Clean Science and Technology Ltd IPO : Dates, Share Price and Company Info.

Clean Science and Technology Limited initiated its operations in 2003 and is now one of the leaders in the chemical business. The company has domestic as well as overseas business. It supplies its products to Europe, Korea, U.S.A. China, Japan and Taiwan. In the year 2020 when the whole world was reeling through COVID crisis it got 69% of its revenue from export operations and sales. The company has two manufacturing plants in Maharashtra with a capacity of 29900 MTPA.


The Clean Science and Technology Limited IPO is set to get launched on 7th July, 2021. The subscription timeline extends till 9th July, 2021. The size for the IPO is 1546.42 Crore Rs. Shares issued through Offer for sale are 1546.42 Crore Rs. No Shares are issued through Fresh issue. The minimum lot size is 16 shares and the price is set at 880 Rs. – 900 Rs./ share. The company is going to get listed at both the exchanges NSE and BSE. The face value per share is Re. 1 and this is a book built issue. The registrar for the company is Link Intime India Private Limited.


IPO OPENING DATE 7th July, 2021
IPO CLOSING DATE 9th July, 2021
ISSUE TYPE Book Built Issue
Face Value per share 1 Re. per share
IPO price band 880 Rs. – 900 Rs.
LOT SIZE 16 shares
ISSUE SIZE 1546.62 Crore Rs.
OFFER FOR SALE 1546.62 Crore Rs.
FRESH ISSUE No fresh Issue made
LISTING DATE 19th July, 2021


IPO OPENING DATE 7th July, 2021
IPO CLOSING DATE 9th July, 2021
IPO ALLOTMENT DATE 14th July, 2021
REFUNDS 15th July, 2021
DEMAT A/C CREDITED ON 16th July, 2021
IPO LISTING DATE 19th July, 2021

The Clean Science and Technology Limited IPO begins for subscription from 7th July, 2021. The IPO subscription would continue till 9th July, 2021. The allotment status for the shareholders who applied would come on 14th July, 2021. The refunds for the ones who did not get allotment would be initiated on 15th July, 2021. The DEMAT accounts of shareholders would be credited on 16th July, 2021. The listing of the company would be accompanied on 19th July, 2021.


The promoters for the company are Krishnakumar Ramnarayan Boob, Parth Ashok Maheshwari, Siddhartha Ashok Sikchi and Ashok Ramnarayan Boob. The holding on part of the promoter before IPO allotment was 94.66%. The post-IPO promoter holding would equal 78.51%.

The lead managers for the company are :

  • Axis Capital Limited
  • Kotak Mahindra Capital Company Limited
  • JM Financial Consultants Private Limited

The minimum lot size for the company is decided at 16 shares. This holding accounts to Rs. 14400. The maximum lot size is decided at 208 shares. This amounts to Rs. 187200. Hence the company’s final holdings would be set as :

  Shares Amount
Minimum 16 shares 14400 Rs
Maximum 208 shares 187200 Rs


  • The company wants to get benefitted from the listing gains that are available from the public issue. Also it will add up a substantial equity base along with liquidity post the IPO launch which will help it to advance and expand further.
  • The money from the IPO can also be utilized to meet general corporate purposes.


Particulars (in Million Rs.) 2020-21 2019-20 2018-19
ASSETS 6599 4298 3274
REVENUE 5380 4301 4045
NET PROFIT 1983 1396 976

The company has been very consistent regarding its financial figures. The company has been constantly expanding its asset base and the revenues have coped up with it. In 2019 the asset base was 3274 Crore Rs which increased to 6599 Crore Rs. in 2021. However the revenues have been increasing at the same levels from 4045 Crore Rs. to 5380 Crore Rs. The profits of the company have been outstanding given the COVID crisis. The company generated 980 Crore Rs. in 2019 which has increased to 1983 Crore Rs in 2021. Hence financially the company is a strong player in Indian Markets.


  • It exports its products to more than 5 countries.
  • It is one of the leaders in the chemical manufacturing business.
  • Excellent financial figures for the last three financial years.


  • Major revenue from Export business and all the manufacturing plants are in India. Hence currency fluctuations play a major role in determining the pricing of a company’s Products.


It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

  1. Logging into Zerodha console through its website or KITE platform.
  2. Clicking the IPO link present in the Portfolio section
  3. Click the Clean Science and Technology Limited IPO button and press the BID button
  4. Entering the details asked for like UPI ID, Quantity and price
  5. Submit the application form of IPO
  6. Visiting the application of UPI for approving the transaction

Now, applying for an IPO online is possible with most of the Discount and online brokers.

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