Archean Chemical Industries Limited IPO

Mainboard

Specialty Chemicals

Listed On: Nov 21, 2022 at ₹ 450.0(NSE)

₹ 14652 /36 Shares

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Price Summary

Last Closing

698.80 (71.7%)

52 Week High

837.70

52 Week Low

510.05

Last Update

20-Sep-2024 3:30 PM

Archean Chemical Industries Limited IPO Details

09 Nov, 2022

Open Date

11 Nov, 2022

Close Date

16 Nov, 2022

Allotment Date

21 Nov, 2022

Listing Date

Issue Price

₹386-407 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Link Intime India Private Ltd

List Price

450.0(NSE)

Listing Date

2022-11-21

Market Lot

36 Shares (₹14,652/-)
sHNI : 504 Shares (₹2,05,128/-)
bHNI : 2,484 Shares (₹10,10,988/-)

Lead Manager

IIFL Securities Ltd ,ICICI Securities Limited ,JM Financial Consultants Private Limited

Issue Size

Total 1,462.31 Cr Approx : Fresh Issue: ₹805 Cr Approx + OFS : 16,150,000 Shares

Retail Portion

10% (Number of Retail Applications : 99,800 Approx),
(Number of sHNI Applications : 3,560 Approx),
(Number of bHNI Applications : 7,120 Approx)

Subscription

32.23 times

IPO Docs

DRHP RHP

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

Total No. of Applications: 941556 (Approx)

Archean Chemical Industries Limited Valuations

Earnings Per Share (EPS)

₹18.26/-

P/E Ratio

N/A

RoNW

72.24%

Net Asset Value (NAV) - As on 31.03.22

₹25.28

Archean Chemical Industries Limited Company Financials All values are in ₹ Cr.

	31-Mar-22	31-Mar-20	31-Mar-19
Assets	1529.68	1428.6	1260.51
Revenue	1142.83	617	572.91
Profit After Tax	188.58	-36.24	39.97

About The 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 - Promoter(s)

Pre Issue Share Holding: 65.58%

Post Issue Share Holding: 55.04%

Company Promoter(s)

Chemikas Speciality LLP
Ravi Pendurthi
Ranjit Pendurthi

Archean Chemical Industries Limited IPO - Issue Objectives

Redemption or earlier redemption, in part or full, of NCDs issued by the Company.
General corporate purposes.
The Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale.

Archean Chemical Industries Limited IPO - Anchor Investors

Archean Chemical Industries mobilises Rs 658 crore via anchor book ahead of IPO.
A total of 42 investors bought shares in the company via anchor book. They include SBI Mutual Fund, Nippon Life, ICICI Prudential, HDFC Mutual Fund, Goldman Sachs, DSP Small Cap Fund, Abu Dhabi Investment Authority, Kotak Mutual Fund, Government Pension Fund Global, and Abakkus Emerging Opportunities Fund.
Aditya Birla Sun Life, Theleme India Master Fund, Tata Mutual Fund, BNP Paribas Funds, Segantii India Mauritius, Elara India Opportunities Fund, Edelweiss, Saint Capital Fund, Winro Commercial, and Societe Generale also invested in the company via anchor book.

Archean Chemical Industries Limited IPO - FAQs

Ans. Archean Chemical Industries Limited IPO is a Mainboard IPO. The issue is priced at ₹386-407 per equity share. The minimum order quantity is 36 Shares. The IPO opens on Nov 9, 2022, and closes on Nov 11, 2022. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The Archean Chemical Industries Limited IPO opens on Nov 9, 2022 and closes on Nov 11, 2022.

Ans. The size of Archean Chemical Industries Limited IPO is Total 1,462.31 Cr Approx : Fresh Issue: ₹805 Cr Approx + OFS : 16,150,000 Shares.

Ans. The IPO price band is set between ₹386-407 per equity share.

Ans. To apply for Archean Chemical Industries Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Archean Chemical Industries Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Archean Chemical Industries Limited IPO is Nov 16, 2022.

Ans. The Archean Chemical Industries Limited IPO will be listed on Nov 21, 2022.

Ans. Follow the steps to check the allotment status for Archean Chemical Industries Limited IPO here.