Specialty chemicals manufacturer Clean Science and Technology will launch its initial public offering (IPO) for subscription today. This will be the second IPO in July 2021 after GR Infraprojects.
Axis Capital, JM Financial, and Kotak Mahindra Capital are the lead managers for the offer, while Link Intime India Pvt. Ltd is the registrar.
Here are key things to know about the issue:
About Clean Science and Technology
Clean Science and Technology is one of the few global companies solely dedicated to the development of newer technologies using in-house catalytic processes that are both eco-friendly and cost-effective.
It manufactures functionally critical specialty chemicals, FMCG Chemicals, and Pharmaceutical Intermediates.
Within 17 years of incorporation, the company has grown to the largest manufacturer globally of monomethyl ether of hydroquinone (MEHQ), BHA, Anisole, and 4-Methoxy Acetophenone, in terms of manufacturing capacities.
The company has two production facilities at Kurkumbh (Maharashtra) with an aggregated installed production capacity of 29,900 MTPA as of Dec 31, 2020.
Its 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.
In fiscal 2021, revenue from operations for sales outside India represented 67.86 percent of their total revenue from operations. The total revenue from operations has grown at a CAGR of 14.15 percent between FY19 and FY21. The profit margin in FY21 was 38.71 percent, FY20 was 33.30 percent, and 24.83 percent in FY19.
Promoters and Management