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Archean Chemical Industries Limited

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 - ₹40732.23x sub
Listed Price450.00
Listing Gain+10.57%
TimelineBookbuilding IPO
Open09 Nov 2022
Close11 Nov 2022
Allotment16 Nov 2022
Listing21 Nov 2022

Quota Reservation Portions

RetailPortion: 35,92,886 shares
10%
Nii(hni)Portion: 53,89,330 shares
15%
QIBPortion: 2,69,46,653 shares
75%

Minimum Application Bracket Matrix

Retail1 lots / 36 shares
₹14,652
sHNI14 lots / 504 shares
₹2,05,128
bHNI69 lots / 2,484 shares
₹10,10,988

About the Company

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.

Company Promoters

Chemikas Speciality LLPRavi PendurthiRanjit Pendurthi