The IPO market is gearing up for a busy season this month with ₹240 bn worth of IPOs ready to hit the street.
This will be the fourth mainboard issue by a speciality company in the last 12 months after Rossari Biotech, Chemcon Speciality and Anupam Rasayan.
About Company
The company was incorporated in 2003 in Pune with a name “Sri Distikemi Private Limited”. They changed their name to “Clean Science and Technology Private Limited” in 2006 in an extraordinary share holders general meeting.
They are manufacturer of speciality chemical. The functionally critical specialty chemicals includes performance chemicals, pharmaceutical intermediates and FMCG chemicals.
They are exporting their chemicals to Japan and USA. They have their own manufacturing facilities in Kurkumbh, MIDC (Maharashtra, India).
Within 17 years of incorporation, the company has grown to be the largest manufacturer globally of MEHQ, BHA, Anisole, and 4-MAP, in terms of manufacturing capacities as of 2020.
Their vision to work on development of eco-friendly and sustainable manufacturing processes of specialty and fine chemicals.
IPO details
| IPO Open: | 07 July 2021 |
| IPO Close: | 09 July 2021 |
| IPO Size: | Approx ₹1546 Crores |
| Fresh Issue: | Approx ₹- Crores |
| Offer for Sale: | Approx ₹1546 Crores |
| Face Value: | ₹1 Per Equity Share |
| Price Band: | ₹880 to ₹900 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
The Clean Science Technology IPO minimum market lot is 16 shares with ₹14,400 application amount. The retail investors can apply up-to 13 lots with 208 shares or ₹187,200 amount.
Intermediaries
Lead Managers :
- Axis Capital Limited
- JM Financial Consultants Private Limited
- Kotak Mahindra Capital Company Limited
Registrar :
- Link Intime India Private Limited
Company’s Financial
| Particulars (in Million) | Mar-21 | Mar-20 | Mar-19 |
| Revenue | 5124 | 4193 | 3932 |
| Cost of materials consumed | 1378 | 1279 | 1786 |
| Changes in inventories | -142 | 12 | -73 |
| Employee benefits expenses | 435 | 310 | 248 |
| Other expenses | 863 | 737 | 608 |
| OPM | 2590 | 1855 | 1363 |
| OPM% | 50.55% | 44.24% | 34.66% |
| Other Income | 256 | 108 | 112 |
| Finance costs | 0.91 | 0.06 | 1.21 |
| Depreciation | 172 | 137 | 110 |
| Profit before tax | 2673 | 1823 | 1365 |
| Total tax expenses | 689 | 426 | 388 |
| Profit After tax | 1983 | 1396 | 976 |
| EPS | 18.68 | 13.15 | 9.19 |
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