Archean Chemical IPO will open on 09 Nov 2022 and will close on 11 Nov 2022. The LOT size of this IPO is 36 shares.
Archean Chemical IPO GMP Price
The GMP Price of Archean Chemical IPO is Rs. ( GMP price will be updated soon ) as per Market search.
IPO Objective
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.
About Company
Archean Chemical IPO will open on 09 Nov 2022 and will close on 11 Nov 2022. The price band is Rs. 386-407 per equity share and a lot of shares are 36. They are going to be listed on BSE NSE.
Archean Chemical IPO Subscription Status (Live Data)
| Category | Day 1 | Day 2 | Day 3 |
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Archean Chemical IPO Details
| Description | Archean Chemical IPO Details |
|---|---|
| Issue Size | 370.05 lakh shares (aggregating up to ₹ 1,428.39 – 1,506.10 Cr) |
| Issue Open Date | 09 Nov 2022 |
| Issue Close Date | 11 Nov 2022 |
| IPO Price Band | ₹386 – ₹407 |
| Face Value | ₹2 per share |
| Market Lot | 36 Shares |
| Minimum Order Quantity | 36 Shares |
| Listing | BSE NSE |
Archean Chemical Financials (Restated)
| 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 |
Archean Chemical IPO Important Dates
| Offer start | 09 Nov 2022 |
| Offer end | 11 Nov 2022 |
| Allotment finalization | 16 Nov 2022 |
| Refund initiation | 17 Nov 2022 |
| Demat transfer | 18 Nov 2022 |
| Listing | 21 Nov 2022 |
Archean Chemical IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 36 | ₹14,652 |
| Retail (Max) | 13 | 468 | ₹190,476 |
| S-HNI (Min) | 14 | 504 | ₹205,128 |
| B-HNI (Min) | 68 | 2,484 | ₹1,010,988 |
Company Promoters
The promoters of the Company, are namely, Chemikas Speciality LLP, Ravi Pendurthi and Ranjit Pendurthi.
Archean Chemical IPO Registrar
Phone: +91-22-4918 6270
Email: archean.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Archean Chemical IPO Company Address
Archean Chemical Industries Limited
No. 2, North Crescent Road,
T Nagar, Chennai 600 017
Tamil Nadu, India
Phone: +91 44 6109 9999
Email: info@archeanchemicals.com
Website: https://www.archeanchemicals.com/
How to Apply Archean Chemical IPO?
You can signup or login to Zerodha and apply there.
Also, Check the Upcoming IPO watch list
What is Archean Chemical IPO?
Archean Chemical IPO will open on 09 Nov 2022 and close on 11 Nov 2022.
When will Archean Chemical IPO open?
Archean Chemical IPO will open on 09 Nov 2022.
When will Archean Chemical IPO close?
Archean Chemical IPO will close on 11 Nov 2022.
What is the LOT size of Archean Chemical IPO?
The LOT size of Archean Chemical IPO is 36 shares.