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Clean Science IPO

Clean Science and Technology Ltd.

₹14,080 /16 sharesMinimum Investment

Clean Science IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
7 Jul '21 - 9 Jul '21₹14,08016₹880 - ₹900
Issue SizeIPO Doc
1546.62Cr
RHP PDF

Subscription Status As on 09 Jul '21, 4:55 PM

  • Retail Individual Investor
    8.98x
  • Non-Institutional Investor
    206.43x
  • Qualified Institutional Buyers
    156.37x

About Clean Science

Clean Science and Technology Limited focuses entirely on developing newer technologies using in-house catalytic processe
Founded
2003
Managing Director
Ashok Ramnarayan
Clean Science and technology IPO review - Business, financials, IPO details | Upcoming IPO 2021

Strengths & Risks

  • Among the leading companies in India to have commercialized use of environment-friendly processes to manufacture certain specialty chemicals, at global capacities.
  • A low-risk business model since it is one of the largest manufacturers of certain specialty chemicals that have applications across industries.
  • Strong and long-standing relationships with its key customers.
  • Automated manufacturing facilities with proven design and commercialization capabilities and a strong focus on EHS (Environment, Health, and Safety).
  • It has delivered consistent growth over the last three financial years both in terms of financial and operational metrics.
  • High dependency on constantly designing catalytic processes for cost-efficiencies and R&D improvements.
  • The processes are not patented and the company’s intellectual property might not be adequately protected.
  • A significant portion of the company’s revenues is generated from key customers.
  • Disruption of its manufacturing operations for any reason.
  • Absence of long-term contracts with customers and suppliers.
  • Pending legal proceedings against the company and its directors.
  • Losses suffered by its Group Companies.
  • The majority of revenue is generated from the sale of MEHQ leading to dependence on its demand.
  • A capital-intensive business .
  • Competitive market.
  • Dependency on sales in international markets making exchange rate fluctuation a risk factor.
  • It operates in a hazardous industry and manufactures, uses, and stores certain hazardous substances.
  • The continuing impact of the COVID-19 pandemic.
  • Being a raw material provider, the demand for its chemicals relies on the demand for the end-products of its customers.

Financials

*All values are in Rs. Cr
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