Archean Chemical Industries Limited is India's largest exporter of bromine and industrial salt in Fiscal 2021. The company is the leading speciality marine chemical manufacturer in India and is focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world.
Archean Chemical Industries markets theproducts to 18 global customers in 13 countries and to 24 domestic customers. The company was the largest exporter of industrial salt in India with exports of 2.7 million MT in Fiscal 2021.
Archean Chemical Industries Limited are the largest exporter of Bromine from India. The company is the only manufacturer of sulphate potash in India. The company's marine chemicals business is predominately conducted on a business-to-business basis both in India and internationally.
The company has an integrated production facility for the bromine, industrial salt, and sulphate of potash operations, located at Hajipir, Gujarat, located on the northern edge of the Rann of Kutch brine fields.
The Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale. The company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects:
| IPO Opening Date | 9 Nov 2022 |
|---|---|
| IPO Closing Date | 11 Nov 2022 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 Equity Share |
| IPO Price | ₹386 to ₹407 per share |
| Market Lot | 36 Shares |
| Min Order Quantity | 36 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] shares of ₹2 (aggregating up to ₹1,462.31 Cr) |
| Fresh Issue | [.] shares of ₹2 (aggregating up to ₹805.00 Cr) |
| Offer for Sale | 16,150,000 shares of ₹2 (aggregating up to ₹657.31 Cr) |
| QIB Shares Offered | Not less than 75% of the Offer |
| Retail Shares Offered | Not more than 10% of the Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Offer |
| Basis of Allotment Date | Nov 16, 2022 |
|---|---|
| Initiation of Refunds | Nov 17, 2022 |
| Credit of Shares to Demat Account | Nov 18, 2022 |
| IPO Listing Date | Nov 21, 2022 |
Archean Chemical IPO is a main-board IPO of [.] equity shares of the face value of ₹2 aggregating up to ₹1,462.31 Crores. The issue is priced at ₹386 to ₹407 per share. The minimum order quantity is 36 Shares.
The IPO opens on Nov 9, 2022, and closes on Nov 11, 2022.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Archean Chemical IPO opens on Nov 9, 2022 and closes on Nov 11, 2022.
Archean Chemical IPO lot size is 36 Shares and the minimum order quantity is 36 shares.
You can apply in Archean Chemical IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.
The finalization of Basis of Allotment for Archean Chemical IPO will be done on Nov 16, 2022, and the allotted shares will be credited to your demat account by Nov 18, 2022.
Check the IPO allotment status.
The Archean Chemical IPO listing date is Nov 21, 2022. The tentative date of Archean Chemical IPO listing is Nov 21, 2022.
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