IPO Issue Details
Issue Price / Price Band₹407 per share (Fixed Price)
Face Value₹2 Per Share
Lot Size36 Shares per Lot
Total Issue Size3,59,28,869 shares (aggregating up to ₹1,462.30 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital-cum-Offer for Sale
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenWed, 09 Nov 2022
Subscription CloseFri, 11 Nov 2022
Anchor AllotmentMon, 07 Nov 2022
Basis of AllotmentWed, 16 Nov 2022
Initiation of RefundsThu, 17 Nov 2022
Credit of Shares to DematFri, 18 Nov 2022
Listing DateMon, 21 Nov 2022
UPI Mandate Deadline2022-11-11
Application & Investment Details
Retail — Min (1 Lots)₹14,652 — 36 shares
Retail — Max (13 Lots)₹190,476 (13 Lots)
HNI — Min (14 Lots)₹2,05,128 — 504 shares
P/E Ratio (Pre-IPO)16.78x
Pre-IPO Promoter Holding10,32,74,120 shares
Post-IPO Promoter Holding12,30,52,989 shares
Fresh Issue Shares1,97,78,869 shares (aggregating up to ₹805.00 Cr)
Offer for Sale Shares1,61,50,000 shares of ₹2 (aggregating up to ₹657.31 Cr)
About Archean Chemical Industries Ltd.
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.Strengths: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.
Objects of the Issue
Archean Chemical Industries Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
1 Redemption or earlier redemption, in part or full, of NCDs issued by the Company
805.00
2
2 General corporate purposes
35.03
Shareholding & Lock-in
Pre-IPO Promoter Holding
10,32,74,120 shares
Post-IPO Promoter Holding
12,30,52,989 shares
Lock-in Period (30%)December 16, 2022
Lock-in Period (50%)February 14, 2023