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Archean Chemical IPO: Date, Price, Review, Analysis, Allotment

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 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.

    What is Archean Chemical IPO Date?
    Archean Chemical IPO Date is 09 November 2022.

    What is Archean Chemical IPO Price Band?
    Archean Chemical's IPO Price Band is ₹386 to ₹407.

    What is Archean Chemical IPO Expected Return?
    Archean Chemical IPO Expected Returns is approx -%.

    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.

    Important Links

    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

    Archean Chemical IPO open date: 09 November 2022, Closing date: 11 November 2022, and Listing date: 21 November 2022. The price band of Archean Chemical IPO is ₹386 to ₹407 per share. Harsha Engineer's IPO issue size is Rs 1462.31 crores. Archean Chemical IPO retail portion is 10%, the QIB portion is 75%, and NII Portion is 15%.
    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

    Archean Chemical IPO's minimum lot size is 36 shares with ₹14,652 application amount and the maximum lot size is 468 shares with ₹190,476 application amount.
    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

    [Note: Not rated yet.]

    Review For Listing Gain

    Review For Short term

    Review For Long term


    • 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.


    • 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)

    YearTotal AssetsRevenueProfit
    Mar 2019₹1260.51₹572.91₹39.97
    Mar 2020₹1428.6617₹(-36.24)
    Mar 2022₹1529.68₹1142.83₹188.58
    Jun 2022₹1606.65₹408.82₹84.41


    The promoters of the company are:
    • Chemikas Speciality LLP
    • Ravi Pendurthi
    • Ranjit Pendurthi

    Contact Details of Archean Chemical

    Archean Chemical International Limited
    No. 2, North Crescent Road,
    T Nagar, Chennai 600 017,
    Tamil Nadu, India
    Telephone: +91 44 6109 9999
    E-mail: info@archeanchemicals.com

    Archean Chemical Lead Managers

    • JM Financial Limited
    • ICICI Securities Limited
    • IIFL Securities Limited

    Archean Chemical IPO Registrars

    Link Intime India Private Limited
    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


    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

    What is Archean Chemical IPO Price Band?
    Archean Chemical IPO Price Band is ₹386 to ₹807.

    What is the Archean Chemical IPO Opening Date?
    Archean Chemical IPO Opening date is 09 November 2022.

    What is the Archean Chemical IPO Closing Date?
    Archean Chemical IPO Closing date is 11 November 2022.

    What is the Archean Chemical IPO Allotment date?
    Archean Chemical IPO Allotment Date is  16 November 2022.

    What is the Archean Chemical IPO Listing Date?
    The Archean Chemical IPO Date is 21 November 2022.

    What is Archean Chemical IPO issue size?
    Archean Chemical IPO issue size is ₹1462.31 Crores.

    What is Archean Chemical IPO Expected Returns?
    Archean Chemical IPO Expected Returns is -%.

    How to Apply the Archean Chemical Ltd IPO with Zerodha?

    1. Open your Zerodha kite app and visit the Account tab, then see for console and click on IPO. 
    2. If you are a Desktop user then Log in to the Console on Zerodha Website. Go to Portfolio and Click on IPO. 
    3. You will see the IPO name "Archean Chemical Ltd". 
    4. Then, Click on Bid Button.
    5. Then, Enter your UPI ID.
    6. Then, Fill in the Quantity and Price. (we recommend, that you should choose the cutoff price.)
    7. Then Submit the IPO Application Form.
    8. Now go to your UPI App (PhonePe, Google Pay, etc) or BHIM App to Approve the mandate.

    We hope you like this article about Archean Chemical IPO. If you have a query about Archean Chemical IPO then, leave a comment. Here you can also stay updated about the upcoming IPO. Also, you can track IPO performance. Thanks for Visiting. Happy Investing.

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