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Archean Chemical Industries Limited IPO

Archean Chemical Industries Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
Lot Size:
Subscription:
Listed Price: ₹ 450.00 (+10.57%)

The public market debut of Archean Chemical Industries Limited's was completed on 21-11-2022 with its listing on the NSE, BSE exchange. The IPO process raised 3,59,28,869 Shares in total capital, consisting of 1,97,78,869 Shares in new equity and ₹657.31 Cr in existing share sales through the OFS route.

The offering featured a price range of ₹386 to ₹407 and minimum application size of 36 shares. Investor response during the subscription period from 09-11-2022 to 11-11-2022 influenced the final allotment ratios across investor categories.

Final allotment was announced on 16-11-2022, distributing shares to successful subscribers. The listing established a continuous market for the company's shares, enabling liquidity, valuation transparency, and broader investor participation.

Archean Chemical IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Archean Chemical IPO Key Performance Indicator
Company Financials ( In Crores )

Archean Chemical IPO About Company

Archean Chemical Industries Limited is India's largest exporter of bromine and industrial salt as of Fiscal 2021. The company is a leading specialty marine chemical manufacturer, producing and exporting bromine, industrial salt, and sulphate of potash to customers worldwide. It serves 13 global markets and 29 domestic customers, exporting 2.7 million MT of industrial salt in Fiscal 2021. Archean Chemical is also the only sulphate of potash manufacturer in India, operating an integrated production facility in Hajipir, Gujarat, near the Rann of Kutch brine fields. The company benefits from high entry barriers, cost-efficient infrastructure, a strong global customer base, and a focus on environmental safety. With a history of strong financial performance, it is backed by an experienced management team and key financial stakeholders.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Archean Chemical IPO Strength Factors

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Archean Chemical IPO Risk Factors

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Archean Chemical IPO Lead Manager(s)

  • IIFL Securities Limited
  • ICICI Securities Limited
  • Jm Financial Limited

Archean Chemical IPO Promoter(s)

  1. Chemikas Speciality LLP
  2. Ravi Pendurthi
  3. Ranjit Pendurthi

Archean Chemical IPO Company Details

Archean Chemical Industries Limited
Phone:
address:

Archean Chemical IPO Registrar

Link Intime India Private Limited
Name:
Phone:

Archean Chemical IPO FAQs