Archean Chemical IPO Date, Price, GMP, Review, and Details
In Fiscal 2021, India’s biggest exporter of bromine and industrial salt is Archean Chemical Industries Limited. The company is the biggest producer of special marine chemicals in India. Its main products are bromine, industrial salt, and sulphate of potash, which it sells to customers all over the world.
Archean Chemical Industries sells its products to 18 customers in 13 countries around the world and 24 customers in the United States. In Fiscal 2021, the company exported 2.7 million MT of industrial salt, making it the biggest exporter of industrial salt in India.
Archean Chemical Industries Limited is the biggest company in India that exports bromine. The company is the only one in India that makes sulphate potash. Most of the company’s marine chemicals business is done with other businesses, both in India and around the world.
At Hajipir, Gujarat, on the northern edge of the Rann of Kutch brine fields, the company has an integrated production facility for bromine, industrial salt, and sulphate of potash.
Strengths:
- Bromine and industrial salt have the biggest share of the market, are growing, and are expanding.
- High barriers to getting into the specialty marine chemicals business.
- Infrastructure was set up, and production was integrated to save money.
- Focus on safety and the environment.
- The largest exporter of bromine and industrial salt from India, with customers all over the world.
- Strong financial performance that stays the same over time.
- A management team, founders, financial investors, and stakeholders with a lot of experience.
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-19 | 1260.51 | 572.91 | 39.97 | 42.37 | 772.02 |
| 31-Mar-20 | 1428.6 | 617 | -36.24 | 5.97 | 929.26 |
| 31-Mar-22 | 1529.68 | 1142.83 | 188.58 | 261.06 | 921.87 |
| 30-Jun-22 | 1606.65 | 408.82 | 84.41 | 345.44 | 915.58 |
| Amount in ₹ Crore | |||||
Goals of the Debate
The shareholders who are selling their shares will get their share of the money from the sale.
The company plans to use the money from the Net Proceeds of the New Issue to pay for the following:
1. NCDs given out by the company can be redeemed in full or in part at any time.
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 Size | 35,928,870 shares of ₹2 (aggregating up to ₹1,462.31 Cr) |
| Fresh Issue | 19,778,870 shares of ₹2 (aggregating up to ₹805.00 Cr) |
| Offer for Sale | 16,150,000 shares of ₹2 (aggregating up to ₹657.31 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not less than 75% of the Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Offer |
| Retail Shares Offered | Not more than 10% of the Offer |
| Company Promoters | Chemikas Speciality LLP, Ravi Pendurthi and Ranjit Pendurthi are the company promoters. |
Possible Schedule for Archean Chemical’s IPO
The IPO for Archean Chemical starts on November 9, 2022, and ends on November 11, 2022. The bid date for the Archean Chemical IPO is from November 9, 2022 at 10 a.m. to November 11, 2022 at 5 p.m. The last time to confirm a UPI Mandate is at 5 p.m. on the day the issue ends.
| 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 |
IPO Lot Size Archean Chemical
The number of shares in an Archean Chemical IPO lot is 36. A retail investor can apply for up to 13 lots, which is equal to 468 shares or 190,476, but not more.
| 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% |
The status of Archean Chemical’s IPO subscriptions (Bidding Detail)
On November 11, 2022, at 7:00:00 PM, 32,231 people have signed up for the IPO of Archean Chemical. The public offering was bought out 9.96 times by retail investors, 48.91 times by QIB investors, and 14.90 times by NII investors. Check the details of your Day by Day subscription (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 48.91 |
| NII | 14.90 |
| bNII (bids above ₹10L) | 16.90 |
| sNII (bids below ₹10L) | 10.92 |
| Retail | 9.96 |
| Total | 32.23 |
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 |
Company Contact Information
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/
FAQs about Archean Chemical’s IPO
What is an IPO for Archean Chemical?
Archean Chemical’s initial public offering (IPO) is a main-board offering of 35,928,870 equity shares with a face value of 2 each, for a total of 1,462.31 Crores. The price per share is between 386 and 407. The least you can order is 36 Shares.
The IPO starts on November 9 and ends on November 11.
The IPO is being kept track of by Link Intime India Private Ltd. It is planned to list the shares on the BSE and NSE.
How to apply for an IPO through Zerodha for Archean Chemical?
Customers of Zerodha can apply online for the Archean Chemical IPO and pay with UPI. Customers of Zerodha can sign up for the Archean Chemical IPO by logging into their “back office” (Zerodha Console) and filling out an IPO application form.
How to apply through Zerodha for the Archean Chemical IPO
- Log in to Console on the Zerodha website.
- Click the IPOs link on the Portfolio page.
- Click the “Bid” button next to the “Archean Chemical IPO” row.
- Type in your UPI ID, the amount, and the price.”Send in” your IPO application form.
- To approve the mandate, go to the UPI App (net banking or BHIM).
- Go to Review of the Zerodha IPO Application Process for more information.
When will Archean Chemical’s IPO start?
The IPO for Archean Chemical starts on November 9, 2022, and ends on November 11, 2022.
How do I apply for an IPO with Archean Chemical?
You can apply for the Archean Chemical IPO online, and you can pay with either UPI or ASBA. Your bank account’s online banking is where you can find the ASBA IPO application. Brokers offer the UPI IPO application, but they don’t do banking. Find out more about how to apply for an initial public offering (IPO) online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
When is Archean Chemical’s IPO?
The Basis of Allotment for Archean Chemical’s IPO will be finalised on November 16, 2022, and your demat account will be credited with the shares by November 18, 2022. Check on the status of the Archean Chemical IPO allotment.
When does Archean Chemical go public?
The IPO listing date for Archean Chemical is Monday, November 21, 2022.
