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Archean Chemical Industries IPO
Archean Chemical Industries has filled the DRHP with SEBI to raise funds between Rs, 2000 crores - Rs2,200 crores through an Initial Public Offering. The offer consists of Rs.1000 crore fresh equity and an offer of sale of 1.9 crore shares by promoters & investors. Click here to Apply for Archean Chemical Industries IPO.
Opening Date
Nov 9, 2022
Closing Date
Nov 11, 2022
Price Band
₹386 - ₹407
per equity share
Issue Size
₹1428-1,462 Cr (approx)
Face Value
₹2
per equity share
Market Lot
36 Shares
Opening Date
Nov 9, 2022
Closing Date
Nov 11, 2022
Price Band
₹386 - ₹407
per equity share
Issue Size
₹1428-1,462 Cr (approx)
Face Value
₹2
per equity share
Market Lot
36 Shares
Listing at NSE, BSE
Archean Chemical Industries Limited IPO Important Dates
| IPO Open Date | Nov 9, 2022 |
|---|---|
| IPO Close Date | Nov 11, 2022 |
| Allotment Date | Nov 16, 2022 |
| Initiation Of Refunds | Nov 17, 2022 |
| Credit Of Shares To Demat Account |
Nov 18, 2022 |
| IPO Listing Date | Nov 21, 2022 |
| UPI Mandate Expiry Date | November 11, 2022 |
Archean Chemical Industries Limited IPO Latest News and Subscription Status Today [Live]
At 05:49:00 PM.
This IPO has been subscribed 32.23x by 05:49 PM. on Day 3
It is a public issue of 19,957,325 equity shares.
Status of Subscription
This IPO has been subscribed 31.11x by 03:56 PM. on Day 3
It is a public issue of 19,957,325 equity shares.
Status of Subscription
This IPO has been subscribed 6.53x by 01:33 PM. on Day 3
It is a public issue of 19,957,325 equity shares.
Status of Subscription
This IPO has been subscribed 1.99x by 10:52 AM. on Day 3
It is a public issue of 19,957,325 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 48.91
- (NII) Non-institutional buyers: 14.90
- (RII) Retail Individual buyers: 9.96
- Employees: [.]
- (QIB) Qualified institutional buyers: 48.91
- (NII) Non-institutional buyers: 14.85
- (RII) Retail Individual buyers: 9.39
- Employees: [.]
- (QIB) Qualified institutional buyers: 6.42
- (NII) Non-institutional buyers: 7.10
- (RII) Retail Individual buyers: 5.98
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.78
- (NII) Non-institutional buyers: 3.05
- (RII) Retail Individual buyers: 3.90
- Employees: [.]
At 05:00:00 PM.
This IPO has been subscribed 1.41x by 05:00 PM. on Day 2
It is a public issue of 19,957,325 equity shares.
Status of Subscription
This IPO has been subscribed 0.84x by 03:18 PM. on Day 2
It is a public issue of 19,957,325 equity shares.
Status of Subscription
This IPO has been subscribed 0.53x by 01:33 PM. on Day 2
It is a public issue of 19,957,325 equity shares.
Status of Subscription
This IPO has been subscribed 0.53x by 11:52 AM. on Day 2
It is a public issue of 19,957,325 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.04
- (NII) Non-institutional buyers: 2.07
- (RII) Retail Individual buyers: 2.94
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.04
- (NII) Non-institutional buyers: 1.39
- (RII) Retail Individual buyers: 2.35
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.04
- (NII) Non-institutional buyers: 0.93
- (RII) Retail Individual buyers: 1.97
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.04
- (NII) Non-institutional buyers: 0.72
- (RII) Retail Individual buyers: 1.68
- Employees: [.]
At 05:00:00 PM.
This IPO has been subscribed 0.30x by 05:00 PM. on Day 1
It is a public issue of 19,957,325 equity shares.
Status of Subscription
This IPO has been subscribed 0.14x by 03:18 PM. on Day 1
It is a public issue of 19,957,325 equity shares.
Status of Subscription
This IPO has been subscribed 0.12x by 02:04 PM. on Day 1
It is a public issue of 19,957,325 equity shares.
Status of Subscription
This IPO has been subscribed 0.12x by 10:29 AM. on Day 1
It is a public issue of 19,957,325 equity shares.
Status of Subscription
- (QIB) Qualified institutional buyers: 0.04
- (NII) Non-institutional buyers: 0.36
- (RII) Retail Individual buyers: 0.95
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.09
- (RII) Retail Individual buyers: 0.62
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.01
- (RII) Retail Individual buyers: 0.52
- Employees: [.]
- (QIB) Qualified institutional buyers: 0.00
- (NII) Non-institutional buyers: 0.01
- (RII) Retail Individual buyers: 0.12
- Employees: [.]
About Archean Chemical Industries Limited
Archean Chemical Industries Limited is a speciality marine chemical manufacturer in India. The company focuses on producing and manufacturing bromine, industrial salt, and sulphate of potash. They are the largest exporter of bromine and industrial salt, according to Frost & Sullivan. The firm has a brine reserve in the Rann of Kutch, located on the coast of Gujarat, where they produce their products and manufacturing happens near Hajipir in Gujarat. As of Sept 2021, the brand has marketed its products to 13 global customers in 13 countries and to 29 domestic customers.
Their bromine acts like key initial level materials that are used in pharmaceuticals, agrochemicals, water treatment, flame retardant, additives, oil & gas and energy storage batteries.
Industrial salt is considered an important raw material used in the chemical industry for the production of sodium carbonate(soda ash), caustic soda, hydrochloric acid, chlorine, bleaching powders, chlorates, sodium sulphate (salt cake) and sodium metal.
Archean Chemical Industries Limited IPO Objectives
• The fund raised with IPO will be used to redeem fully or partially non-convertible debentures. This will help the company to reduce its outstanding debts.
• The fund will be used for different business and corporate purposes including capital expenditure, administration, and maintenance.
Why should you invest in the Archean Chemical Industries Limited IPO?
- The campaign ‘Make in India’ by the government is aiming to increase the contribution of the manufacturing sector from 18% in Fiscal 2020 to 25% by Fiscal 2025.
- After the adverse effect of a pandemic, India is now focusing on increasing R&D spend as it is significantly lower than other countries.
- The global chemicals market is expected to grow at a CAGR of 6.2% CAGR from US$5,027 billion in the calendar year 2020 to reach US$6,780 billion by the calendar year 2025, according to the Company Commissioned F&S Report.
Financial Highlights
| Particulars | Fiscal 2021 | Fiscal 2020 | Fiscal 2019 |
|---|---|---|---|
| Revenue From Operation | 7,407.64 | 6,081.70 | 5,655.06 |
| EBITDA | 2,762.53 | 1,568.13 | 1,943.41 |
| EBITDA Margin (%) | 37.29% | 25.78% | 34.37% |
| Profit/(loss) after tax | 666.06 | (362.35) | 399.72 |
| PAT margin | 8.99% | -5.96% | 7.07% |
| Capital expenditure | 362.12 | 1,747.87 | 337.34 |
| Net cash generated from operations | 1,190.97 | 1,475.51 | 3,162.14 |
| ROCE | 21.01% | 11.23% | 17.81% |
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How to apply for Archean Chemical Industries Limited IPO?
Retail investors need to apply for the IPO using UPI.
UPI
- Link your bank account to a UPI ID.
- Register your UPI id with your Demat account.
- Subscribe for Archean Chemical Industries Limited IPO and approve the payment on your UPI ID.
Demat Account
- If you’re a new investor, Open a DEMAT Account for free with Angel One and begin your investment journey.
Archean Chemical Industries Limited Noteworthy Highlights:
- The brand has been a leading specialty marine chemical manufacturer in India since 2013.
- Archean Chemical Industries Limited is the largest exporter of industrial salt in India with exports of 2.7 million MT in Fiscal 2021.
The Brand’s Pros & Cons:
| Pros | Cons |
|---|---|
| The company is the leading in the market position with growing bromine and industrial salt. | Any pandemic like Covid 19 can adversely affect our business, operations and financial conditions. |
| The brand has established infrastructure & integrated production with cost efficiency. | Exchange Rate fluctuation can affect the business adversely. |
| They have a strong financial performance. During FY2021, FY2020 and FY2019, our ROCE was 14.35% (not annualised), 21.01%, 11.23% and 17.81%, respectively. | Inability to implement the different business strategies can adversely affect the business. |
Competitive Analysis: Market Peers
| Name of the company | Total income (₹ in million) | Face Value per Equity share (₹) | P/E | EPS (Basic) (₹) | EPS (Diluted) (₹) | RoNW (%) | NAV per equity share (₹) |
|---|---|---|---|---|---|---|---|
| Archean Chemical Industries Limited | 7,547.90 | 2 | - | 6.45 | 6.45 | 92.04 | 7.01 |
| Listed Peers | |||||||
| Tata Chemicals Limited | 104,342.2 | 10 | 89.15 | 10.06 | 10.06 | 1.79 | 560.93 |
| Deepak Nitrite Limited | 43,812.7 | 2 | 36.66 | 56.88 | 56.88 | 33.06 | 172.05 |
| Aarti Industries Limited | 45,068.0 | 5 | 32.45 | 30.04 | 30.04 | 14.94 | 201.05 |
| Neogen Chemicals Limited | 3,365.5 | 10 | 114.36 | 13.45 | 13.45 | 17.12 | 78.43 |
Archean Chemical Industries Limited IPO FAQs
What is Archean Chemical Industries Limited IPO?
Archean Chemical Industries has filled the DRHP with SEBI to raise funds between Rs, 2000 crores - Rs2,200 crores through an Initial Public Offering. The offer consists of Rs.1000 crore fresh equity and an offer of sale of 1.9 crore shares by promoters & investors.
When will Archean Chemical Industries Limited IPO allotment be available?
The IPO share allotment date is fixed on November 16, 2022.
What will be Archean Chemical Industries Limited IPO lot size?
The determined lot size is 36 equity shares.
When will Archean Chemical Industries Limited IPO open for subscription?
Archean Chemical Industries IPO subscription window will open on November 9, 2022.
What minimum lot size can retail investors subscribe to?
Retail investors need to apply for a minimum of one lot.
When will Archean Chemical Industries Limited list on exchanges?
Usually, it takes ten working days from the last day of subscription to finally list the IPOs on the stock exchanges. The listing date for Archean Chemical Industries is November 21, 2022.
How to check the allotment status of Archean Chemical Industries Limited IPO?
Angel One investors can log in to their account to check the allotment status of Archean Chemical Industries Limited IPO.
Which exchanges will Archean Chemical Industries Limited IPO list on?
The IPO will list on NSE and BSE exchanges.
Is it possible for NRIs to use Angel One App to apply for Archean Chemical Industries Limited IPO?
NRIs can apply for Archean Chemical Industries Limited IPO through Angel One App using their UPI app if their bank supports it for NRE/NRO accounts.
Is it necessary to approve a UPI mandate request immediately?
Approving the UPI payment is the final step of the IPO application. You will get T+1 days to approve the payment mandate in your UPI handle.
How to apply for this Archean Chemical Industries Limited IPO via the Angel One App?
To apply for the IPO from the Angel One app, search for Archean Chemical Industries Limited in the active IPO list and click on apply.
What is the minimum order quantity for Archean Chemical Industries Limited IPO?
The minimum order quantity for Archean Chemical Industries is fixed at 36 equity shares.
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