The Pune-based company manufactures functionally critical specialty chemicals such as performance chemicals, pharmaceutical intermediates, and FMCG chemicals. The specialty chemical manufacturer had seen an overwhelming subscription of over 93 times, given its leadership in niche green chemicals. ''We like Clean Science given its global leadership in green chemicals, diversified product portfolio, robust financials with industry leading margins/return ratios and strong focus on ESG front. Clean Science is the only company globally to use vapor phase process for Anisole (used as a key raw material), Khemka said. Prior to the IPO, Clean Science and Technology had raised ₹464 crore from anchor investors.

Source: Mint July 19, 2021 10:16 UTC