IPO update: Clean Science and Technology

Clean Science and Technology (CST) came out with its IPO about two months ago. Value Research's analysis of the IPO can be found here. This follow-up article focuses on the IPO's performance, post-IPO events, and changes in its valuation since then. Our analysis of the IPO We gave a score of 21 out of 27 to this speciality-chemical player when it came out with its IPO. The score was based on the company being one of the largest and leading producers in the world for its primary products such as MEHQ, BHA, guaiacol, anisole, and others. The company's products are used as the critical starting-level materials, like inhibitors or additives by its customers, for making finished products. The criticality of products leads to long-term relationships and high repeat usage between the company and the customers. Unlike other chemical players, it develops and uses eco-friendly chemistries based on catalytic technology. The company exports its products to various regulated markets, such as China, Europe, and the US. Exports