Archean Chemical Industries Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹386 - ₹407
- Lot size
- 36 shares
- Issue amount
- ₹1,462.3 cr
- Total subscription
- 32.23×
- Opens
- 9 Nov 2022
- Closes
- 11 Nov 2022
- Allotment
- 16 Nov 2022
- Listing
- 21 Nov 2022
Offer at a glance
Issue overview
- Issue size
- 3,59,28,869 shares
- Face value
- ₹2 Per Share
- Minimum investment
- ₹13,896
- Fresh issue
- ₹805 cr
- Offer for sale
- ₹657.31 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,652
- Issue type
- Bookbuilding IPO
- Shares before issue
- 10,32,74,120
- Shares after issue
- 12,30,52,989
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 36 | ₹14,652 |
| sHNI | 14 | 504 | ₹2,05,128 |
| bHNI | 69 | 2,484 | ₹10,10,988 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Application-wise demand
| Category | Reserved applications | Applied applications |
|---|---|---|
| — | — |
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 413.26 | 21,310.15 |
| RETAIL | 142.84 | 1,500.14 |
| HNIs 2+ | 71.42 | 821.95 |
| HNIs 10+ | 142.84 | 2,544.8 |
Financial performance
Company financials
In Crores · Reported periods may include interim results.
Company information
Company profile
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.
Strengths
- Strong Specialty Chemical Presence: Focuses on specialty marine chemicals and industrial products with applications across multiple industries.
- Export-Oriented Business Model: Significant international exposure helps diversify revenue sources and expand market reach.
- Strategic Resource Access: Strong access to key raw material resources supports cost efficiency and operational advantages.
Risk factors
- Dependence on Global Demand: Revenue can be affected by international market conditions and export demand fluctuations.
- Raw Material & Energy Cost Sensitivity: Changes in input and energy prices can impact profitability.
- Regulatory & Environmental Risks: Chemical operations are subject to strict environmental and compliance requirements.
Promoters
Chemikas Speciality LLP
Ravi Pendurthi
Ranjit Pendurthi
Registrar & documents
Lead manager
IIFL Capital Services Limited, ICICI Securities Limited, Jm Financial Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
No. 2, North Crescent Road, T Nagar, Chennai 600 017 Tamil Nadu, India
+91 44 6109 9999
[email protected]Company website ↗Understanding ACI IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.