Archean Chemical Industries Limited
Mainboard₹14,652 / 36 Shares
Archean Chemical Industries Limited IPO Details
The Archean Chemical Industries Limited IPO price band is set between ₹386-407 per equity share, with a face value of ₹2 per share. The issue is managed by Link Intime India Private Ltd, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 9 Nov, 2022 and closes on 11 Nov, 2022. Investors can check the allotment status on 16 Nov, 2022, while the listing date is tentatively scheduled for 21 Nov, 2022.
The total issue size is Total 1,462.31 Cr Approx : Fresh Issue: ₹805 Cr Approx + OFS : 16,150,000 Shares, aggregating up to . Stay tuned for the latest Archean Chemical Industries Limited IPO review and GMP updates.
Archean Chemical Industries Limited IPO Review, Rating & Analysis
Archean Chemical Industries Limited IPO Review
NO REVIEWArchean Chemical Industries Limited IPO Rating
Archean Chemical Industries Limited IPO Highlights
IPO Date
Nov 9, 2022 - Nov 11, 2022
Listing Date
21 Nov, 2022
Face Value
₹2 Per Equity Share
Price Band
₹386-407 per equity share
Lot Size
-
Fresh Issue
Shares
Offer for Sale
16,150,000 Shares
Listing At
BSE, NSE
Archean Chemical Industries Limited IPO Lot Size
The minimum market lot for Archean Chemical Industries Limited IPO is 36 shares with an application amount of ₹14,652. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 36 | ₹14,652 |
| Retail (Max) | 13 | 468 | ₹1,90,476 |
| S-HNI (Min) | 14 | 504 | ₹2,05,128 |
| S-HNI (Max) | 68 | 2448 | ₹9,96,336 |
| B-HNI (Min) | 69 | 2484 | ₹10,10,988 |
Archean Chemical Industries Limited IPO Timeline
Issue Price
₹386-407 per equity shareFace Value
₹2 Per Equity ShareListing at Group
BSE, NSERegistrar
Link Intime India Private LtdLead Manager
IIFL Securities Ltd ,ICICI Securities Limited ,JM Financial Consultants Private LimitedIssue Size
Total 1,462.31 Cr Approx : Fresh Issue: ₹805 Cr Approx + OFS : 16,150,000 SharesArchean Chemical Industries Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 22 | 1529.68 | 1142.83 | 188.58 | - | - | - |
| 31 Mar 20 | 1428.6 | 617 | -36.24 | - | - | - |
| 31 Mar 19 | 1260.51 | 572.91 | 39.97 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Chemikas Speciality LLP
- Ravi Pendurthi
- Ranjit Pendurthi
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 65.58% | 55.04% |
About Company
Archean Chemical Industries Limited is the largest exporter of bromine and industrial salt in India in Fiscal 2021. The company is the leading speciality marine chemical manufacturer in India and is focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world.
Archean Chemical Industries markets the products to 13 global customers in 13 countries and 29 domestic customers. The company was the largest exporter of industrial salt in India with exports of 2.7 million MT in Fiscal 2021.
Archean Chemical Industries Limited are the largest exporter of Bromine from India. The company is the only manufacturer of sulphate potash in India. The company's marine chemicals business is predominately conducted on a business-to-business basis both in India and internationally.
The company have an integrated production facility for the bromine, industrial salt, and sulphate of potash operations, located at Hajipir, Gujarat, which is located on the northern edge of the Rann of Kutch brine fields.
Archean Chemical Industries Limited IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 10,706,095 | 5,550,738 3,700,492 1,850,246 | 3,700,492 | 19,957,325 |
Day 1 -09-11-22 05:00 PM | 0.04 x | 0.36 0.39 x 0.31 x | 0.95 x | 0.30 x |
Day 2 -10-11-22 05:00 PM | 0.54 x | 2.07 2.21 x 1.80 x | 2.94 x | 1.41 x |
Day 3 -11-11-22 05:00 PM | 48.91 x | 14.90 16.90 x 10.91 x | 9.95 x | 32.23 x |
Frequently Asked Questions about Archean Chemical Industries Limited IPO
When will Archean Chemical Industries Limited IPO open for subscription?
The Archean Chemical Industries Limited IPO opens on 9 Nov, 2022 and closes on 11 Nov, 2022.
What is the investors portion for Archean Chemical Industries Limited IPO?
The investors' portion for QIB is 48.91 x, NII is 16.90 x, and Retail is 9.95 x.
How to apply for Archean Chemical Industries Limited IPO?
You can apply for Archean Chemical Industries Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Archean Chemical Industries Limited IPO?
The issue size of Archean Chemical Industries Limited IPO is approx ₹Total 1,462.31 Cr Approx : Fresh Issue: ₹805 Cr Approx + OFS : 16,150,000 Shares crores.
What is the price band of Archean Chemical Industries Limited IPO?
The price band for Archean Chemical Industries Limited IPO is ₹386 to ₹407 per equity share.
What is the lot size of Archean Chemical Industries Limited IPO?
The minimum bid (lot size) for Archean Chemical Industries Limited IPO is N/A shares with an investment of approx ₹14,652 .
What is the allotment date of Archean Chemical Industries Limited IPO?
The allotment date for Archean Chemical Industries Limited IPO is 16 Nov, 2022.
What is the listing date of Archean Chemical Industries Limited IPO?
The listing date for Archean Chemical Industries Limited IPO is expected to be 21 Nov, 2022.
What is the GMP of Archean Chemical Industries Limited IPO?
The latest Grey Market Premium (GMP) for Archean Chemical Industries Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.