Archean Chemical IPO Date, Price, Review
Archean Chemical IPO: Know everything about Archean Chemical IPO. Archean Chemical Limited IPO Date, Archean Chemical Ltd IPO Review and analysis. We will discuss about Archean Chemical IPO Benefits & Risks. Also, all information related to Archean Chemical IPO like price band, all important dates, issue size, Brockrage Review, and retail quota etc.
Archean Chemical IPO
Archean Chemical Industries Limited is a leading specialty marine chemical manufacturer in India exporting Bromine, Industrial Salt and Sulphate of Potash worldwide. Archean Chemical Ltd Has filed its DRHP (Draft Red Herring Prospectus) with market regulator SEBI (Securities and Exchange Board of India) to raise around Rs 1462.31 crore through IPO (Initial public offering).
Archean Chemical IPO will open on 09 November 2022 and close on 11 November 2022. The Archean Chemical IPO price band is ₹386 to ₹407. Harsha Engineer's IPO size is 1462.31 Crores. The offer includes 805 Crores under fresh issue and 657.31 Crores under offer for sale. Archean Chemical IPO QIB quota is 75%, NII quota is 15% and RII quota is 10%. Archean Chemical IPO listing date is 21 November 2022. You can know about Archean Chemical IPO GMP (Grey Market Premium) below.
Archean Chemical has given good financial performance. The company made a profit of ₹188.58 crores in the financial year 2022 (till March 2021). The IPO of Archean Chemical will be listed on NSE and BSE. Archean Chemical IPO's face value is ₹2 per equity share.
We will talk about Archean Chemical's financials, benefits, and risks of investing in the company.
About Archean Chemical International Ltd
Archean Chemical Industries Ltd. has emerged as India's largest exporter of bromine and industrial salt in the financial year 2021. The company is the leading specialty marine chemical manufacturer in India. The company has a presence not only in the country but across the globe.
The company markets products to 18 global customers and 24 domestic customers in 13 countries. The company was the largest exporter of industrial salt in India with exports of 2.7 million metric tonnes in FY 2021. And also Archion Chemical Industries Limited is the only manufacturer of Sulphate Potash in India.
Purpose of the offer
- To prepay/repay all or a part of the dues raised by the company.
- To finance capital expenditure requirements for the purchase of new machinery.
- To meet general corporate objectives.
Archean Chemical IPO Date and Price Band Details
| IPO Open: | 09 November 2022 |
| IPO Close: | 11 November 2022 |
| Listing Date: | 21 November 2022 |
| Listing On: | NSE & BSE |
| IPO Size: | Approx ₹1462.31 crores |
| Fresh Issue: | Approx ₹805 crores |
| Offer For Sale: | Approx ₹657.31 crores |
| Price Band: | ₹386 to ₹407 per share |
| Face Value: | ₹2 per Equity share |
| QIB Portion: | 75% |
| Retail Portion: | 10% |
| NII Portion: | 15% |
| Employee Res: | Not Disclosed |
Archean Chemical IPO Lot Size Details
| Minimum Lot: | 01 |
| Minimum Lot Size: | 36 Shares |
| Minimum Amount: | ₹14,652 |
| Maximum Lot: | 13 |
| Maximum Lot Size: | 468 Shares |
| Maximum Amount: | ₹190,476 |
Archean Chemical IPO Open, Close, Allotment, and Listing Date
| Ipo Opening Date: | 09 November 2022 |
| IPO Closing Date: | 11 November 2022 |
| Basis of Allotment: | 16 November 2022 |
| Refund Date: | 17 November 2022 |
| Credit to Demat Account: | 18 November 2022 |
| Listing Date: | 21 November 2022 |
Archean Chemical IPO Review
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You can also check the latest IPO subscription status and IPO allotment status of Archean Chemical IPO on our website.
Archean Chemical Ipo Rating
Review For Listing Gain
Review For Short term
Review For Long term
Strength
- Archean Chemical Industries Limited has emerged as India's largest exporter of Bromine and Industrial Salt in FY 2021.
- There is less potential for competition from the new company in the future as the specialty marine chemicals business has high entry barriers.
- The financial performance of the company has been good.
- The company has a well-experienced promoter and an experienced management team.
Risks
- A major part of the company's revenue depends on the number of certain customers.
- Companies mainly rely on the services of third-party logistics providers.
- The case against his company and promoters is currently pending. If these do not come in favor of the company then it can have a negative impact on the company.
Archean Chemical Ltd Financials
Archean Chemical Financials(in Crores)
| Year | Total Assets | Revenue | Profit |
|---|---|---|---|
| Mar 2019 | ₹1260.51 | ₹572.91 | ₹39.97 |
| Mar 2020 | ₹1428.6 | ₹617 | ₹(-36.24) |
| Mar 2022 | ₹1529.68 | ₹1142.83 | ₹188.58 |
| Jun 2022 | ₹1606.65 | ₹408.82 | ₹84.41 |
Promoters
- Chemikas Speciality LLP
- Ravi Pendurthi
- Ranjit Pendurthi
Contact Details of Archean Chemical
No. 2, North Crescent Road,
T Nagar, Chennai 600 017,
Tamil Nadu, India
Telephone: +91 44 6109 9999
E-mail: info@archeanchemicals.com
Website:www.archeanchemicals.com
Archean Chemical Lead Managers
- JM Financial Limited
- ICICI Securities Limited
- IIFL Securities Limited
Archean Chemical IPO Registrars
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli (West)
Mumbai 400 083, Maharashtra
Telephone: +91 22 4918 6200
Email: archean.ipo@linkintime.co.in
Website:www.linkintime.co.in
Conclusion
Archean Chemical Industries Ltd. is India's largest exporter of Bromine and Industrial Salt and the company also has a good financial track record. Our suggestion will be updated when Archean Chemical Ltd. IPO starts. Archion Chemical Limited IPO financial statement and other information is given above.
Archean Chemical IPO FAQs
How to Apply the Archean Chemical Ltd IPO with Zerodha?
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