Archean Chemical Industries Limited
IPO Details
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Lot Distribution
Reservation
Company Fin.
₹109(26.78%)
Premium (ELP)
The public market debut of Archean Chemical Industries Limited's was completed on Nov 21, 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 Nov 09, 2022 to Nov 11, 2022 influenced the final allotment ratios across investor categories.
Final allotment was announced on Nov 16, 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.
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.
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."
- Strong Specialty Chemical Presence: Focuses on specialty marine chemicals and industrial products with applications across multiple industries.
- Export-Oriented Business Model: Significant international exposure helps diversify revenue sources and expand market reach.
- Strategic Resource Access: Strong access to key raw material resources supports cost efficiency and operational advantages.
- Dependence on Global Demand: Revenue can be affected by international market conditions and export demand fluctuations.
- Raw Material & Energy Cost Sensitivity: Changes in input and energy prices can impact profitability.
- Regulatory & Environmental Risks: Chemical operations are subject to strict environmental and compliance requirements.
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