Clean Science and Technology Limited | Clean Science Wiki.

Clean Science and Technology Limited is a Maharashtra-based chemical manufacturing company that was incorporated in the year 2003. The company mainly focuses on novel and clean processes production products such as performance chemicals, pharmaceutical chemicals, and FMCG chemicals. Its manufacturing facilities are situated in Kurkumbh MIDC, Pune, India.

History

Clean Science and Technology Limited started its commercial operations in 2003. The company is one of the leading chemical manufacturers in the world. It has manufactured chemicals such as performance chemicals (MEHQ, AP, and BHA), pharmaceutical chemicals (DCC & Guaiacol), and FMCG ( Anisole & 4-MAP). 

Clean Science and Technology supplies its products to manufacturers and distributors in India and international markets, including the USA, China, Japan, Russia, Europe, Korea, etc. 

In 2020, Clean Science generated 69% of revenue through its export business from foreign countries. The company has two manufacturing facilities at Kurkumbh MIDC (Maharashtra) with an aggregate installed production capacity of 29900 MTPA as of December 31, 2020. The company also raised Rs 1546.62 crore through an initial public offering (IPO) between 7 July to 9 July 2021.

Products

Clean Science and Technology is the largest chemical manufacturing company in the world. Its products portfolio includes different chemicals such as Anisole, L-Ascorbyl, Palmitate, Butylated hydroxy Anisole (BHA), Monomethyl ether of hydroquinone (MEHQ), etc. These all products used in different product manufacturing processes like perfume, insects pheromone, acrylic, styrene monomer The company has exported all these chemicals to more than 25 countries across the globe.

Infrastructure Facilities

The company has independent and well-equipped production units with 300 employees at Kurkumbh MIDC and the Pune office. It has the in-house process design expertise to the expansion of its production capacity while increasing the demand for its products.

Clean Science has two hi-tech and fully-fledged research and development labs. These labs operate within the company and both labs are certified by the department of scientific and industrial research (DSIR), New Delhi, India. Clean Science and Technology each unit is equipped with a warehouse and space for handling cargo, and weighing bridges. The company warehouse meets the safety and health standards of the pharma and food industries.

Certification

• The company is certified by ISO 9001:2015, ISO 14004:2015, and ISO 45001:2018 for its manufacturing facilities, marketing department, and dispatch of specialty chemicals.
• Clean Science and Technology, Kurkumbh MIDC also have Management system Certification from FAMI-Q
• FSSC 22000(Food Safety System Certification) for Kurkumbh MIDC, Pune
• Clean Science has HALAL and KOSHER Certifications related to food products.

Awards

• In Feb 2018, the company win the Best Export award received this honor from CM Fadnavis at Magnetic Maharashtra Summit 
• Winner of SME Elite 50 Jury round conducted by ICICI BANK.
• Govt of Maharashtra industries department awarded Clean Science and Technology within Best Export performance in 2016- 2017.

IPO Details

Clean Science and Technology Limited plans to raise Re 1546.62 Cr from the initial public offering (IPO) during 7-9 July 2021. The shares issued price at Rs 880- Rs 900 per equity share. The IPO opens on July 7 and closes on 9 July 2021. The company shares traded at a 50 %  (GMP) premium in the Gray market. Clean Science IPO shares list at Rs 1,784.4, a 98% premium over the issue price on BSE and NSE platforms.

Highlights

• Globally leading supplier of certain chemicals; Ansole, 4-MAP, MEHQ, BHA, DCC, etc.
• Strategically located manufacturing facility with close proximity to JNPT port to export products.
• Strong long-term relationship with key customers.
• Consistent track record of financial performance.
• International presence with export to several countries i.e. China, USA, Korea, Japan, Taiwan, etc.

Updates

• Clean Science & Technology announced that the company has entered into an agreement for the assignment of the lease to acquire Plot No. D-2, MIDC Kurkumbh, Taluka Daund, Dist (business standard).
• Clean Science And Technology has subscribed 44,71,545 equity shares of the face value of Rs 10 each at a premium of Rs 113 for cash, aggregating to Rs 55 crore by way of subscription to the rights issue of Clean Fino-Chem, a wholly-owned subsidiary of the Company. The said shares shall rank pari passu with the existing equity shares (Nirmal Bang).