Clean Science IPO Reviews, Dates, Price Band, Market Lot & Financial Details 2021

Clean Science IPO is going to hit markets soon and you can apply to Clean Science IPO from 7th July to 9th July 2021. Clean Science aims to raise ₹1546.2 Crores through an IPO consisting of a complete OFS (Offer For Sale) of ₹1546.2 crores by existing shareholders and promoters.

In OFS, Ashok Ramnarayan Boob ( ₹223 crores), Krishnakumar Ramnarayan Boob (₹84 crores), Parth Ashok Maheshwari ( ₹70 crores), and Siddhartha Ashok Sikchi ( ₹37 crores) are going to sell their stakes. 

Pune-based Clean Science manufactures functionality specialty chemicals such as performance chemicals, FMCG chemicals, and pharmaceutical intermediates. Apart from this, they have a focused R&D team that works to create eco-friendly and efficient processed specialty chemicals and fine chemicals. 

Clean Science’s customer base includes manufacturers and distributors from India as well as other international markets such as America, China, Korea, Taiwan, Europe, and Japan. Almost two-thirds of revenue for Clean Science comes from exports. Many IPOs are going to launch this year check here the list.

Clean Science IPO Dates & Price Band:

Open date7th July 2021
Close date9th July 2021
Total Size of IPO₹1546.2 Cr.
Fresh Issue 0 Cr.
Offer for Sale₹1546.2 Cr.
Price Band₹880 – ₹900
Face Value₹10 per share
Listing onNSE and BSE
Retail Investor’s Portion35%

Clean Science IPO Market Lot:

The minimum market lot of Clean Science IPO is 16 shares with 14,400 applications. Retail investors can apply for 13 lots with 208 shares application worth 1,87,200.

ApplicationLotSharesCut Off Amount
Minimum (RII)11614,400
Maximum (NII)13208187,200

Objectives of Issue – 

  • To achieve the benefit of listing on NSE & BSE.
  • To make OFS and give exit to some existing shareholders.

Should you subscribe to Clean Science IPO?

Strength – 

  • Working towards eco-friendly specialty chemicals. In the future, eco-friendly products will be in great demand.
  • World’s largest maker of functional chemicals utilized all over geographies in a wide range of industries. This results in a risk-free business model.
  • A leading supplier in international markets for chemicals like Ansole, 4-MAP, MEHQ, BHA, DCC.
  • Diversified (Indian and International) client base.

Risks – 

  •  Failure to meet the standard norms of Indian Government or International Government can be a major risk to their client deliveries.

Final Verdict – 

Looking at the consistent financial growth of Clean Science we can expect the Clean Science IPO to be subscribed in large numbers. Specialty chemicals will have a great future ahead and the cherry on top which Clean Science and Technology are providing is eco-friendly chemicals. Due to this reason and consistent growth in the past, investors can bet on the Clean Science IPO.  

Investors can invest for the long term in the  Clean Science IPO. It’s early to predict but  Clean Science IPO can give great listing gains by seeing its grey market premium. You can keep a track of  Clean Science IPO GMP here. 

Clean Science IPO Allotment & Listing Dates:

Clean Science IPO’s open date is 7th July and the closing date is 9th July. Allotment of shares will be done on 14th July and the listing date on NSE & BSE is19th July 2021.

Allotment Date for Clean Science- 14th June 2021
Refund Date for Clean Science – 15th July 2021
Credit of Shares to Demat Account – 16th July 2021
Listing Date for Clean Science – 19th July 2021

Applying IPO through the form: 

Besides applying IPOs through ASBA application or through Demat accounts you can also apply to IPOs with the help of forms provided by NSE or BSE. This is one of the traditional and safe ways to apply for an IPO subscription. Download the form through this link and fill the form carefully. You have to submit your filled form to the bank or broker.

Financials of Clean Science and Technology IPO:

The financials of Clean Science is very attractive. From 2019 the revenue numbers are increasing constantly. Net income after paying tax looks good. Upcoming financial numbers are expected to be good so we suggest investors apply for the IPO.

YearRevenue (₹ in Cr.)Expense (₹ in Cr.)PAT Net Income (₹ in Cr.)
201940526697.1
2020431247134.6
2021 (9M)399203147.3

About Clean Science and Technology –

Clean Science and Technology incorporated in 2003 and the focus of the company was to build eco-friendly and sustainable specialty chemicals. To date, they have been successful in their vision and are leading manufacturers for some chemicals like Ansole, 4-MAP, MEHQ, BHA, DCC, etc. worldwide. 

Clean Science has clients from India as well as international markets. They export to European countries, the United States, China, Japan, Taiwan, and Korea. Exporting their fine and specialty chemicals worldwide contribute two-thirds of their total revenue.

Manufacturing –

They have a manufacturing unit in Kurkumbh, MIDC (Maharashtra, India) which is efficient and performs consistently in terms of production. Their Quality control team has all the necessary testing equipment to test processes and ensure high-level outputs.

 Recent Competitor IPOs –

Last year Rossari Biotech and Chemcon Speciality Chemicals got listed on NSE & BSE. Rossari IPO got subscribed 79 times and Chemcon IPO got subscribed 149 times. 

This year Anupam Rasayan and Laxmi Organic were subscribed 44 times and 107 times. All the firms are doing great in markets till the date. 

Peer Competitors –

Sr. No.Company NamePE 
1PI Industries Limited69.6
2Camlin Fine Sciences Limited54.80
3Vinati Organics Limited43.78
4Fine Organic Industries Limited41.35
5Navin Flourine International Limited30.12

IPO Registrar Details –

Link Intime India Private Limited
C 101, 247 ParkL.B.S.Marg
Vikhroli (West) Mumbai 400 083
Tel: +91 22 49186200
E-mail: [email protected]
Website: www.linkintime.co.in

Clean Science Contact Details –

Clean Science And Technology Limited
Office No. 503, Pentagon Tower P-4,
Magarpatta City, Hadapsar,
Pune 411 013 Maharashtra, India
Tel: +91 20 26899953
Fax: +91 20 26898894
E-mail: [email protected]

Clean Science IPO FAQ –


When will Clean Science IPO open for Investors?

Clean Science IPO will open on 7th July 2021 and will close on 9th July 2021.

What is Clean Science IPO Retail Portion?

The portion allocated for retail investors in Clean Science IPO is 35%

How to apply for Clean Science IPO?

You can apply Clean Science IPO in 3 ways:
Open a Demat account through a bank or brokerage firm and apply through it.
Apply via ASBA application online through your bank.
Fill up the offline IPO form and submit it to the bank or broker.

Should I invest in Clean Science IPO?

Looking at the consistent financial growth of Clean Science we can expect the Clean Science IPO to be subscribed in large numbers. Specialty chemicals will have a great future ahead and the cherry on top which Clean Science and Technology are providing is eco-friendly chemicals. Due to this reason and consistent growth in the past, investors can bet on the Clean Science IPO.  

What is the allotment date for Clean Science shares?

14th July 2021 is the allotment date for Clean Science shares.

What is the listing date for Clean Science IPO?

19th July 2021 is the listing date for Clean Science. It will be listed on NSE and BSE.

What is the cutoff price for Clean Science IPO?

The cutoff price for Clean Science IPO is ₹900 per share.

Will Clean Science IPO give listing gains?

Investors can invest for the long term in the Clean Science IPO. It’s early to predict but Clean Science IPO can give great listing gains by seeing its grey market premium. You can keep a track of Clean Science IPO GMP here. 


Disclaimer for Investors:

  • We on ipogmp.in do not buy or sell any kind of IPO forms.  
  • Do not subscribe to IPO just by seeing its GMP. You should do proper research about the fundamentals of a company.
  • IPO GMP changes every day and you can view the changes in the above table.
  • Always apply to an IPO after understanding financials and discussing with your financial advisor.
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