Archean Chemical IPO details (9 Nov – 11 Nov), (Price ₹386 to ₹407)
Listing date and Listing Price of Archean Chemical IPO:
- Archean Chemical IPO listed on BSE and NSE exchanges on – Click Here
- Listing Price of Archean Chemical IPO on NSE – Click Here
- Listing Price of Archean Chemical IPO on BSE – Click Here
Grey Market premium (GMP) price of Archean Chemical IPO:
Grey Market premium (GMP) price of Archean Chemical IPO is Rs. __. Grey Market premium (GMP) of Archean Chemical IPO means, unofficially if someone buys or sells his application at a fixed rate irrespective of listing price. Check latest GMP of all IPOs.
Archean Chemical IPO Allotment link status on Link Intime:
- Check the allotment status of Archean Chemical IPO on the below link given by Link Intime.
- Archean Chemical IPO Allotment Link – https://linkintime.co.in/MIPO/Ipoallotment.html
Archean Chemical IPO Allotment link status on Link Intime can be checked by Application No or DP Client ID or PAN.
Archean Chemical IPO subscription status details:
|QIB (Qualified Institl. Bidders)||NIB (Non-institutional Investor)||RII (Retail Individual Investor)||Employee category||Total No. of times applied|
|No. of shares offered|
Archean Chemical IPO highlights:
|Archean Chemical IPO bid Opens on||9 Nov 2022|
|Archean Chemical IPO bid Closes on||11 Nov 2022|
|Post issue Modification Period||12 – Nov -2022 (10 to 11 am)|
|Cut-off time for UPI Mandate Confirmation||12 – Nov -2022 (upto 12:00 PM)|
|Issue type||100% Book Building|
|Archean Chemical IPO issue size||₹ 1462.31 Cr|
|Face value of each equity share||Rs. 2|
|Archean Chemical IPO Price band||Rs 386 to Rs 407 per share|
|Archean Chemical IPO market lot||36 equity shares and multiples|
|Archean Chemical IPO minimum order quantity||36 equity shares|
|Pre IPO equity share of promoters of Archean Chemical||65.58 %|
|Post IPO paid-up equity share of promoters of Archean Chemical||55.04 %|
|QIB portion reservation in Archean Chemical IPO||75 %|
|NIB portion reservation in Archean Chemical IPO||15 %|
|Retail portion reservation in Archean Chemical IPO||10 %|
|Retail individual bidder can apply in Archean Chemical IPO||up to 2 lakh (200,000) – Maximum 13 Lot|
|Retail individual discount in Archean Chemical IPO||NA|
|Employees can apply in Archean Chemical IPO||NA|
|Employees Reservation in Archean Chemical IPO||NA|
|Employees Discount in Archean Chemical IPO||NA|
|Listing of Archean Chemical at Exchanges||NSE, BSE|
|Fund raised from Anchor Investors in Pre-IPO of Archean Chemical||NA|
|Registrar of Archean Chemical IPO issue||Link Intime India Private Limited|
Archean Chemical IPO important dates regarding bidding, allotment, listing, refund etc. :
The probable dates regarding bidding, allotment, listing, refund of Archean Chemical IPO are mentioned below.
(Not Declared Officially)
|Archean Chemical IPO opens on||09.11.2022|
|Archean Chemical IPO Closes on||11.11.2022|
|Allotment basis date of Archean Chemical IPO||16.11.2022|
|Money refund date of Archean Chemical IPO||17.11.2022|
|Shares of Archean Chemical in Demat Account||18.11.2022|
|Archean Chemical IPO listing date on NSE, BSE||21.11.2022|
How much shares of Archean Chemical IPO are being offered?
|Type of Issue (Fresh / OFS)||No. of Equity shares offered||Amount of Equity shares|
|Total Issue size||₹ 1462.31 Crore|
|Fresh Issue size||–||₹ 805 Crore|
|Offer for Sale (OFS)||–||₹ 657.31 Crore|
Archean Chemical financial statements details:
IPO Red Herring Prospectus (RHP) of Archean Chemical:
Objectives of the Archean Chemical IPO Issue: (Source – RHP)
Requirement of funds Our Company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects: 1. Redemption or earlier redemption, in part or full, of NCDs issued by our Company; and 2. General corporate purposes (collectively, referred to herein as the “Objects”).
Business of Archean Chemical: (Source – RHP)
We are a leading specialty marine chemical manufacturer in India and focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world. (Source: Company Commissioned F&S Report). According to Frost & Sullivan, we are the largest exporter of bromine and industrial salt by volume in India in Fiscal 2021 and have amongst the lowest cost of production globally in both bromine and industrial salt. (Source: Company Commissioned F&S Report). We produce our products from our brine reserves in the Rann of Kutch, located on the coast of Gujarat, and we manufacture our products at our facility near Hajipir in Gujarat. As of June 30, 2022, we marketed our products to 18 global customers in 13 countries and to 24 domestic customers. Our bromine is used as key initial level materials, which have applications in the pharmaceuticals, agrochemicals, water treatment, flame retardant, additives, oil & gas and energy storage batteries. Industrial salt is an important raw material used in chemical industry for production of sodium carbonate (soda ash), caustic soda, hydrochloric acid, chlorine, bleaching powders, chlorates, sodium sulphate (salt cake) and sodium metal. Sulphate of potash is used as a fertilizer and also has medical uses. In the three months ended June 30, 2022 and in Fiscal 2022, Fiscal 2021 and Fiscal 2020, our sales of bromine constituted 50.94%, 53.54%, 46.49% and 35.43%, respectively, of our revenue from operations, our sales of industrial salt constituted 48.98%, 45.37%, 49.10% and 57.88%, respectively, of our revenue from operations and our sales of sulphate of potash constituted 0.06%, 1.01%, 4.39% and 6.55%, respectively, of our revenue from operations.
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