IPO Status: Closed [9th Nov 2022 to 11th Nov 2022]
Archean Chemical Industries, comprising a fresh issue of Rs 805 Cr and an offer for sale of Rs 657.3 Crores opens for subscription from Nov 09 and closes on Nov 11, 2022 . The IPO price band is fixed at Rs 386-407. One can apply in IPO in the lot size of 36 shares and its multiples. Stay updated with us to know more about the Archean Chemical IPO Details 2022 including issue size, minimum order amount, business overview, company financials, live subscription, GMP, allotment status, and more.
|IPO Issue Opening Date:||9th Nov 2022|
|IPO Issue Closing Date:||11th Nov 2022|
|IPO Issue Price:||₹386-407 Per Share|
|IPO Listing At:||BSE, NSE|
|IPO Issue Type:||Book Build Issue|
|IPO Issue Size:||₹1462.31 Cr|
|Offer for Sale:||16,150,000 shares at ₹386-407[Aggregating to ₹657.31Cr]|
|Fresh Issue:||19,778,870 shares at ₹386-407[Aggregating to ₹805 Cr]|
|Face Value:||₹2 Per Equity Share|
|Promoter Holding Pre IPO:||65.58%|
|Promoter Holding Post IPO:||55.04%|
|Allotment Status:||Allotment Status|
In this section we have covered all important dates related to Archean Chemical IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.
|Basis of Allotment Date*||16th Nov 2022|
|Refunds Initiation*||17th Nov 2022|
|Credit of Shares to Demat*||18th Nov 2022|
|IPO Listing Date*||21st Nov 2022|
* - Tentative Dates
|Market Lot:||36 Shares|
|1 Lot Amount:||₹14652|
|Min Small HNI Lots(2-10 Lakh):||504 shares (14 lots)|
|Min Big HNI Lots(10+ Lakh):||2484 shares (69 lots)|
Archean Chemical is a leading specialty marine chemical manufacturer in India that is engaged in producing and exporting of industrial salt, bromine, and potash sulphate to customers all over the country. The company produces products from brine reserves in Kutch and manufactures products near Hajipir in Gujarat. As of Sep 30, 2021, the company markets its products to 29 domestic customers and 13 global clients in 13 countries. Its products are being used in various industries including pharmaceuticals, flame retardants, oil & gas, agrochemicals, and energy.
e pharmaceuticals, agrochemicals, water treatment, flame retardant, additives, oil & gas, and energy storage batteries. It is among one of the largest exporters of Bromine in terms of volume in the fiscal year 2021.
The business has an integrated manufacturing facility in Hajipir, Gujarat with close proximity to Jakhau Jetty and Mundra Port.
|Incorporation||Sector||IPO Issue Size||Website|
|2003||Specialty chemical||₹1462.31 Cr||www.archeanchemicals.com|
The table below is live update of IPO bidding details from NSE and BSE.
|# of Shares Offered||10,706,095 (53.64%)||5,550,738 (27.81%)||3,700,492 (18.54%)||19,957,325||1||9th Nov 2022 17:02||0.04x||0.36x||0.95x||0.30x||2||10th Nov 2022 17:02||0.54x||2.07x||2.94x||1.41x||3||11th Nov 2022 19:02||48.91x||14.90x||9.96x||32.23x|
Past performance and financial results of Archean Chemical.
|Archean Chemical Financials (₹ in Crore)||31-Mar-2020||31-Mar-2019|
Last Updated on 2022-11-24T11:08:44+00:00
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Archean Chemical IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Archean Chemical IPO with Zerodha.
Alternate approch to apply in Archean Chemical IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
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To subscribe or apply in Archean Chemical IPO, you can use the following methods:
|Archean Chemical IPO Applying Mode||Method||Details|
|Online Application||3-in-1 Trading Account|
If your broker is 3-in-1 service provider, you can apply in Archean Chemical IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment.
|Online Application||2-in-1 Trading Account|
Brokers like Zerodha, TradeSmart Online provides access to applying in Archean Chemical IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.
This is one of the most popular mode of applying in Archean Chemical IPO. Most of the Syndicate Banks provide access to apply in Archean Chemical IPO via ASBA process. You must have your net banking access, DP ID information to apply in Archean Chemical IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account.
|Offline Application||Physical Form|
You can apply in Archean Chemical IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.
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Applying in Archean Chemical IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download Archean Chemical IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply Archean Chemical IPO, please refer article >> Link
Steps to download the online application form for Archean Chemical IPO
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Archean Chemical IPO is going to be list on 21-11-2022. NSE Code for Archean Chemical is ACI. BSE Code for Archean Chemical is 543657.
Other relevant questions:When Archean Chemical IPO will be listing? Archean Chemical IPO NSE listing date?Archean Chemical IPO date of listing.Archean Chemical IPO BSE listing date?
Archean Chemical IPO Allotment Date is 16-11-2022.
Other relevant questions:Archean Chemical IPO share allotment date?Archean Chemical IPO allotment date?
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