At 48x PE, should you subscribe to IPO of this ‘clean’ chemical maker?
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Most analysts have ‘subscribe’ ratings on the issue, as the financial ratios of the company look strong and its shares are available at favorable valuations compared with its peers.
The company is going to list at a PE of 48.18 times with a market-cap of Rs 9,559.7 crore, while peers Vinati Organics and Fine Organics trades at 77.4 times and 75.1 times, respectively.
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NEW DELHI: Clean Science Technology, a specialty chemicals producer that will launch on offer for sale from Wednesday in the primary market, is a play on two of the most relevant themes in the current times.
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