Archean Chemical IPO: The Initial Public Offer (IPO) of Archean Chemical Industries Limited is going to knock in the primary markets on 9 November 2022 i.e. next week on Wednesday. public issue eligible 1,462.31 will open for bidding on 19 November 2022 and will be open to customers till 11 November 2022. The chemical company aims to raise 1,462.31 crore from its public offer, out of which 657.31 crore is reserved through the Offer for Sale (OFS) route. Shares of Archean Chemical are also available for trading on the gray market prior to the subscription opening. According to market experts, the shares of Archean Chemicals are trading at a premium. 70 in the gray market today.
Here we list the important Archean Chemical IPO Description in 10 points:
1]Archean Chemical IPO GMP: As per market observers, Archean Chemicals IPO Gray Market Premium (GMP) is today 70 per equity share.
2]Archean Chemical IPO Subscription Dates: The public issue will open on November 9 and will be open till November 11, 2022.
3]Archean Chemical IPO Price: The chemical company has fixed the price band for the public offer: from 386 407 per equity share.
4]Archean Chemical IPO Size: The company aims to raise 1,462.31 crore from its public offer, out of which 657.31 crore is reserved through the Offer for Sale (OFS) route.
5]Archean Chemical IPO Lot Size: One bidder will be able to apply in lot and one lot will consist of 36 shares of the company.
6]Archean Chemical IPO Allotment Date: The tentative date for allotment of shares is 16 November 2022.
7]Archean Chemical IPO Listing: The public issue is proposed to be listed on both NSE and BSE.
8]Archean Chemical IPO Listing Date: The shares of the chemical company are likely to be listed on November 21, 2022.
9]Archean Chemical IPO Registrar: LINK INTIME INDIA PRIVATE LIMITED has been appointed as the official Registrar of Public Offering.
10]Archean Chemical IPO Review: Highlighting the fundamentals of the chemical company, Axis Capital says, “Arcion has an integrated production facility for its Bromine, Industrial Salt and Sulphate of Potash operations, located at Hajipir, Gujarat, in the Rann of Kutch. region and it is located close to the captive Jakhau jetty and Mundra Port,” adding, “Bromine is used as a major starting level material, including pharmaceuticals, agrochemicals, water treatment, Having applications in flame retardants, additives, oil, and gas, and energy storage batteries Archean is the leader in Indian bromine merchant sales by volume in FY 2021.”
Industrial salt is the major ingredient in chlorine and caustic soda production (together, known as chloralkali) and is widely used in the chemical and food and beverage industries. Archean exports 100% of its industrial salt production mainly to customers in Japan and China.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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