ARCHEAN CHEMICAL INDUSTRIES LTD. IPO was launched on 9-Nov-22. Here is all you need to know about this IPO.
Archean Chemical Industries is India's largest exporter of bromine and industrial salt as of financial year 2020-2021. 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. 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.
ARCHEAN CHEMICAL INDUSTRIES LTD. IPO Details | |
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Issue Opening Date | 9-Nov-22 |
Issue Closing Date | 11-Nov-22 |
Issue Type | OFFERS FOR SALE CUM FRESH CAPITAL |
Issue Size (INR bn) | 14.6 |
Fresh Issue (No.of shares) | 19,778,869 |
Offer for Sale (No.of shares) | 16,150,000 |
Face Value (INR) | 2.00 |
IPO Price Band (INR) | 386 to 407 |
Market Lot (No.of shares) | 36 |
Min Order Quantity | 36 |
Listing At | NSE / BSE |
Pricing Method | BOOKBUILDING |
Year of Incorporation | 2009 |
Industry | CHEMICALS |
Total Issue Size (No.of shares) | 35,928,869 |
Objects Of Issue | REDEMPTION OR EARLIER REDEMPTION, IN PART OR FULL, OF NCDS ISSUED BY COMPANY #GENERAL CORPORATE PURPOSES #OFFER RELATED EXPENSES IN RELATION TO THE FRESH ISSUE |
Registrar Details | LINK INTIME INDIA PVT.LTD. |
ARCHEAN CHEMICAL INDUSTRIES LTD. IPO Timetable | |
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Bid/Offer Launch Date | 9-Nov-22 |
Bid/Offer Close Date | 11-Nov-22 |
Basis of Allotment Finalization Date | - |
Initiation of Refunds | - |
Credit of Shares to Demat Account | - |
Listing Date | 21-Nov-22 |
ARCHEAN CHEMICAL INDUSTRIES LTD. IPO Shares Offered | |
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Category | Shares Offered |
QIB | 26,946,653 |
HNI | 5,389,330 |
Retail | 3,592,886 |
Employee | - |
Others | - |
Total | 35,928,869 |
ARCHEAN CHEMICAL INDUSTRIES LTD. IPO Promoter Holding | |
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Pre Issue Share Holding | 66% |
Post Issue Share Holding | 54% |
ARCHEAN CHEMICAL INDUSTRIES LTD. Overall Subscription details (Times subscribed) | |
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Category | Subscription Status |
QIB | 20.35 |
HNI | 13.77 |
Retail | 10.06 |
Employee | - |
Others | - |
Total | 18.34 |
ARCHEAN CHEMICAL INDUSTRIES LTD. Date wise Subscription | |||||||
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Date | QIB | HNI | Retail | Employee | Mutual Funds | Others | Total |
Day 1 (9-Nov-22) | 0.04 | 0.37 | 0.98 | - | - | - | 0.62 |
Day 2 (10-Nov-22) | 0.57 | 2.14 | 3.03 | - | - | - | 1.23 |
Day 3 (11-Nov-22) | 48.10 | 15.35 | 10.26 | - | 57.57 | - | 18.35 |
ARCHEAN CHEMICAL INDUSTRIES LTD. Financials | ||||
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Year Ending | - | - | 31-Mar-21 | |
Total Income | (Rs m) | - | - | 7,547.90 |
Total Expenditure | (Rs m) | - | - | 6,643.30 |
Net Profit After Tax | (Rs m) | - | - | - |
Company Address | NO.2,NORTH CRESCENT ROAD, T.NAGAR, CHENNAI 600017, TAMIL NADU |
Data Sourced from:
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Below is the schedule for the same:
ARCHEAN CHEMICAL INDUSTRIES LTD. IPO
IPO opens on: 9-Nov-22
IPO closes on: 11-Nov-22
The lot size of ARCHEAN CHEMICAL INDUSTRIES LTD. IPO is 36 shares. Investors will need to apply for a minimum order of 36 shares and in multiples thereof.
An investor can apply in ARCHEAN CHEMICAL INDUSTRIES LTD. IPO online using either UPI or Application Supported by Blocked Amount (ASBA) as payment method.
While ASBA IPO application is available in the net banking section, UPI IPO application is offered by brokers who don't offer banking services.
The tentative finalization of basis of allotment for ARCHEAN CHEMICAL INDUSTRIES LTD. IPO will be done on -, and the allotted shares will be credited to your demat account by -.
The tentative listing date of ARCHEAN CHEMICAL INDUSTRIES LTD. IPO is scheduled for 21-Nov-22.
Shares of ARCHEAN CHEMICAL INDUSTRIES LTD. are expected to list on NSE / BSE.
At present, one share of ARCHEAN CHEMICAL INDUSTRIES LTD. has a face value of Rs 2.00.
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