Bookbuilding IPO | ₹1,462 Cr | Listed at BSE, NSE | Wed, Nov 9, 2022 - Fri, Nov 11, 2022
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 per share. The lot size for an application is 36. The minimum amount of investment required by an retail is ₹14,652 (36 shares) (based on upper price). 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 Open
Wed, Nov 9, 2022
IPO Close
Fri, Nov 11, 2022
Issue Price
₹407 per share
Market Cap (Pre-IPO)
₹5,665.56 Cr
| IPO Date | 9 to 11 Nov, 2022 |
| Listed on | Mon, Nov 21, 2022 |
| Face Value | ₹2 per share |
| Price Band | ₹386 to ₹407 |
| Issue Price | ₹407 per share |
| Lot Size | 36 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 3,59,28,869 shares (agg. up to ₹1,462 Cr) |
| Fresh Issue | 1,97,78,869 shares (agg. up to ₹805 Cr) |
| Offer for Sale | 1,61,50,000 shares of ₹2 (agg. up to ₹657 Cr) |
| Share Holding Pre Issue | 10,32,74,120 shares |
| Share Holding Post Issue | 12,30,52,989 shares |
| BSE Script Code / NSE Symbol | 543657 / ACI |
| ISIN | INE128X01021 |
Archean Chemical Industries 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 (Ex- Anchor), 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 | Max 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%) |
Investors can bid for a minimum of 36 shares and in multiples thereof.
| 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 |
Archean Chemical Industries IPO raises ₹658.04 crore from anchor investors. Archean Chemical Industries IPO Anchor bid date is November 7, 2022.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Nov 7, 2022 |
| Shares Offered | 1,61,67,991 |
| Anchor Portion (₹ Cr.) | 658.04 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Dec 16, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Feb 14, 2023 |
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 | 30 Jun 2022 | 31 Mar 2022 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 1,606.65 | 1,529.68 | 1,428.60 | 1,260.51 |
| Total Income | 408.82 | 1,142.83 | 617.00 | 572.91 |
| Profit After Tax | 84.41 | 188.58 | -36.24 | 39.97 |
| NET Worth | 345.44 | 261.07 | 5.97 | 42.37 |
| Reserves and Surplus | 0.00 | 0.00 | ||
| Total Borrowing | 915.58 | 921.87 | 929.26 | 772.02 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Redemption or earlier redemption, in part or full, of NCDs issued by the Company | 805.00 |
| 2 | General corporate purposes | 35.03 |
| KPI | |
|---|---|
| ROE | 113.11 |
| ROCE | 34.62 |
| Debt/Equity | 3.53 |
| RoNW | 72.24 |
| PAT Margin | 16.68% |
| EBITDA Margin | 42.42% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 18.26 | |
| P/E (x) | 16.78 | |
| Promoter Holding | 65.58% | 53.41% |
| Market Cap | ₹5,665.56 Cr. |
The Archean Chemical IPO is subscribed 32.23 times on November 11, 2022 7:00:00 PM (Day 3). The public issue subscribed 9.96 times in the retail category, 48.91 times in the QIB category, and 14.9 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 48.91 | 1,07,06,095 | 52,35,90,840 |
| NII | 14.9 | 55,50,738 | 8,27,21,196 |
| bNII (bids above ₹10L) | 16.9 | 37,00,492 | 6,25,25,844 |
| sNII (bids below ₹10L) | 10.92 | 18,50,246 | 2,01,95,352 |
| Retail | 9.96 | 37,00,492 | 3,68,66,736 |
| Total | 32.23 | 1,99,57,325 | 64,31,78,772 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs’ fees and commissions (including underwriting commission and selling commission) | 43.14 |
| 2 | Commission/processing fee for SCSBs, Sponsor Banks and Bankers to the Offer. Brokerage and selling commission and bidding charges for members of the Syndicate, Registered Brokers, RTAs and CDPs (1)(2)(3)(4) | 4.29 |
| 3 | Fees payable to the Registrar to the Offer | 0.28 |
| 4 | Fees payable to the other advisors to the Offer (fee payable to a chartered accountants appointed for providing confirmations and certificates for the purpose of the Offer; F&S for preparing the industry report commissioned by our Company; the virtual data room provider in connection with due diligence for the Offer; and chartered engineer for certifying the installed and utilization capacity of our manufacturing facility) | 2.22 |
| 5 | Others | |
| 6 | (i) Listing fees, SEBI filing fees, upload fees, BSE and NSE processing fees, book building software fees and other regulatory expenses. | 5.57 |
| 7 | (ii) Printing and stationery expenses | 2.20 |
| 8 | (iii) Advertising and marketing expenses | 0.47 |
| 9 | (iv) Fees payable to legal counsels | 5.18 |
| 10 | (v) Miscellaneous | 0.22 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹407.00 | ₹407.00 |
| Open | ₹449.00 | ₹450.00 |
| Low | ₹440.05 | ₹440.20 |
| High | ₹476.05 | ₹476.00 |
| Last Trade | ₹457.95 | ₹458.15 |
Lead Manager Reports
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 Crores. The issue is priced at ₹407 per share. The minimum order quantity is 36.
The IPO opens on Wed, Nov 9, 2022, and closes on Fri, Nov 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 Wed, Nov 9, 2022 and closes on Fri, Nov 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 Fri, Nov 18, 2022. Check the Archean Chemical Industries IPO allotment status.
The Archean Chemical Industries IPO listing date is on Mon, Nov 21, 2022.
