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Archean Chemical Industries Limited IPO (Archean Chemical IPO) Detail

Nov 9, 2022 - Nov 11, 2022

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.

Company Financials

Archean Chemical Industries Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-191260.51572.9139.9742.37772.02
31-Mar-201428.6617-36.245.97929.26
31-Mar-221529.681142.83188.58261.06921.87
30-Jun-221606.65408.8284.41345.44915.58
Amount in ₹ Crore

Objects of the Issue

The Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale.

The 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 the Company.

2. General corporate purposes.

Archean Chemical IPO Details

IPO Date Nov 9, 2022 to Nov 11, 2022
Listing Date Monday, November 21, 2022
Face Value ₹2 per share
Price ₹386 to ₹407 per share
Lot Size 36 Shares
Issue Size35,928,870 shares of ₹2
(aggregating up to ₹1,462.31 Cr)
Fresh Issue19,778,870 shares of ₹2
(aggregating up to ₹805.00 Cr)
Offer for Sale16,150,000 shares of ₹2
(aggregating up to ₹657.31 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
QIB Shares OfferedNot less than 75% of the Offer
NII (HNI) Shares OfferedNot more than 15% of the Offer
Retail Shares OfferedNot more than 10% of the Offer
Company Promoters

Chemikas Speciality LLP, Ravi Pendurthi and Ranjit Pendurthi are the company promoters.

Archean Chemical IPO Tentative Timetable

Archean Chemical IPO opens on Nov 9, 2022, and closes on Nov 11, 2022. The Archean Chemical IPO bid date is from Nov 9, 2022 10.00 A.M. to Nov 11, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Nov 9, 2022
Closing Date Nov 11, 2022
Basis of Allotment Nov 16, 2022
Initiation of Refunds Nov 17, 2022
Credit of Shares to Demat Nov 18, 2022
Listing Date Nov 21, 2022

Archean Chemical IPO Lot Size

The Archean Chemical IPO lot size is 36 shares. A retail-individual investor can apply for up to 13 lots (468 shares or ₹190,476).

Application Lots Shares Amount
Retail (Min) 1 36 ₹14,652
Retail (Max) 13 468 ₹190,476
S-HNI (Min) 14 504 ₹205,128
B-HNI (Min) 69 2,484 ₹1,010,988

Archean Chemical IPO Promoter Holding

Pre Issue Share Holding 65.58%
Post Issue Share Holding 53.41%

Archean Chemical IPO Review

ACIL has created a niche place as a specialty chemical manufacturer and exporter. It has started bearing fruits for its undergoing downstream expansions that have helped in improving margins. Based on its FY23 earnings, the issue appears reasonably priced. Considering ongoing fancy for specialty chemical shares, investors may consider investing in this blue chip in the offing for medium to long-term rewards. Read detail review...


Archean Chemical IPO Subscription Status (Bidding Detail)

The Archean Chemical IPO is subscribed 32.23 times on Nov 11, 2022 7:00:00 PM. The public issue subscribed 9.96 times in the retail category, 48.91 times in the QIB category, and 14.90 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB48.91
NII14.90
    bNII (bids above ₹10L)16.90
    sNII (bids below ₹10L)10.92
Retail9.96
Total32.23

Archean Chemical IPO Prospectus

Archean Chemical IPO Rating

882
3.9
Rating:Rated 3.9 stars
Vote Here ...

Archean Chemical IPO Listing Date

Listing Date Monday, November 21, 2022
BSE Script Code 543657
NSE Symbol ACI
Listing In B Group of Securities
ISIN INE128X01021
IPO Price ₹407 per share
Face Value ₹2 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹407.00
₹449.00
₹440.05
₹476.05
₹457.95
NSE
₹407.00
₹450.00
₹440.20
₹476.00
₹458.15

Company Contact Information

Archean Chemical Industries Limited
No. 2, North Crescent Road,
T Nagar, Chennai 600 017
Tamil Nadu, India
Phone: +91 44 6109 9999
Email: info@archeanchemicals.com
Website: https://www.archeanchemicals.com/

Archean Chemical IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: archean.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Archean Chemical IPO FAQs

Archean Chemical IPO is a main-board IPO of 35,928,870 equity shares of the face value of ₹2 aggregating up to ₹1,462.31 Crores. The issue is priced at ₹386 to ₹407 per 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.

Zerodha customers can apply online in Archean Chemical IPO using UPI as a payment gateway. Zerodha customers can apply in Archean Chemical IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Archean Chemical IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Archean Chemical IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

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

Archean Chemical IPO lot size is 36 Shares and the minimum order quantity is .

You can apply in Archean Chemical IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Archean Chemical IPO will be done on Nov 16, 2022, and the allotted shares will be credited to your demat account by Nov 18, 2022. Check the Archean Chemical IPO allotment status.

The Archean Chemical IPO listing date is on Monday, November 21, 2022.
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