 |
Clean Science IPO comprises a total issue size of 1,71,84,682 shares. Out of which, 85,92,340 (50.00%) are allocated to QIB, 25,77,703 (15.00%) allocated to NII 60,14,639 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 16 shares and in multiples thereof.
| 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 |
Clean Science IPO raises ₹463.99 crore from anchor investors. Clean Science IPO Anchor bid date is July 6, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jul 6, 2021 |
| Shares Offered | 51,55,404 |
| Anchor Portion (₹ Cr.) | 463.99 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Aug 13, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Oct 12, 2021 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Clean Science IPO is subscribed 93.41 times on July 9, 2021 5:01:00 PM (Day 3). The public issue subscribed 9 times in the retail category, 156.37 times in the QIB category, and 206.43 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 156.37 | 35,15,049 | 54,96,62,848 |
| NII | 206.43 | 26,36,287 | 54,42,13,616 |
| Retail | 9 | 61,51,336 | 5,53,53,696 |
| Total | 93.41 | 1,23,02,672 | 1,14,92,30,160 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’ fees and commissions (including underwriting commission, brokerage and selling commission) | 32.84 |
| 2 | Selling commission/processing fee for SCSBs and Bankers to the Offer and fee payable to the Sponsor Bank | 8.51 |
| 3 | Fees payable to the Registrar to the Offer | 0.36 |
| 4 | Fees payable to the Other advisors to the Offer | 1.60 |
| 5 | SEBI filing fees, upload fees, the Stock Exchanges processing fees, book building software fees and other regulatory expenses | 3.97 |
| 6 | Printing and stationery | 1.86 |
| 7 | Advertising and marketing expenses | 2.94 |
| 8 | Fee payable to legal counsels | 3.70 |
| 9 | Miscellaneous | 8.51 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹900.00 | ₹900.00 |
| Open | ₹1,784.40 | ₹1,755.00 |
| Low | ₹1,555.05 | ₹1,555.05 |
| High | ₹1,784.40 | ₹1,770.65 |
| Last Trade | ₹1,585.20 | ₹1,585.25 |
Lead Manager Reports
Clean Science IPO is a main-board IPO of 1,71,84,682 equity shares of the face value of ₹1 aggregating up to ₹1,547 Crores. The issue is priced at ₹900 per share. The minimum order quantity is 16.
The IPO opens on Wed, Jul 7, 2021, and closes on Fri, Jul 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 Wed, Jul 7, 2021 and closes on Fri, Jul 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 Fri, Jul 16, 2021. Check the Clean Science IPO allotment status.
The Clean Science IPO listing date is on Mon, Jul 19, 2021.
