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Clean Science and Technology has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 1400 crore through an initial public offering (IPO).

Axis Capital, JM Financial and Kotak Mahindra Capital have been appointed as merchant bankers to IPO. The equity shares of the company will be listed on NSE and BSE.

Clean Science and Technology manufactures functionally critical specialty chemicals such as performance chemicals, pharmaceutical intermediates and FMCG chemicals. Its products are used as key starting level materials, as inhibitors, or as additives, by customers, for products.