Everything you need to know about the Archean Chemical Industries Limited IPO

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 :point_down:

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.