Archean Chemical Industries Limited is a leading specialty marine chemical manufacturer focusing on production and export of bromine, industrial salt and sulphate of potash to 13 countries.
It was the largest exporter of bromine and industrial salt by volume from India in Fiscal 2021 and is the only manufacturer of sulphate potash in India.
As of June 30, 2022, their manufacturing facility in Hajipur, Gujarat had an installed capacity of 28,500 MT per annum of bromine, 3,000,000 MT per annum of industrial salt and 130,000 MT per annum of sulphate of potash.
Contribution of products to revenue
| Fiscal | Bromine | Industrial Salt | Sulphate of Potash |
|---|---|---|---|
| 20 | 35.43% | 57.88% | 6.55% |
| 21 | 46.49% | 49.10% | 4.39% |
| 22 | 53.54% | 45.37% | 1.01% |
Financial Snapshot (Rs in Cr)
| Period Ended | Revenue from operations | EBITDA | PAT | ROCE | EPS |
|---|---|---|---|---|---|
| June 30, 2022 | 400.27 | 169.61 | 84.41 | 11.71% | 8.17 |
| March 31, 2022 | 1130.44 | 479.54 | 188.58 | 34.62% | 18.26 |
| March 31, 2021 | 740.76 | 276.25 | 66.61 | 21.01% | 6.45 |
| March 31, 2020 | 608.17 | 156.83 | 36.22 | 11.24% | 3.51 |
For more information, you can check the IPO Prospectus filed by the company 
Important information regarding the IPO
| Issue Period | 9th November -11th November 2022 |
|---|---|
| Price Band | ₹ 386 – 407 |
| Minimum Bid Quantity | 36 and multiples thereof |
| Face Value | ₹ 2 |
| Number of Shares | 3,59,28,870 shares |
| Issue size | ₹1,462.31 Cr |
| Date of Allotment | 16th November, 2022 |
| Initiation of Refund | 17th November, 2022 |
| Credit of shares | 18th November, 2022 |
| Date of Listing | 21st November, 2022 |
| Mandate end date | 26th November, 2022 |
| Anchor Investors Lock-in End Date | 11th December, 2022 |
How do I apply for Archean Chemical Industries Limited IPO?
You can apply for it using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
Where do I check the allotment status for Archean Chemical Industries Limited IPO?
You can check the allotment status on the website of the Registrar and Transfer agent .
Alternatively, you can also check the allotment status on the NSE website.