Archean Chemical IPO Subscription Status: Expected Return, Gray Market Premium & Kostak Rate Today.
IPO Listing Date: Monday, 21 November 2022, 10:00 AM
Archean Chemical Industries IPO Subscription Status?
As of Last day 11th November 2022 07:00 PM IST. The IPO has been subscribe 32.23 Times.
| Category | Status |
|---|---|
| Retail Individual Investor | 9.96 Times |
| Non-Institutional Investor | 14.90Times |
| Qualified Institutional Buyers | 48.91 Times |
| Employee | – |
| Total | 32.23 Times |
What is Archean Chemical IPO GMP Today?
IPO GMP is ₹80 as of today.
What is Archean Chemical Industries IPO GMP today?
IPO GMP today is Rs 80 INR per share.
What are the Expected Returns from the Archean Chemical IPO?
Expected Return 15-20%
What is Archean Chemical IPO Kostak Rate Today?
IPO Kostak Rate is ₹- as of today.
What is Archean Chemical IPO Subject to Sauda Rate?
Subject to Sauda Rate Rs # /-
Gray Market Premium (GMP) Day by Day
| Date | GMP in RS |
|---|---|
| 12-Nov-2022 | 80 |
| 11-Nov-2022 | 80 |
| 10-Nov-2022 | 70 |
| 09-Nov-2022 | 70 |
| 08-Nov-2022 | 70 |
| 07-Nov-2022 | 70 |
| 06-Nov-2022 | 70 |
| 05-Nov-2022 | 70 |
Archean Chemical Industries Limited IPO Details
| Issue Amount | Upto Rs 1,462.31 Crores |
| IPO Open Date | Nov 9, 2022 to Nov 11, 2022 |
| Face Value | Rs 2 Per Share |
| Price Band | Rs 386 to 407 |
| Lot Size | 36 Shares |
| Offer for Sale | 3,59,28,870 Equity Shares |
| Offer Type | Book Built Offer |
| IPO Registrar | Link Intime India Private Limited |
Archean Chemical Industries Ltd. IPO Timeline, IPO Open Date, Listing Date, Refund Date
| Event | Tentative Date |
|---|---|
| IPO Open Date | 9 November 2022 |
| IPO Close Date | 11 November 2022 |
| Time | 10 AM to 5 PM |
| Basis of Allotment Date | 16 November 2022 |
| Initiation of Refunds | 17 November 2022 |
| Credit of Shares to Demat Account | 18 November 2022 |
| IPO Listing Date (Trading Commence) NSE & BSE | 21 November 2022 |
About the company
The Company was originally formed as a partnership firm under the name of “Archean Chemical Industries” at Chennai,Tamil Nadu, India pursuant to a partnership deed dated November 20, 2003 which was registered under the Indian Partnership Act, 1932 with the Registrar of Firms, Chennai, Tamil Nadu, India on November 25, 2003. Subsequently, the partnership firm was converted into private limited company under the Companies Act, 1956 with the name “Archean Chemical Industries Private Limited” and a certificate of incorporation dated July 14, 2009 was issued by the Registrar of Companies, Tamil Nadu at Chennai.
Consequent upon conversion into a public limited company under the Companies Act, 2013 pursuant to a special resolution passed by our Shareholders on November 15, 2021 and fresh certificate of in corporation dated December 15, 2021 issued by the Registrar of Companies, Tamil Nadu at Chennai, the name of our Company was changed to “Archean Chemical Industries Limited”. For details of change in name and Registered Office of our Company, see “History and Certain Corporate Matters” on page 17
Archean Chemical Industries Limited is a leading specialty marine chemical manufacturer in India and focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world. The company produces its products from the brine reserves in the Rann of Kutch, located on the coast of Gujarat, and it manufactures its products at its facility near Hajipir in Gujarat.
Its bromine is used as key initial level materials, which have applications in pharmaceuticals, agrochemicals, water treatment, flame retardant, additives, oil & gas and energy storage batteries. Industrial salt is an important raw material used in chemical industry for production of sodium carbonate (soda ash), caustic soda, hydrochloric acid, chlorine, bleaching powders, chlorates, sodium sulphate (salt cake) and sodium metal.
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Founded: 2003
Company Promoters & Managing Director of the Company
Promoters : Chemikas Speciality LLP, Ravi Pendurthi And Ranjit Pendurthi
Managing Director : Ranjit Pendurthi
Offer Breakup
| Category | Allocation |
|---|---|
| Qualify Institutional Bidders (QIB) | 75% |
| Non Institutional Byers (NIB) | 15% |
| Retail Individual Investor (RII) | 10% |
| Employee | – |
| Total | 100% |
Objects Of The Offer:
The Net Proceeds are proposed to be utilised in the following manner:
- Redemption or earlier redemption, in part or full, of NCDs issued by our Company 6,440.00
- General corporate purposes(1) [●]
Important Financial Data:
For the year/period ended (₹ in Crores) Last Three Year
| Particulars (in ₹ Crores) As per 31 March, | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | 1,529.68 | 1,432.43 | 1428.6 |
| Total Revenue | 1,142.82 | 754.79 | 617 |
| Net Profit & Loss For The Period After Tax | 188.68 | 66.38 | -36.38 |
Prospectus Document:
Download RHP File
Download DRHP File
Know all about this IPO
Archean Chemical Industries Ltd. IPO Issue Amount?
Issue Amount : Upto Rs 1,462.31 Crore.
What is Archean Chemical Industries IPO?
IPO is a main-board IPO. They are going to raise ₹ 1,462.31 Crores via IPO. The issue is priced at ₹ 386 to ₹ 407 per equity share. The IPO is to be listed on BSE & NSE.
Archean Chemical Industries IPO Open?
Wednesday, 9 November 2022 to Friday 11 November 2022.
Archean Chemical Industries Limited IPO Will Open?
The IPO is to open on 9 November 2022 for QIB, NII, and Retail Investors.
The Archean Chemical Industries IPO Promoter Holding
Pre Issue Share Holding: 65.58%
Post Issue Share Holding: 55.04%
Company Address & Contact Info.
Registered and Corporate Office:
No.2, North Crescent Road, T Nagar
Chennai 600 017, Tamil Nadu, India
Contact Person: Gnanavelu Arunmozhi,
Company Secretary and Compliance Officer;
Tel: +91 4461099999;
E-mail: info@archeanchemicals.com
Website: www.archeanchemicals.com
Corporate Identity Number: U24298TN2009PLC072270
Archean Chemical Industries Limited IPO Registrar
Link Intime India Private Limited
C 101, 247 Park L.B.S Marg Vikhroli
(West) Mumbai 400 083 Maharashtra
India Tel:+91810 811 4949
E-mail: archean.ipo@linkintime.co.in
Investor Grievance
E-mail: archean.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
How to apply on Zerodha, Archean Chemical Industries Ltd. IPO through Zerodha?
Zerodha customers can apply online in Tarsons Products IPO using UPI as a payment gateway. Zerodha customers can apply in Archean Chemical Industries Ltd. IPO by login into Zerodha Console (back office) and Select an I.P.O application form.
Steps to apply in Archean Chemical Industries Ltd. IPO through Zerodha.
1. Visit the Zerodha website or Kite App and login to Zerodha.
2. Go to Console area and click the IPOs link.
3. Go to the ‘Archean Chemical Industries Ltd. IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. After Successfully submitting application, Visit the UPI App and approve the mandate (Enter your UPI pin & pay the ipo amount)
7. IPO application is complete you can check status on zerodha console.