Clean Science IPO Live Subscription Status

Live subscription status across each investor category and analyst recommendations
clean science IPO Subscription

Clean Science IPO Subscription Status: FINAL

Clean Science and Technology Limited, incorporated in 2003, is among the few companies globally focused entirely on developing newer technologies using in-house catalytic processes, which are eco-friendly and cost-competitive.

Investor CategoryQuotaSubscription
Institutional (QIB)50%156.37x
Non-Insti. (HNI)15%206.43x
Retail (RII)35%8.93x
Total Subscription100%93.38x

Clean Science IPO Subscription: End of Day Update

DayDay 1Day 2Day 3
QIB0.01x2.12x156.37x
HNI2.15x4.50x206.43x
Retail2.48x5.41x8.93x
Total1.70x4.28x93.38x

Clean Science IPO Subscription: Analyst Recommendations

LKP RESEARCH – SUBSCRIBE [ Report ]

“CSTL has grown its revenue at a CAGR of ~14.15% over the last three years with profitability growth of 42.5% during the same period. The company has one of the highest net profit margins in the industry at 38.71% in FY21. The ROCE of the company has increased from 50.75% in FY19 to 73.89% in FY21 signifying the efficient operations of the company”

CHOICE BROKING – SUBSCRIBE for longterm [ Report ]

“At the higher price band of Rs900, demanding valuation at Rs9,559.7 cr is derived at P/E of 48.2x on FY21 EPS, which looks expensive given the small size of revenue at Rs512 cr. On P/S basis, the issue is priced at 18.7x as compared to peer average of P/Sx of 10. Positive fundamentals are fully priced in the demanding valuation. Considering the above parameters, we believe investors should consider investment in issue for the long term.”

Aditya Birla Money, Marwadi Shares – SUBSCRIBE

Clean Science IPO Subscription: Key IPO Details

TypeValue
Issue Size₹1,546.62 Cr
Open Date07/07/2021
Close Date09/07/2021
Face Value₹1/- per Equity Share
IPO Price₹880 – ₹900
Lot Size16 shares
LotsMin 1 – Max 13

Clean Science IPO Subscription: Financials

201920202020
Revenue from Ops₹393.27 Cr₹419.30 Cr₹512.43 Cr
Profit before Excep*₹136.54 Cr₹182.32 Cr₹267.30 Cr
Profit after Tax97.66 Cr₹139.63 Cr₹198.38 Cr
EPS (Basic)9.1913.1518.68
*Tax and Exceptional Items
As of March 2020EPS (Avg*)P/E (Floor)P/E (Cap)
Based on basic EPS15.2657.6758.98
* Weighted Average for last 3 years

Comparison with listed industry peers

CompanyP/E (Cap)
Clean Science33.59
Highest (Fine Organic)75.93
Lowest (SRF)34.37
Sector Avg55.38

Clean Science IPO Subscription – FAQs

1. How to apply for Clean Science IPO in the Retail Category?

A: An investor in the retail category may either apply through the UPI process via DEMAT account or the ASBA process via bank account

2. How to apply for Clean Science in HNI Category?

A: An investor can apply in the HNI category only through the ASBA process via bank account

3. Where can I find the Red Herring Prospectus (RHP) details?

A: You can visit the NSE or SEBI website for these details. Alternately you can click here: RHP

One comment

  1. The Clean Science IPO issue coincides with that of GR Infra.

    Both are expected to raise a hefty ₹2,500cr ($336.5m) cumulatively in the middle of what is one of the hottest markets we have seen in recent times.

    Companies are leaving no stone unturned to capitalise on rich valuations right now.

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