Last updated on November 21, 2022
| Archean Chemical IPO GMP | Archean Chemical IPO Review |
| Archean Chemical IPO Subscription | Archean Chemical IPO Allotment Status |
Archean Chemical IPO description – The company is a specialty marine chemical manufacturer focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world. It’s the largest exporter of bromine and industrial salt in India in Fiscal 2021 and has amongst the lowest cost of production globally in both bromine and industrial salt. It produces its products from brine reserves in the Rann of Kutch, located on the coast of Gujarat, and manufactures products at its facility near Hajipir in Gujarat.
As of 30 September 2021, the company marketed its products to 13 global customers in 13 countries and to 29 domestic customers. Its bromine is used as key initial level materials, which have applications in the 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. Sulphate of potash is used as a fertilizer and also has medical uses. In the six months ended 30 September 2021, its sales of bromine and industrial salt constituted 59.22% and 40.72%, respectively of its revenue from operations.
Promoters of Archean Chemical Industries – Chemikas Speciality LLP, Ravi Pendurthi and Ranjit Pendurthi
Archean Chemical IPO Details
| Archean Chemical IPO Dates | 9 – 11 November 2022 |
| Archean Chemical IPO Price | INR 386 – 407 per share |
| Fresh issue | INR 805 crore |
| Offer For Sale | 16,150,000 shares |
| Total IPO size | INR 1,462.31 crore |
| Minimum bid (lot size) | 36 shares (INR 14,652) |
| Face Value | INR 2 per share |
| Retail Allocation | 10% |
| Listing On | NSE, BSE |
Archean Chemical Financial Performance
| Â | FY 2019 | FY 2020 | FY 2021 | FY 2022 |
| Revenue | 565.5 | 608.2 | 740.8 | 1,130.4 |
| Expenses | 659.8 | 633.7 | 664.3 | 891.8 |
| Net income | 39.9 | (36.4) | 66.4 | 188.7 |
| Margin (%) | 7.06 | (5.98) | 8.96 | 16.69 |
Archean Chemical Offer News
Archean Chemical Valuations & Margins
| FY 2019 | FY 2020 | FY 2021 | FY 2022 | |
| EPS | 5.44 | (3.51) | 6.45 | 18.26 |
| PE ratio | – | – | – | 21.14 – 22.29 |
| RONW (%) | 94.34 | (606.95) | 92.04 | 72.24 |
| NAV | – | – | 7.01 | 25.28 |
| ROCE (%) | 17.81 | 11.23 | 21.01 | 34.62 |
| EBITDA (%) | 34.37 | 25.78 | 37.29 | 42.42 |
| Debt/Equity | 18.22 | 155.66 | 13.53 | 3.53 |
Archean Chemical IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 19 Nov 2022 | 90 | – | – |
| 18 Nov 2022 | 90 | 250 | 950 |
| 17 Nov 2022 | 85 | 250 | 950 |
| 16 Nov 2022 | 80 | 250 | 950 |
| 15 Nov 2022 | 90 | 300 | 1,000 |
| 14 Nov 2022 | 85 | 300 | 1,000 |
| 12 Nov 2022 | 75 | 300 | 1,000 |
| 11 Nov 2022 | 75 | 300 | 1,000 |
| 10 Nov 2022 | 70 | 200 | 700 |
| 9 Nov 2022 | 60 | – | – |
| 8 Nov 2022 | 60 | – | – |
| 7 Nov 2022 | 60 | – | – |
| 4 Nov 2022 | 60 | – | – |
| 3 Nov 2022 | 50 | – | – |
Archean Chemical IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
| Shares Offered | 1,07,06,095 | 55,50,738 | 37,00,492 | 1,99,57,325 |
| 9 Nov 2022 | 0.04 | 0.36 | 0.95 | 0.30 |
| 10 Nov 2022 | 0.54 | 2.07 | 2.94 | 1.41 |
| 11 Nov 2022 | 48.91 | 14.90 | 9.96 | 32.23 |
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Archean Chemical Offer Registrar
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone:Â +91 22 4918 6200Â
Email:Â [email protected]
Website:Â www.linkintime.co.in
Archean Chemical Contact Details
Archean Chemical Industries Limited
No. 2, North Crescent Road
T Nagar, Chennai 600 017
Tamil Nadu
Phone:Â +91 44 6109 9999
Email:Â [email protected]
Website: www.archeanchemicals.com
Archean Chemical IPO Allotment Status
Archean Chemical IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Archean Chemical IPO Dates & Listing Performance
| Archean Chemical IPO Opening Date | 9 November 2022 |
| Archean Chemical IPO Closing Date | 11 November 2022 |
| Finalisation of Basis of Allotment | 16 November 2022 |
| Initiation of refunds | 17 November 2022 |
| Transfer of shares to demat accounts | 18 November 2022 |
| Archean Chemical IPO Listing Date | 21 November 2022 |
| Opening Price on NSE | INR 450 per share (up 10.57%) |
| Closing Price on NSE | INR 458 per share (up 12.53%) |
Archean Chemical IPO FAQs
How many shares in Archean Chemical IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 75%, NII – 15%, and Retail – 10%.
How to apply in Archean Chemical Public Offer?
The best way to apply in Archean Chemical public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is Archean Chemical IPO GMP today?
Archean Chemical IPO GMP today is INR 90 per share.
What is Archean Chemical kostak rate today?
Archean Chemical kostak rate today is INR NA per application.
What is Archean Chemical Subject to Sauda rate today?
Archean Chemical Subject to Sauda rate today is INR NA per application.
