Archean chemical ipo gmp

Table of Contents • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • About Archean Chemical As per Frost & Sullivan, Archean Chemical Industries limited will be India’s top exporter of bromine and industrial salt in Fiscal 2021, and their production costs in both bromine and industrial salt will be among the lowest in the world (Source: F&S Report commissioned by the company). Archean Chemical create their commodities at their plant in Hajipir in Gujarat, where they make their products from brine sources in the Rann of Kutch on Gujarat’s coast. Archean Chemical sold their products to 13 worldwide customers in 13 nations and 29 local customers as of September 30, 2021. Their bromine is often used in pharmaceuticals, agrochemicals, water treatment, flame retardants, additives, oil & gas, and energy storage batteries as a critical initial level element. Major Products Their sales of bromine accounted for 59.22, 46.49, 35.43, and 39.83 percent of their revenue from operations in the six months ended September 30, 2021, as well as in 2021, 2020, and 2019. Their sales of industrial salt accounted for 40.72, 49.10, 57.88, and 53.02 percent of their revenue from operations, respectively, and their sales of sulphate of potash accounted for 0.05 percent, Bromine is extracted from saltwater, salt lakes, inland seas, and brine wells as soluble salts. After removing the majority of the sodium chloride and potash from brine, bromine is generated. Industrial salt is ...

• • • • Archean Chemical Industries IPO opens today: All you need to know Archean Chemical Industries IPO opens today: All you need to know Archean Chemical Industries Ltd IPO Opens today: The Rs 1,462.3 crore initial public offering (IPO) of specialty marine chemical manufacturer Archean Chemical Industries is available from November 9-11, 2022. It has a price band of Rs 386-407 per share. Archean Chemical Industries Limited IPO today: The initial public offering (IPO) of Archean Chemical Industries, a specialty marine chemical manufacturer, opened for subscription on Wednesday, November 9, 2022. It opened for public subscription at 10 am and was subscribed around 9 per cent by 12:48 pm on the first day of bidding. It received total bids for 17,43,084 shares across both the stock exchanges against 1,99,57,325 shares on offer, data from National Stock Exchange (NSE) showed. The Rs 1,462.3 crore Archean Chemical Industries Rs 386-407 per share. The IPO comprises a fresh issue of equity shares aggregating up to Rs 805 crore and an offer-for-sale (OFS) of up to 1,61,50,000 shares by the promoter and investors, including the India Resurgence Fund, a joint venture between the Piramal Enterprises and Bain Capital. Through the OFS, promoter Chemikas Speciality will sell 20 lakh shares while investors Piramal Natural Resources and India Resurgence Fund, Scheme I will sell around 38.35 lakh (38,35,562) shares each and India Resurgence Fund, Scheme II will divest 64.78 lakh (64,78,8...

The initial public offer (IPO) of speciality marine chemical manufacturer Archean Chemical was subscribed 32.23 times on the final day of the issue (November 11). The firm received bids for 64.31 crore shares against an IPO size of 1.99 crore shares. The qualified institutional buyers' category was booked 48.91 times, the portion set aside for non-institutional investors was subscribed 14.90 times, and the quota for retail investors was subscribed 9.95 times of the allotted portion. With a price band of Rs 386 to Rs 407 per share, the company expected to raise Rs 1,462.3 crore from the initial share sale. "Investors responded positively to the issue, particularly the institutional side. The issue was priced at a P/E of 22.82 based on annualized FY22 numbers. We advise investors to lock in listing gains due to the company's reasonable valuations and presence in the specialty chemical industry," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. The firm had raised Rs 658 crore from 42 anchor investors at the upper price band of Rs 407 per equity share ahead of its IPO. Latest grey market premium Market participants said Archean Chemical IPO grey market premium (GMP) is around Rs 116 today. It implies that the grey market is expecting the lender to list around Rs 523 (Rs 407 + Rs 116), which is more than 28 per cent higher than the IPO's upper band price of Rs 474 per equity share. Check share allotment status * Open https://www.bseindia.com/investors/appl...

• • • • Archean Chemical Industries is about to release its IPO on Nov 9, 2022. The issue is closing on Nov 11, 2022 and is currently having an active grey market. The Archean Chemical Industries IPO GMP is running at a stable rate as per the current situation. In IPO, the GMP or the Grey Market Premium is the premium amount at which the IPO shares are traded before getting listed in the stock market. However, the QIB and the HNI numbers are the key indicators of GMP in the case of Archean Chemical Industries IPO. The company is intended to raise Rs 1,462.31 Crore by the released issue. Archean Chemical Industries IPO GMP Rates, Kotak rates & SS This particular table represents everything related to the IPO event from its opening and closing date along with the face value of the issue. You can check this table related to know the IPO size, price band along with listing details, and more. Date GMP (in INR) Kostak (in INR) Subject to Sauda (in INR) 15 November 2022 Rs. 100 NA NA 14 November 2022 Rs. 100 NA NA 12 November 2022 Rs. 80 NA NA 11 November 2022 Rs. 80 NA NA 10 November 2022 Rs. 80 NA NA 09 November 2022 Rs. 80 NA NA 08 November 2022 Rs. 70 NA NA 07 November 2022 Rs. 60 NA NA 06 November 2022 Rs. 70 NA NA 05 November 2022 Rs. 70 NA NA 04 November 2022 Rs. 90 NA NA 03 November 2022 Rs. 60 NA NA Check out Related IPO Links: Open Free Demat Account Now! IPO Open Date Nov 9, 2022 IPO Close Date Nov 11, 2022 Basis of Allotment Date Nov 16, 2022 Initiation of Refunds Nov...

• Archean Chemical Industries plans to raise ₹805 crore through fresh issue of shares through the IPO along with an offer for sale of ₹657 crore by promoters and existing shareholders. • The price band of the IPO is set at ₹386- 407 a share. • The IPO proceeds will be utilised towards redemption of non-convertible debentures and general corporate purposes. The initial public offering (IPO) of specialty chemical company Archean Chemical Industries is set to open on November 9 and close on November 11. The price band of the IPO is set at ₹386- ₹407 a share. Archean Chemical Industries plans to raise ₹805 crore through fresh issue of shares through the IPO along with an offer for sale of ₹657 crore by promoters and existing shareholders. The IPO proceeds from fresh issue will be utilised towards redemption of non-convertible debentures, and general corporate purposes. “We believe the redemption (or earlier redemption) of the NCDs will reduce our outstanding indebtedness, debt servicing costs, improve our debt to equity ratio and enable utilisation of our internal accruals for further investment in our business growth and expansion,” said the company in its red herring prospectus (RHP). The company is a speciality marine chemical manufacturer in India, focused on producing and exporting bromine, industrial salt, and ‘sulphate of potash’ to customers around the world. It is also the only manufacturer of ‘sulphate of potash’ from natural sea brine in India. Sulphate of potash, a...

Archean Chemical IPO: Share listing date for the initial public offerings (IPO) of Archean Chemical Industries Ltd has been fixed on 21st November 2022 i.e. on Monday next week. As per the information available on BSE website, effective from Monday, November 21, 2022, the equity shares of Archean Chemical Industries Limited shall be listed and admitted to dealings on the Exchange in the list of 'B' group of securities. Archean Chemical IPO GMP today Meanwhile, ahead of share listing date, ₹120 in grey market today, which is ₹20 higher from its Thursday GMP of ₹100. They said that this rise in Archean Chemical IPO GMP signals that grey market is bullish on the scrip even though stock market sentiments are not much encouraging. They said that such rise in GMP of the public issue indicates strong debut of shares. What this GMP means? Market observers said that Archean Chemical IPO GMP today is ₹120 that means grey market is expecting that Archean Chemical IPO listing would take place around ₹527 ( ₹407 + ₹120), which is around 30 per cent higher from Archean Chemical IPO price band of ₹386 to ₹407 per equity share. They said that such robust GMP during dull market sentiments is an indication that allottees can expect bumper listing premium on Monday. However, stock market experts maintained that GMP is not an ideal indicator about listing premium as it is a non-regulated speculative number, which has nothing to do with balance sheet of the company. They said that one should r...

The three-day bidding for the Initial Public Offering (IPO) of Archean Chemical, from November 9 to 11, recorded a strong response from investors. The support from investors, as well as the sentiment on Dalal Street, has led to the grey market price (GMP) of Archean Chemicals stocks rising quickly. According to market observers, the grey market is offering shares of Archean Chemical Industries Limited at a premium of Rs 85 today, the Mint reported. The GMP of a stock is useful in determining the kind of impact investor sentiment of an A strong GMP often signals a greater likelihood of listing gains. Experts have said that concerning the Archean Chemical IPO, the rise in grey market sentiments could be the courtesy of a change in Dalal Street sentiments. The strong response from bidders has further bolstered this. While the grey market was already bullish on Archean Chemical IPO, the sentiment emanating from Dalal Street has served as another feather on the hat. Analysts are expecting the mood of the grey market to climb still as the share allotment date is fast approaching. Investors eagerly await the allotment date of the IPO, which is expected to fall on November 16. The company’s IPO got subscribed to 32.23 times. Its retail portion was subscribed 9.96 times. The company’s shares are expected to list on BSE and NSE, the country’s leading stock exchanges, on Monday, November 21. Archean Chemical Industries is a foremost manufacturer of specialty marine chemicals in the c...

Archean Chemical IPO Details: Archean Chemical IPO date is fixed, the IPO is to hit the market on November 9 and will close on November 11, 2022. Archean Chemical IPO to raise around ₹1,492 crores via IPO that comprises fresh issue of ₹805 crores and offer for sale up to 16,150,000 equity shares of ₹2 each. The retail quota is 10%, QIB is 75%, and HNI is 15%. Check Archean IPO Allotment Status Here Archean Chemical Industries is a leading specialty chemicals manufacturing company based in India. They have a wide presence in the global markets. They are the first of-its-kind integrated plant in India to produce Industrial Salt, Bromine, and Sulfate of Potash. They are one of the largest exporters of bromine and industrial salt in Fiscal 2021. The product and export of bromine, industrial salt, and sulphate of potash to customers around the world. The production capacity of the company is 28500 Metric Tons of Liquid Bromine per annum, 3000000 Metric Tons of Industrial Salt per annum, and 130000 Metric Tons of Sulfate of Potash per annum. They are the only manufacturer of sulphate potash in India. Their 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. Important Details • One of the leading specialty chemicals manufacturing company based in India. • Largest exporters of bromine and industrial salt in Fiscal 2021. • Archean Chemical Industries mobilises Rs 6...

The Archean Chemical IPO has begun on 09-Nov-2022. It will close on 11-Nov-2022. The Total IPO Size is 1,462.31 Crore. The company set its IPO price is 386-407 Rs Per Share. Basically, there are three basic categories in Archean Chemical IPO Subscription 1) Qualified Institutional Buyers 2) Non-Institutional Investors 3) Retail Individual Investors (RIIs). Archean Chemical is established in 2003. Archean Chemical International Limited are a leading specialty marine chemical manufacturer in India andfocused on producing and exporting bromine, ind ustrial salt, and sulphate of potash to customers around the world. They have marketed their products to 13 global customers in 13 countries and to 29 domestic customers. The bromine is used and applications in the pharmaceuticals, agrochemicals, water treatment, flame retardant, additives, oil & gas and energy storage batteries. Industrial salt is an important raw material used in chemical industry for production of sodium carbonate (soda ash), caustic soda, hydrochloric acid, chlorine, bleaching powders, chlorates, sodium sulphate (salt cake) and sodium metal. Table of Contents • • • • • • • • • • • • • • Industry Peers 1) Tata Chemicals Limite 2) Deepak Nitrite Limited 3) Aarti Industries Limited 4) eogen Chemicals Limited Archean Chemical IPO Promotors 1) Chemikas Speciality LLP 2) Ravi Pendurthi 3) Ranjit Pendurthi Archean Chemical IPO Date, Details & Price Band IPO Opening Dates 09-Nov-2022 IPO Closing Dates 11-Nov-2022 Price...

“Some steel companies have a bigger export market share like Tata Steel and Jindal Steel. Due to slowing demand globally with recession fears, even after removing the export duty and despite the prices of steel both imported and domestic coming back, it does not give any earnings upgrade to Indian Steel companies. ” 22 Nov, 2022, 12:08 PM IST “There is no great story happening in FMCG per se. It is not as if there is something new that has been discovered and there the growth rates will be tremendous but if you assume that the market is at a level where an upwards movement will be met with some amount of resistance, I would argue that FMCG will provide a little bit of a defensive flavour to the overall portfolio.” 22 Nov, 2022, 09:11 AM IST If signals from the unofficial markets are to be believed, the issue might disappoint the investors with a flat listing at the bourses as the premium has been wiped out completely.According to sources, shares of Fusion Micro Finance are trading at a discount of Rs 5 in the grey market, against its issue price of Rs 368 apiece. The company is likely to make a muted listing on Tuesday. 14 Nov, 2022, 04:20 PM IST Chennai based ACI manufactures specialty marine chemicals such as bromine, industrial salt and sulphate of Potash. These chemicals are produced from brine fields typically in the environmentally sensitive coastal areas that require several regulatory hurdles. This creates a high entry barrier for new entrants. 09 Nov, 2022, 05:57 ...