Clean Science And Technology IPO Opens Today. Should You Invest?
NDTV
Clean Science and Technology is among the few companies globally focused entirely on developing newer technologies using in-house catalytic processes.
Clean Science and Technology's share sale via initial public offering (IPO) began today, July 7, 2020. The company is selling its shares in the price band of Rs 880-900 and plans to raise Rs 1,546 crore from the issue. The three-day share sale which began today will end on July 9 and investors can bid for Clean Science shares in lot sizes of 16 shares and in multiples thereafter. The issue is purely an offer for sale wherein some existing investors are selling their stake via IPO. Clean Science and Technology is among the few companies globally focused entirely on developing newer technologies using in-house catalytic processes, which are eco-friendly and cost competitive. This has enabled the company to emerge as the largest manufacturer globally of certain specialty chemicals in terms of installed manufacturing capacities The company 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, the company 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, Clean Science said in its red herring prospectus.More Related News