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July 5, 2021
This is to inform you that Clean Science and Technology Limited is coming out with a public issue to raise Rs.1,546.62 crore from the market.
The issue opens on July 7 and closes on July 9, 2021.
Details of the Clean Science and Technology Limited IPO
| Company Details |
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- Clean Science and Technology Limited is among the few companies globally focused entirely on developing newer technologies using in-house catalytic processes, which are eco-friendly and cost competitive (Source: F&S Reports). This has enabled them to emerge as the largest manufacturer globally of certain specialty chemicals in terms of installed manufacturing capacities as of March 31, 2021 (Source: F&S Reports). Some of these technologies have been developed and commercialized for the first time globally (Source: F&S Reports).
- They manufacture functionally critical specialty chemicals such as Performance Chemicals (i.e. MEHQ, BHA and AP), Pharmaceutical Intermediates (i.e. Guaiacol and DCC), and FMCG Chemicals (i.e. 4-MAP and Anisole). Within 17 years of incorporation, they have grown to be the largest manufacturer globally of MEHQ, BHA, Anisole and 4-MAP, in terms of installed manufacturing capacities as of March 31, 2021 (Source: F&S Reports).
- Their specialty chemicals have a wide range of applications that cater to a diverse base of customers across industries. Their customers include manufacturers and distributors in India as well as other regulated international markets including China, Europe, the United States of America, Taiwan, Korea, and Japan.
- Their products are used as key starting level materials, as inhibitors, or as additives, by customers, for products sold in regulated markets. Key customers include Bayer AG, SRF Limited, Gennex Laboratories Limited, Nutriad International NV and Vinati Organics Limited.
- Company have two certified production facilities in India strategically located at Kurkumbh (Maharashtra), in close proximity to the JNPT port from where they export majority of their products. Each facility has an on-site R&D unit, quality control department, warehouse, and effluent treatment system that treats effluent, to make their facilities zero liquid discharge facilities.
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| Issue Period |
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Issue opens on: Wednesday, July 7, 2021
Issue closes on: Friday, July 9, 2021
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| Price Band |
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Rs.880 to Rs.900 per equity share |
| Bid Lot |
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16 shares and in multiples thereof |
| Issue Size |
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Rs.1,546.62 crore |
| Issue break-up |
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QIB - 50% of the offer – Rs.773.31 crore
NIB - 15% of the offer - Rs.231.99 crore
RET - 35% of the offer - Rs.541.32 crore
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| Listing |
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NSE and BSE |
| Registrar |
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Link Intime India Private Limited. |
| UPI |
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All Retail Applications through brokers are compulsorily in UPI Mode |
Watch these 4 videos to know how to apply for the Clean Science and Technology Limited IPO online easily.
Step 1: Create an UPI ID

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Step 2: Apply for IPO online using mobile app or website
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Step 3: Authorise UPI mandate to block payment

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Remember these points while applying for IPOs
- With Sharekhan, you can now fill and submit your IPO application online at your convenience anytime before an issue closes. This can be done through the Sharekhan app or website.
- You will need a mobile phone with a SIM linked to your bank account offering the UPI facility and a debit card to create your UPI ID.
- Currently, UPI works on the following mobile applications:
| Name of App (Supported Platforms) |
VPA Handle |
| BHIM Baroda Pay (only Android) |
@BARODAMPAY |
| BHIM Oriental Pay (Only Android) |
@obc |
| BHIM RBL Pay (Android & iOS) |
@rbl |
| BHIM (android & iOS) |
@upi |
| BHIM ALLBANK UPI (only Android) |
@allbank |
| BHIM Axis Pay (only android) |
@axisbank |
| BHIM IndusPay (only Android) |
@indus |
| BHIM Lotza UPI (only Android) |
@federal |
| BHIM SBIPay (only android) |
@sbi |
| Citi Mobile (android & iOS) |
@citi & @citigold |
| Google Pay (android & iOS) |
@okhdfcbank | @okaxis | @oksbi | @okicici |
| HSBC Simply Pay (android & iOS) |
@hsbc |
| iMobile by ICICI Bank (android users) |
@icici |
| Kotak Mobile Banking App (Android) |
@kotak |
| Phone-Pe (android & iOS) |
@ybl |
| SIB Mirror+ (only Android) |
@sib |
| BHIM YES PAY (only Android) |
@yesbank |
| DigiBank - DBS (Android & iOS |
@dbs |
| Paytm (Andriod & iOS) |
@paytm |
- To avoid rejection, download the latest version of the app.
- Remember to select UPI as the payment option in the IPO application form by providing your UPI ID.
- As soon as you submit your application through the mobile app or website, you will receive an SMS from National Payments Corporation of India (NPCI) informing you that your UPI mandate has been generated.
- The app passcode and the UPI PIN can be different; remember to enter only the UPI PIN while authorising the UPI mandate. Note that you should not share your UPI PIN with anyone.
- If you forget the UPI PIN, simply reset it instead of entering a wrong one.
- If the transaction gets through, you will receive a “Transaction is successful” message on your mobile.
- There are two possible scenarios post-allotment: On full allotment, funds will be debited from your account. If there is no allotment of shares, the blocked funds will be released after the end date or expiry date of the UPI mandate.
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