Archean Chemical IPO GMP, Price, Date, Allotment

Archean Chemical IPO GMPArchean Chemical IPO Review
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Archean Chemical IPO

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.

Archean Chemical IPO GMP

Promoters of Archean Chemical Industries – Chemikas Speciality LLP, Ravi Pendurthi and Ranjit Pendurthi

Archean Chemical IPO Details

Archean Chemical IPO Dates9 – 11 November 2022
Archean Chemical IPO Price INR 386 – 407 per share
Fresh issueINR 805 crore
Offer For Sale16,150,000 shares
Total IPO sizeINR 1,462.31 crore
Minimum bid (lot size)36 shares (INR 14,652)
Face Value INR 2 per share
Retail Allocation10%
Listing OnNSE, BSE

Archean Chemical Financial Performance

 FY 2019FY 2020FY 2021FY 2022
Net income39.9(36.4)66.4188.7
Margin (%)7.06(5.98)8.9616.69
Figures in INR crore unless specified otherwise

Archean Chemical Offer News

Archean Chemical Valuations & Margins

FY 2019FY 2020FY 2021FY 2022
PE ratio21.14 – 22.29
RONW (%)94.34(606.95)92.0472.24
ROCE (%)17.8111.2321.0134.62
EBITDA (%)34.3725.7837.2942.42
As per Consolidated Financial Information

Archean Chemical IPO GMP Today (Daily Trend)

DateDay-wise IPO GMPKostakSubject to Sauda
19 Nov 202290
18 Nov 202290250950
17 Nov 202285250950
16 Nov 202280250950
15 Nov 2022903001,000
14 Nov 2022853001,000
12 Nov 2022753001,000
11 Nov 2022753001,000
10 Nov 202270200700
9 Nov 202260
8 Nov 202260
7 Nov 202260
4 Nov 202260
3 Nov 202250

Archean Chemical IPO Subscription – Live Updates

Shares Offered1,07,06,09555,50,73837,00,4921,99,57,325
9 Nov 20220.040.360.950.30
10 Nov 20220.542.072.941.41
11 Nov 202248.9114.909.9632.23
As at 7 PM

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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: +91 22 4918 6200 
Email: [email protected]

Archean Chemical Contact Details

Archean Chemical Industries Limited
No. 2, North Crescent Road
T Nagar, Chennai 600 017
Tamil Nadu
Phone: +91 44 6109 9999
Email: [email protected]

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 Date9 November 2022
Archean Chemical IPO Closing Date11 November 2022
Finalisation of Basis of Allotment16 November 2022
Initiation of refunds17 November 2022
Transfer of shares to demat accounts18 November 2022
Archean Chemical IPO Listing Date21 November 2022
Opening Price on NSEINR 450 per share (up 10.57%)
Closing Price on NSEINR 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.


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