Archean Chemical Industries Limited IPO Detail
Archean Chemical Industries Limited is the largest exporter of bromine and industrial salt in India 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 the products to 13 global customers in 13 countries and 29 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 have an integrated production facility for the bromine, industrial salt, and sulphate of potash operations, located at Hajipir, Gujarat, which is located on the northern edge of the Rann of Kutch brine fields.
- Leading market position, expansion and growth in bromine and industrial salt.
- High entry barriers in the speciality marine chemicals industry.
- Established infrastructure and integrated production with cost efficiencies.
- Focus on environment and safety.
- Largest Indian exporter of bromine and industrial salt with a global customer base.
- Strong and consistent financial performance.
- Experienced management team, promoters and financial investors and stakeholders.
Company PromotersChemikas Speciality LLP, Ravi Pendurthi and Ranjit Pendurthi are the company promoters.
|IPO Opening Date||Nov 09, 2022|
|IPO Closing Date||Nov 11, 2022|
|Issue Type||Book Built Issue IPO|
|Face Value||₹2 per equity share|
|IPO Price||₹386 - 407 per equity share|
|Market Lot||36 Shares|
|Min Order Quantity||36 Shares|
|Listing At||BSE, NSE|
|Issue Size||₹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)|
IPO Subscription (Bidding Detail)
IPO Tentative Timetable
The Archean Chemical Industries Limited IPO open date is Nov 09, 2022, and the close date is Nov 11, 2022. The issue may list on Nov 21, 2022.
|IPO Open Date||Nov 09, 2022|
|IPO Close Date||Nov 11, 2022|
|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|
IPO Lot Size
The Archean Chemical Industries Limited IPO market lot size is 36 shares. A retail-individual investor can apply for up to 13 lots (468 shares or ₹190476).
IPO Promoter Holding
|Pre Issue Share Holding||65.58%|
|Post Issue Share Holding||53.41%|
For the year/period ended (₹ in Crore)
|Financial Year||Total Assets||Total Revenue||Profit After Tax|
Objects of the Issue:
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:
1. Redemption or earlier redemption, in part or full, of NCDs issued by the Company.
2. General corporate purposes.
Archean Chemical Industries Limited IPO Registrar:
Link Intime India Private Ltd
Archean Chemical Industries Limited IPO Lead Manager(s):
IIFL Securities Ltd ICICI Securities Limited JM Financial Consultants Private Limited
Company Contact Information:
Archean Chemical Industries Limited
No. 2, North Crescent Road, T Nagar