247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

247  Total SME IPOs listed in 2024

9572.65 Crs.  Total funds raised in 2024

223  SME IPOs listed with Gain in 2024

24  SME IPOs listed with loss in 2024

Archean Chemical Industries Limited IPO (Archean Chemical Industries IPO) Details

Archean Chemical Industries Limited is an Chemical - Speciality based company, located in Chennai, Archean Chemical Industries Limited IPO size was 1462.31 Cr. and was issued at 407.00 per share. The share of Archean Chemical Industries Limited were listed at 457.95 per share and are currently trading at 596.45 per share.

Type :
Sub Sector : Specialty Marine Chemical Manufacturer
MainBoard IPO

Financial Summary (at the time of ipo, on annualised basis)

Revenue :
1635.28 Cr.

PAT :
337.64 Cr.

Pricing Report

Issue Price :
407.00

Listing Price :
457.95

Current Market Price :
596.45

Issue Price vs CMP :
189.45 (46.55%)

listing Price vs CMP :
138.5 (30.24%)

Performance Report (CAGR* wise)

CAGR : 19.26
-ve 0 6 9 12+
Above Average

*CAGR is calculated basis issue price at the time of IPO and Current Market Price without taking into Consideration Bonus/Right issue.

About Archean Chemical Industries

Company Information
Archean Chemical Industries Limited is a leading specialty marine chemical manufacturer in India, specializing in the production and export of bromine, industrial salt, and sulphate of potash to global customers. As of Fiscal 2021, it is the largest exporter of bromine and industrial salt in India and maintains one of the lowest production costs globally for both products. Manufacturing takes place at a facility near Hajipir in Gujarat, sourcing raw materials from brine reserves in the Rann of Kutch. The company's bromine is used in various industries, including pharmaceuticals, agrochemicals, water treatment, and energy storage batteries. Industrial salt plays a key role in the chemical industry, while sulphate of potash is primarily used in fertilizers and has medical applications. As of September 30, 2021, the
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Object of Issue
  • Redemption or earlier redemption, in part or full, of NCDs issued by the Company
  • General Corporate Purposes

Archean Chemical Industries MainBoard IPO Details (at the time of IPO)

IPO Type :
Book Building
IPO Date :
Nov, 2022
IPO Size :
1462.31 Cr.
Market Cap :
5665.56 Cr.   
IPO Subscription :
32.23 X     
PE Multiple :
16.78
Merchant Banker :
ICICI Securities Limited
IPO Registrar:
Link Intime India Private Limited

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Peer Companies Of This Sector

FAQs

Archean Chemical Industries operates in Chemical - Speciality and Specialty Marine Chemical Manufacturer. The Issue is listed on MainBoard in Nov, 2022. Archean Chemical Industries IPO size was 1462.31 Cr. with Issue price of 407.00 .

Merchant Banker(s) of Archean Chemical Industries IPO: ICICI Securities Limited , Iifl Securities Limited , Jm Financial Limited

Archean Chemical Industries IPO subscription was 32.23 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Archean Chemical Industries IPO listed at a listing price of 457.95 against the offer price of 407.00.

The current market price of Archean Chemical Industries is 596.45.

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