Archean Chemical IPO – Archean Chemical Industries Limited is a leading manufacturer of specialty chemicals based in India and with a wide presence in the global markets.
List of Topic Covered
Key Features of Archean Chemical IPO
- Archean Chemical IPO will open on Nov 9, 2022
- You can apply in this IPO from Nov 9, 2022 to Nov 11, 2022.
- Issue Price band of the company is ₹386 to ₹407 per equity share.
- Archean Chemical IPO comprises fresh issue of equity shares worth ₹805 Crores and an offer for sale of approx 16,150,000 shares of ₹2 (₹657.31 Crores) .
- It has a minimum 36 shares in one lot and you have to spend a minimum of ₹14,652 for 1 lot.
- Archean Chemical is looking to raise ₹1,462.31 Crores through this IPO.
What is Archean Chemical Industries Limited
- Started operations in 2013, Archean Chemical is the leading manufacturer of specialty marine chemicals based in India with customers around the world.
- The company has experience in producing and exporting marine chemicals like liquid bromine, industrial salt, and sulfate of potash.
- They also quote to adhere to the process which causes minimal harm to the environment.
- Mr. Ranjit Pendurthi is the owner & MD of Archean Chemical Industries Limited.
- After making a loss in 2020, the company has made consistent profits in 2021 and 2022. Positive sign for investors.
Archean Chemical IPO GMP
Grey market is an unregulated market to trade IPO shares before listing. Archean Chemical IPO price band is placed at ₹386 to ₹407 , but the grey market premium of this share is currently 14.25% i.e. at ₹58. So the share price of Archean Chemical IPO in the grey market is ₹465 (₹407 + ₹58).
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Archean Chemical IPO Live Subscription Status
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Archean Chemical IPO Date, Lot Size, Allotment
Archean Chemical IPO Details
| IPO Start Date | November 9, 2022 |
| IPO Close Date | November 11, 2022 |
| Fresh Equity Share Issue | 19,778,870 shares of ₹2 (₹805.00 Cr) |
| Offer for Sale | 16,150,000 shares of ₹2 (₹657.31 Cr) |
| Face Value | ₹2 Per Equity Share |
| Price Band | ₹386 – ₹407 Per Equity Share |
| Retail Quota Share | 10% |
| QIB Quota | 75% |
| NII (HNI) Quota | 15% |
| Listing on | NSE & BSE |
| Employee Discount | – |
| DRHP | View |
Archean Chemical IPO Timetable
| IPO Start Date | November 9, 2022 |
| IPO Close Date | November 11, 2022 |
| Basis of Share Allotment Date | November 16, 2022 |
| Refunds Date | November 17, 2022 |
| Credit of shares to Demat Account Date | November 18, 2022 |
| Archean Chemical IPO Listing Date | November 21, 2022 |
Archean Chemical IPO Lot Size
| Minimum Lot Size | 36 shares for 1 lot |
| Minimum Amount | ₹ 14,652 for 1 lot |
| Maximum Lot Size | 468 Shares (13 lot) |
| Maximum Amount | ₹190,476 (for 13 Lot) |
Archean Chemical Financial Report (2020-2022)
| Year | Revenue | Expense | PAT (Profit / Loss After Tax) |
| 2022 | ₹1143 | ₹892 | ₹188.58 |
| 2021 | ₹755 | ₹664 | ₹66.07 |
| 2020 | ₹617 | ₹634 | ₹36.22 |
Archean Chemical IPO – Basis of Allotment
- 75% quota is reserved for the QIB category.
- 15% quota is reserved for NII Category and
- 10% quota is reserved for retail investors.
How to Apply in Archean Chemical IPO ?
- You can apply for the Archean Chemical IPO through the ASBA facility available in your bank account.
- Just login to your online banking. Go to the IPO section and apply for Archean Chemical IPO.
- Also you can apply in this IPO through your trading account.
- One more way to apply in this IPO is through forms which you can download from NSE and BSE website.
- After downloading forms, fill it properly and submit it to the respective banks or to your broker.
How to apply for the Archean Chemical IPO through Zerodha?
- Login to your console in Zerodha through desktop or app.
- Then go to your portfolio and click on IPO.
- You will see Archean Chemical IPO
- Then click on the bid button.
- After this enter your UPI ID, price and quantity (lot size)
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
How to apply for the Archean Chemical IPO through Upstox?
- Login to your Upstox account through desktop or app.
- You will see the name Archean Chemical IPO.
- Then hit the bid button.
- Click the submit button.
- At last you have to go to your UPI app to approve the mandate.
Archean Chemical IPO Allotment Status
You can check Archean Chemical IPO allotment status on Registrar and Transfer Agent Website
Also you can check the allotment status on NSE Website
Other Information in Archean Chemical IPO
Archean Chemical IPO Promoters
- Chemikas Speciality LLP
- Ravi Pendurthi
- Ranjit Pendurthi
Archean Chemical IPO Lead Managers
- IIFL Securities Ltd
- ICICI Securities Limited
- JM Financial Limited
Archean Chemical Contact Information
Archean Chemical Industries Limited
No. 2, North Crescent Road,
T Nagar, Chennai 600 017
Tamil Nadu, India
- Phone: +91 44 6109 9999
- Email: info@archeanchemicals.com
- Website: https://www.archeanchemicals.com/
Archean Chemical IPO Registrar Contact Information
Link Intime India Private Ltd
- Phone: +91-22-4918 6270
- Email: archean.ipo@linkintime.co.in
- Website: https://linkintime.co.in/
Paisa kaudi recommendation on Archean Chemical IPO
Archean Chemical is the leading manufacturer of specialty marine chemicals. Grey market premium is at ₹58. Can be considered for a long term gain. You can consider this IPO for 10% listing gain.
Keep checking the GMP for more clear picture. Stay alert as markets are volatile now a days.
Archean Chemical IPO FAQs
It is the main-board IPO which will be listed on NSE & BSE. They are going to raise Approx ₹1462.31 Crores through this IPO. One lot has minimum 36 shares and you have to spend a minimum ₹14,652 for 1 lot.
Archean Chemical IPO price band is ₹386 to ₹407.
One lot has minimum 36 shares and you have to spend a minimum ₹14,652 for 1 lot. Maximum lot is 13 and you have to spent ₹1,90,476.
10% quota is reserved for retail investors. 15% quota is reserved for NII Category and 75% quota is reserved for the QIB category.
Archean Chemical IPO will open on November 9, 2022.
Basis of Allotment for Archean Chemical IPO will happen on November 16, 2022 and allotted shares will be deposited in your demat account on November 18, 2022.
Shares of Archean Chemical IPO will list in the market on November 21, 2022.
This covers all the points on Archean Chemical IPO. Please write in the comment box if you need any further information on this.
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