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Archean Chemical Industries IPO is a book build issue of ₹1,462.30 crores. The issue is a combination of fresh issue of 1.98 crore shares aggregating to ₹805.00 crores and offer for sale of 1.62 crore shares aggregating to ₹657.31 crores.
Archean Chemical Industries IPO bidding started from Nov 9, 2022 and ended on Nov 11, 2022. The allotment for Archean Chemical Industries IPO was finalized on Nov 16, 2022. The shares got listed on BSE, NSE on Nov 21, 2022.
Archean Chemical Industries IPO price band is set at ₹407.00 per share . The lot size for an application is 36. The minimum amount of investment required by an retail is ₹13,896 (36 shares). The lot size investment for sNII is 14 lots (504 shares), amounting to ₹2,05,128, and for bNII, it is 69 lots (2,484 shares), amounting to ₹10,10,988.
IIFL Capital Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Archean Chemical Industries IPO RHP for detailed Information.
| IPO Date | November 9, 2022 to November 11, 2022 |
| Listing Date | November 21, 2022 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹386 to ₹407 per share |
| Issue Price Final | ₹407 per share |
| Lot Size | 36 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 3,59,28,869 shares (aggregating up to ₹1,462.30 Cr) |
| Fresh Issue | 1,97,78,869 shares (aggregating up to ₹805.00 Cr) |
| Offer for Sale | 1,61,50,000 shares of ₹2 (aggregating up to ₹657.31 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 10,32,74,120 shares |
| Share Holding Post Issue | 12,30,52,989 shares |
Archean Chemical IPO offers total 3,59,28,869 shares. Out of which 2,69,46,653 (75.00%) allocated to QIB, 1,07,78,662 (30.00%) allocated to QIB, 53,89,330 (15.00%) allocated to NII, 35,92,886 (10.00%) allocated to RII and 1,61,67,991 (45.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 2,69,46,653 (75.00%) | NA |
| − Anchor Investor Shares Offered | 1,61,67,991 (45.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 1,07,78,662 (30.00%) | NA |
| NII (HNI) Shares Offered | 53,89,330 (15.00%) | NA |
| − bNII > ₹10L | 35,92,887 (10.00%) | 7,128 |
| − sNII < ₹10L | 17,96,443 (5.00%) | 3,564 |
| Retail Shares Offered | 35,92,886 (10.00%) | 99,802 |
| Total Shares Offered | 3,59,28,869 (100.00%) |
Archean Chemical Industries IPO raises ₹658.04 crore from anchor investors. Archean Chemical Industries IPO Anchor bid date is November 8, 2022. Archean Chemical Industries IPO Anchor Investors list
| Bid Date | November 8, 2022 |
| Shares Offered | 1,61,67,991 |
| Anchor Portion Size (In Cr.) | 658.04 |
| Anchor lock-in period end date for 50% shares (30 Days) | December 16, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 14, 2023 |
Archean Chemical Industries IPO opens on November 9, 2022, and closes on November 11, 2022.
| IPO Open Date | Wed, Nov 9, 2022 |
| IPO Close Date | Fri, Nov 11, 2022 |
| Tentative Allotment | Wed, Nov 16, 2022 |
| Initiation of Refunds | Thu, Nov 17, 2022 |
| Credit of Shares to Demat | Fri, Nov 18, 2022 |
| Tentative Listing Date | Mon, Nov 21, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Nov 11, 2022 |
Investors can bid for a minimum of 36 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 36 | ₹14,652 |
| Retail (Max) | 13 | 468 | ₹1,90,476 |
| S-HNI (Min) | 14 | 504 | ₹2,05,128 |
| S-HNI (Max) | 68 | 2,448 | ₹9,96,336 |
| B-HNI (Min) | 69 | 2,484 | ₹10,10,988 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Archean Chemical Industries Limited is India's largest exporter of bromine and industrial salt in Fiscal 2021. The company is the leading speciality marine chemical manufacturer in India and is focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world.
Archean Chemical Industries markets theproducts to 18 global customers in 13 countries and to 24 domestic customers. The company was the largest exporter of industrial salt in India with exports of 2.7 million MT in Fiscal 2021.
Archean Chemical Industries Limited are the largest exporter of Bromine from India. The company is the only manufacturer of sulphate potash in India. The company's marine chemicals business is predominately conducted on a business-to-business basis both in India and internationally.
The company has an integrated production 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.
Strengths:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-19 | 1260.51 | 572.91 | 39.97 | 42.37 | 772.02 |
| 31-Mar-20 | 1428.6 | 617 | -36.24 | 5.97 | 929.26 |
| 31-Mar-22 | 1529.68 | 1142.83 | 188.58 | 261.06 | 921.87 |
| 30-Jun-22 | 1606.65 | 408.82 | 84.41 | 345.44 | 915.58 |
| Amount in ₹ Crore | |||||
The market capitalization of Archean Chemical Industries IPO is ₹5665.56 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 16.78 |
The Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale.
The company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects:
1. Redemption or earlier redemption, in part or full, of NCDs issued by the Company.
2. General corporate purposes.
[Dilip Davda] ACIL has created a niche place as a specialty chemical manufacturer and exporter. It has started bearing fruits for its undergoing downstream expansions that have helped in improving margins. Based on its FY23 earnings, the issue appears reasonably priced. Considering ongoing fancy for specialty chemical shares, investors may consider investing in this blue chip in the offing for medium to long-term rewards. Read detail review...
| Listing Date | November 21, 2022 |
| BSE Script Code | 543657 |
| NSE Symbol | ACI |
| ISIN | INE128X01021 |
| Final Issue Price | ₹407 per share |
| BSE Listing Group | B |
Archean Chemical Industries Ltd.
No. 2, North Crescent Road,
T Nagar,
Chennai
Chennai, Tamil Nadu, 600017
Phone: +91 44 6109 9999
Email: info@archeanchemicals.com
Website: https://www.archeanchemicals.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: archean.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Archean Chemical Industries IPO is a main-board IPO of 3,59,28,869 equity shares of the face value of ₹2 aggregating up to ₹1,462.30 Crores. The issue is priced at ₹407 per share. The minimum order quantity is 36.
The IPO opens on November 9, 2022, and closes on November 11, 2022.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Archean Chemical Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Archean Chemical Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Archean Chemical Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Archean Chemical Industries IPO opens on November 9, 2022 and closes on November 11, 2022.
Archean Chemical Industries IPO lot size is 36, and the minimum amount required for application is ₹14,652.
You can apply in Archean Chemical Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Archean Chemical Industries IPO will be done on Wednesday, November 16, 2022, and the allotted shares will be credited to your demat account by Friday, November 18, 2022. Check the Archean Chemical Industries IPO allotment status.
The Archean Chemical Industries IPO listing date is on Monday, November 21, 2022.
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