Archean Chemicals IPO Price, GMP, Allotment and Subscription Status Details in Hindi. Archean Chemical Industries IPO information.

 Archean Chemical 's IPO will open on 9 November and close on 11 November. The price band of this IPO will be ₹386 to ₹407 per share and the lot size will be 36 shares. This IPO will be ₹805 crore fresh issue and ₹657 crore offer for sale. Retail investors can apply for a minimum of 1 lot of 36 shares (₹14,652) and a maximum of 13 lots of 468 (₹190,476).

Archean Chemical Business Details

Archean Chemical Industries Limited is a leading company in the manufacturing of specialty chemicals. Due to its products, it has a good hold in the global markets. Industrial salt , bromine and sulfate of potash are the main products of Archean Chemicals. Archean Chemical Industries Limited claims that it is a green organization from start to finish.  Archean Chemical is India's largest Manufacturer and Exporter of Bromine and Industrial Salt. Archean chemicalThe portfolio of products is formulated by Potassium Sulphate (SOP). It makes full use of sea water for its raw material. Bromine is a reactive halogen used in applications ranging from fire retardants to disinfectants. It is in liquid state at standard temperature and pressure. We Archean Chemical use salt water from the Rann of Kutch to produce liquid bromine of the highest quality. They contain less than 60 ppm of chlorine in bromine and less than 30 ppm of moisture. Industrial salt is a base chemical used in industries ranging from glass manufacturing to case-hardened steel. Industrial salt is made of sodium metal and the halogen chlorine. It is a crystalline powder in its natural state.

Allotment, listing and other details

This IPO will open on 09 November and close on 11 November. Talking about other dates, November 16 can be allotment, November 17 refund, November 18 for share demat credit and  November 21 can be the listing date  . Share allotment status can be viewed on Link Intime's website. Link Intime India Private Ltd is the Registrar of this IPO. This IPO will be listed on both BSE and NSE exchanges. In this issue, 75% shares have been offered to QIB, 15% to NII and 10% to retail investors. The face value of the IPO is ₹ 2 per share.

Archean Chemical IPO GMP – 88

Financial information of Archean Chemical IPO (figures are in crores)

Talking about the company's revenue, it was 573 crores in FY-19, 617 crores in FY-20 and 741 and 1143 crores in FY-21 and FY-22. The profit of the company was 40 crores in the financial year FY-19, 66 crores in FY-21 and FY-22 -188 crores. By the end of June 2022, the company has a debt of 915 crores. The company incurred a loss of 14.50 crores in FY-20.

Archean Chemical IPO Subscription Status

The response of the investors regarding this IPO was very good. This IPO has been subscribed 32.23 times. Out of this, QIB 48.91, NII 14.90 and Retail 9.96 times have been subscribed the most. After this IPO, the promoter's holding will come down from 65.58% to 53.41%. Ravi Pendurthi and Ranjit Pendurthi are the promoters of the company.

Archean Chemicals IPO Price, GMP, Allotment and Subscription Status Details in Hindi. Archean Chemical Industries IPO information. Archean Chemicals IPO Price, GMP, Allotment and Subscription Status Details in Hindi. Archean Chemical Industries IPO information.  Reviewed by Admin on November 24, 2022 Rating: 5

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