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Archean Chemical Industries

Archean Chemical Industries Limited is India's largest exporter of bromine and industrial salt as of Fiscal 2021. The company is a leading specialty marine chemical manufacturer, producing and exporting bromine, industrial salt, and sulphate of potash to customers worldwide. It serves 13 global markets and 29 domestic customers, exporting 2.7 million MT of industrial salt in Fiscal 2021. Archean Chemical is also the only sulphate of potash manufacturer in India, operating an integrated production facility in Hajipir, Gujarat, near the Rann of Kutch brine fields. The company benefits from high entry barriers, cost-efficient infrastructure, a strong global customer base, and a focus on environmental safety. With a history of strong financial performance, it is backed by an experienced management team and key financial stakeholders.

₹386 - ₹40733.98x sub
Listed Price₹450.00
Listing Gain+10.57%

IPO Schedule & Timeline

Bookbuilding IPO
Open09 Nov 2022
Close11 Nov 2022
Allotment16 Nov 2022
Listing21 Nov 2022

Quota Reservation & Application Lots

Quota Reservation (% Shares)

Retail35,92,886 shares
10%
Nii(hni)53,89,330 shares
15%
QIB2,69,46,653 shares
75%

Minimum Application Lots

Retail1 Lot (36 shares)
₹14,652
sHNI14 Lots (504 shares)
₹2,05,128
bHNI69 Lots (2,484 shares)
₹10,10,988

Company Promoters

Chemikas Speciality LLPRavi PendurthiRanjit Pendurthi

Company Background

Archean Chemical Industries Limited is India's largest exporter of bromine and industrial salt as of Fiscal 2021. The company is a leading specialty marine chemical manufacturer, producing and exporting bromine, industrial salt, and sulphate of potash to customers worldwide. It serves 13 global markets and 29 domestic customers, exporting 2.7 million MT of i...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-19 )₹572.91 Cr
Growth-7.1%
Revenue Trend (₹ in Crores)
0.0236.5473.0709.5Mar-20 Mar-19
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-19 572.9139.971260.51772.02
Mar-20 617-36.24 1428.6929.26

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
16 Nov 2022
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
21 Nov 2022

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

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Stock Exchange Portal
BSE India Investor Portal

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Allotment Schedule & Milestones

IST
1. Allotment Finalization16 Nov 2022Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date21 Nov 2022Trading commences on exchange

How to Check Archean Chemical Industries Allotment Online

1Open Portal

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2Select Company

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3Enter Details

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4View Allocation

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About Archean Chemical Industries IPO

Complete issue overview for Archean Chemical Industries (ACI) IPO. The issue features an equity share price band of ₹386 – ₹407 per share with a minimum retail lot size of 36 Shares (minimum application amount of ₹14,652). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions