Archean Chemical Industries Limited
- IPO Date09 Nov, 2022 to 11 Nov, 2022
- Listing Date21 Nov, 2022
- Face Value₹2 per share
- Issue Price₹386 to ₹407 per share
- Lot Size36 Shares
- Minimum Investment₹14,652
- Listing AtBSE, NSE
- Total Issue Size3,59,28,870 Shares
(aggregating up to ₹1462.31 Cr) - Fresh Issue1,97,78,870 Shares
(aggregating up to ₹805.00 Cr)
- Offer for Sale1,61,50,000 Shares
(aggregating up to ₹657.30 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
11 Nov, 2022
Initiation of Refunds
18 Nov, 2022
Listing Date
21 Nov, 2022
09 Nov, 2022
Opening Date
16 Nov, 2022
Basis of Allotment
18 Nov, 2022
Credit of Shares
Archean Chemical Industries Limited Lot Size
Investors can bid for a minimum of 36 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| 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 Promoter Holding
Chemikas Speciality LLP, Ravi Pendurthi and Ranjit Pendurthi are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 65.58% | 53.41% |
Archean Chemical Industries Limited COMPANY INFORMATION
Archean Chemical IPO is a book built issue of Rs 1,462.31 crores. The issue is a combination of fresh issue of 1.98 crore shares aggregating to Rs 805.00 crores and offer for sale of 1.62 crore shares aggregating to Rs 657.31 crores. Archean Chemical IPO bidding started from November 9, 2022 and ended on November 11, 2022. The allotment for Archean Chemical IPO was finalized on Wednesday, November 16, 2022. The shares got listed on BSE, NSE on November 21, 2022. Archean Chemical IPO price band is set at ₹386 to ₹407 per share. The minimum lot size for an application is 36 Shares. The minimum amount of investment required by retail investors is ₹14,652. The minimum lot size investment for sNII is 14 lots (504 shares), amounting to ₹205,128, and for bNII, it is 69 lots (2,484 shares), amounting to ₹1,010,988. Iifl Securities Ltd, ICICI Securities Limited and Jm Financial Limited are the book running lead managers of the Archean Chemical IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Archean Chemical IPO RHP for detailed information.
Archean Chemical Industries Limited is India's largest exporter of bromine and industrial salt 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 theproducts to 18 global customers in 13 countries and to 24 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 has an integrated production facility for the bromine, industrial salt, and sulphate of potash operations, located at Hajipir, Gujarat, located on the northern edge of the Rann of Kutch brine fields.
Strengths:
- Leading market position, expansion and growth in bromine and industrial salt.
- High entry barriers in the speciality marine chemicals industry.
- Established infrastructure and integrated production with cost efficiencies.
- Focus on environment and safety.
- Largest Indian exporter of bromine and industrial salt with a global customer base.
- Strong and consistent financial performance.
- Experienced management team, promoters and financial investors and stakeholders.
FAQs About Archean Chemical Industries Limited
Archean Chemical Industries Limited will open on 09 Nov, 2022 and close on 11 Nov, 2022. Investors must apply within this period to participate.
The Archean Chemical Industries Limited price band is set between ₹386.00 and ₹407.00 per share. The minimum lot size is 36, requiring an investment of at least ₹14652.00.
The Archean Chemical Industries Limited shares are expected to be listed on 21 Nov, 2022, subject to regulatory approvals and final allotment.
You can track your Archean Chemical Industries Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Archean Chemical Industries Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.