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Open
9 Nov 2022
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Close
11 Nov 2022
3
Allotment
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Listing
Mon, Nov 21, 2022
Price Band
₹386 to ₹407
Issue Size
3,59,28,869 shares (agg. up to ₹1,462 Cr)
Lot Size
36 Shares
Listing Date
Mon, Nov 21, 2022
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 18.34x |
Restated Financials (₹ Cr.)
| 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 |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Aether Industries Ltd. | Mainboard | ₹808.04 Cr | ₹642 | 72.3 | ₹774.40 | +20.62% | ₹1,475.30 (-1.42%) |
| HP Adhesives Ltd. | Mainboard | ₹125.96 Cr | ₹274 | null | ₹330.75 | +20.71% | ₹34.03 (+0.23%) |
| Rite Zone Chemcon India Ltd. | SME | ₹8.96 Cr | ₹75 | 90.36 | ₹86.95 | +15.93% | ₹22.65 (-4.83%) |
| Vital Chemtech Ltd. | SME | ₹64.64 Cr | ₹101 | 14.94 | ₹163.10 | +61.49% | ₹50.77 (-1.99%) |
| Bhatia Colour Chem Ltd. | SME | ₹40.00 Cr | ₹80 | 166 | ₹42.00 | -47.50% | ₹41.12 (-3.06%) |
Objects of the Issue
| # | 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 |
About Archean Chemical Industries IPO
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: Leading market position, expansion and growth in bromine and industrial salt. High entry barriers in the speciality marine chemicals industry. Established
Contact Details
Archean Chemical Industries Ltd. AddressNo.2, North Crescent RoadT NagarChennai, Tamil Nadu, 600017+91 44 6109 9999info@archeanchemicals.comVisit Website