Archean chemical ipo

"So the business prospect is very good and the financial track record of the last three years is very impressive. So this company is very strong from all perspectives. Also, the valuation of the company is reasonable. On the negative side, the company has issued debentures and is already giving interest of 17 per cent. I fail to understand why the company is doing this when it has better options from the banks," he added. Singhvi said that the company is too dependent on China as 40 per cent of the revenue is coming from there. "Therefore only investors who can take high-risk should subscribe for the IPO and that too for listing gains. Even if there's loss, one should exit after listing," Singhvi added. Archean केमिकल इंडस्ट्रीज IPO का आज दूसरा दिन, प्राइस बैंड ₹386-407/शेयर Archean केमिकल इंडस्ट्रीज में क्या है खास? शॉर्ट टर्म और लॉन्ग टर्म के लिहाज से क्या करें? जानिए अनिल सिंघवी की राय... — Zee Business (@ZeeBusiness) Meanwhile, the portion for Retail Individual Investors (RIIs) got subscribed 95 per cent. The category for non-institutional investors received 36 per cent subscription while Qualified Institutional Buyers (QIBs) portion was subscribed 4 per cent. On Monday, the company raised Rs 658 crore from anchor investors. The firm plans to use the proceeds of the fresh issue for the redemption of Non-Convertible Debentures (NCDs) issued by it. Archean is focused on producing and exporting bromine, industrial salt, and sulphate of potash. IIFL Securities, ICICI Secur...

• • • • Archean Chemical Industries garners Rs 658 crore from anchor investors ahead of IPO Archean Chemical Industries garners Rs 658 crore from anchor investors ahead of IPO The firm has allocated 1,61,67,991 equity shares to anchor investors at Rs 407 apiece, aggregating the transaction size to Rs 658 crore, according to a circular uploaded on BSE's website on Monday. Speciality marine chemical manufacturer Archean Chemical Industries has raised Rs 658 crore from anchor investors ahead of its initial public offering, which will open on Wednesday. The initial share sale of the chemical manufacturer will conclude on November 11. The firm has allocated 1,61,67,991 equity shares to anchor investors at Rs 407 apiece, aggregating the transaction size to Rs 658 crore, according to a circular uploaded on BSE’s website on Monday. Also Read | Goldman Sachs, Abu Dhabi Investment Authority, Segantii India Mauritius, BNP Paribas, Societe Generale, Government Pension Fund Global, ICICI Prudential, DSP Small Cap Fund, Tata Mutual Fund (MF), SBI MF, Nippon India MF and Aditya Birla Sunlife Insurance have invested in the company via anchor book. The IPO consists of a fresh issue of equity shares aggregating up to Rs 805 crore and an offer-for-sale (OFS) of up to 1.61 crore shares by the promoter and investors, including the India Resurgence Fund — a joint venture between Piramal Group and Bain Capital. Promoter Chemikas Speciality will sell 20 lakh shares via OFS, while investors Pirama...

Specialty chemical company Archean Chemical Industries has opened its initial public offering for subscription on November 9. The offer will close on November 11. Here are 10 key things to know before subscribing to the public issue: 1) Price Band The price band for the offer has been fixed at Rs 386-407 per equity share, which is at a premium of Rs 384-405 over face value of Rs 2 each. 2) IPO Size The initial public offering (IPO) comprises a fresh issuance of shares worth Rs 805 crore, and an offer for sale of 1.61 crore shares by promoter and investors. Promoter Chemikas Speciality LLP will offload 2 million shares via offer for sale, while 383.5 million shares each will be sold by India Resurgence Fund - Scheme I, and Piramal Natural Resources. India Resurgence Fund - Scheme II will sell 647.8 million shares via an OFS. Click Here To Read All IPO Related News At upper price band, the total fund raising by the company would be Rs 1,462.3 crore. 3) Objectives of Issue The company will utilise fresh issue proceeds for repaying debt (Rs 644 crore) and for general corporate purposes, while the offer for sale money will go to selling shareholders. 4) Lot Size Investors can bid for a minimum of 36 shares and in multiples of 36 shares thereafter. With this, at upper price band, the minimum one lot (36 shares) would cost Rs 14,580 to retail investors and their maximum investment would be Rs 1,89,540 for 13 lots. Archean has reserved 75 percent of its offer size for qualified in...

November 21, Monday at 10:00 AM. The IPO was subscribed 32.23x times comprises of Qualified Institutional Buyer (QIB) 48.91x, Non-institutional Bidders (NII) 14.90x, and Retail (RII) 9.95x. The stock will list in B Group. As per the market speculations the stock might list in between the ₹500 to ₹520 range against the IPO price of ₹407. IPO Listing Update: Archean Chemical share price listed at 11% premium on indices. The Archean Chemical stock price listed at ₹450.00 on NSE and ₹449.00 on BSE respectively. Archean Chemical Share Price Details BSE Listing NSE Listing IPO Price ₹407.00 ₹407.00 List Price ₹449.00 ₹450.00 High Price ₹476.05 ₹476.00 Low Price ₹440.05 ₹440.20 Close Price ₹457.95 ₹458.15 Volume 1,118,983 22,187,351 Archean Chemical IPO Listing Details Find the Archean Chemical IPO listing details like BSE Code, NSE Code, ISIN Number, and Listing Group. The information given below will help you on the Archean Chemical share listing day. Checkout BSE Notice of Listing: BSE Code 543657 NSE Code ACI Group B Group ISIN No INE128X01021 Offer Price ₹407 Face Value ₹2 Listing Date November 21, 2022, Monday Archean Chemical IPO Listing Dates Price Band Announcement: November 3, 2022 Anchor Investors Allotment: November 7, 2022 IPO Open Date: November 9, 2022 IPO Close Date: November 11, 2022 Basis of Allotment: November 16, 2022 Refunds: November 17, 2022 Credit to Demat Account: November 18, 2022 Archean Chemical IPO Listing Date: November 21, 2022 Archean Chemical IPO ...

• • • • Archean Chemical IPO listing today: Archean Chemical Industries makes a strong debut, lists at over 10% premium over issue price Archean Chemical IPO listing today: Archean Chemical Industries makes a strong debut, lists at over 10% premium over issue price Archean Chemical IPO GMP, listing, Review, Details: The scrip of specialty marine chemical manufacturer Archean Chemical Industries got listed at Rs 450.00 apiece on the NSE, thereby registering a gain of 10.57 per cent from its offer price of Rs 407.00. Archean Chemical IPO Share listing today: Shares of specialty marine chemical manufacturer Archean Chemical Industries debuted on a strong note and got listed at a premium of over 10 per cent from their issue price in the stock exchanges today. The scrip got listed at Rs 450.00 apiece on the National Stock Exchange (NSE), thereby registering a gain of 10.57 per cent from its offer price of Rs 407.00, while on the BSE, it opened at Rs 449.00, up 10.32 per cent from the issue price. The stock further rose from its opening levels and touched a high of Rs 473.65 on the BSE and Rs 472.80 on the NSE during the first 10 minutes of trade. At 10:10 am, the scrip was trading at Rs 465.00 on the BSE, up 14.25 per cent from the issue price while on NSE it was at Rs 463.65, up 13.92 per cent. The market capitalisation stood at Rs 5,721.96 crore, data from the BSE showed. Over 98.20 lakh shares of Archean Chemical Industries were traded so far on NSE while around 5.44 lakh sh...

Archean Chemical Industries' initial public offering has subscribed 32.23 times on November 11, the last day of subscription, with investors bidding for 64.31 crore shares against the offer size of 1.99 crore. Retail investors have bought 9.96 times the shares set aside for them. While non-institutional investors, or high networth individuals, bid 14.90 times their quota. The portion set aside for qualified institutional investors has been subscribed 48.91 times. The specialty marine chemical manufacturer, which was a the leading exporter of bromine and industrial salt in FY21, is looking to mop up Rs 1,462.3 crore, of which Rs 658 crore has been raised through the anchor book. The price band for the offer is Rs 386-407 per share. Up to 75 percent of the offer is reserved for qualified institutional buyers, 10 percent for retail investors and the remaining 15 percent for non-institutional investors. Also read: Inox Green Energy IPO opens today. Should you subscribe to the issue? The IPO consists of a fresh issue worth Rs 805 crore and an offer for sale of shares worth Rs 657.3 crore by promoter Chemikas Speciality LLP, and investors India Resurgence Fund (Scheme I and II), and Piramal Natural Resources. The company will use fresh issue proceeds for debt reduction, apart from general corporate purposes. Archean primarily produces and exports bromine, industrial salt and sulphate of potash. Also read: DCX Systems makes an electrifying debut, stock lists with 38% premium at R...