Clean Science and Technology Ltd. is a chemical company which is incorporated in the year 2003. The company has its specialty in manufacturing chemicals such as Pharmaceutical Intermediates, Performance Chemicals & FMCG Chemicals. This is a Pune-based company that supplies its products to manufacturers as well as distributors globally. Genex Laboratories Limited, Bayer AG, SRF Limited, Nutriad International NV, Vinati Organics are some of the customers of the company. The IPO of Clean Science and Technology Ltd is opening today i.e. 7th July 2021 and closing on 9th July 2021 with a price bracket of Rs.880-900 per equity share.
If we converse about the production facilities, then the company has two in number at Kurkumbh (Maharashtra) with an adequate installed capacity.
Let’s have a detailed view of Clean Science and Technology Ltd. IPO:
Promoters of the Company
Ashok Ramnarayan Boob, Krishnakumar Ramnarayan Boob, Parth Ashok Maheshwari, and Siddhartha Ashok Sikchi are the promoters of the company.
Issuance of Shares
Issue size: Rs.1,546.62 crore
Face value: Rs.1
The Objective of the Issuance of Shares
- To make an offer for sale of equity shares.
- To attain the share listing profits on the BSE and NSE
IPO Share Price
The price band for the issue is fixed by the company at Rs. 880-900 per equity share.
Retailers Reserved Lot size
Up to 3 lots i.e. 208 shares which makes a total of Rs. 187,200 are valid for subscription, in the case of the retail individual investors.
IPO Opening and Closing date
The Clean Science and Technology IPO is likely to open for subscription on 07th July 2021 and will close on 09th July 2021. The listing of shares will be done on both BSE and NSE.
Lot size and Minimum number of shares
Each lot size includes a total of 16 shares. Therefore, an investor should subscribe for a minimum count of 16 shares.
Allotment of Shares
The allotment of shares will be done on 14th July 2021 and the shares allotted will get transfer to your Demat account by 16th July 2021.
IPO listing date
The IPO listing date of Clean Science and technology is yet to announce. Moreover, the expected date may be 19th July 2021.
Trendy Analysis
Clean Science and Technology Ltd. is one of the leading companies in producing chemicals materials worldwide. Furthermore, the company considers being the leading provider of chemicals like 4-MAP, Ansole, DCC, and many more. Keeping a view on the financial performance, the company has generated 69% revenue in the fiscal year 2020 via exporting. International presence counts which make the company financially sound. Consequently, the company being financially safe ask the investors to buy an IPO subscription.