Archean Chemical Industries IPO

Archean Chemical Industries Ltd.

₹13,896 /36 sharesMinimum Investment

Archean Chemical Industries IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
9 Nov ‘22 - 11 Nov ‘22₹13,89636₹386 - ₹407
Issue SizeIPO Doc
1462.31Cr
RHP PDF

Subscription Status As on 11 Nov '22, 5:30 PM

  • Qualified Institutional Buyers
    48.91x
  • Non-Institutional Investor
    14.90x
  • Retail Individual Investor
    9.96x
  • Total
    32.23x

About Archean Chemical Industries

Archean Chemical Industries is a leading specialty marine chemical manufacturer in India and focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world. It markets its products to 18 global customers in 13 countries, and to 24 domestic customers. Its marine chemicals business is predominately conducted on a business-to-business basis both in India and internationally. It is an export-oriented business with key geographies being China, Japan, South Korea, Qatar, Belgium, and the Netherlands.;
Parent Organisation
Archean Chemical Industries Ltd.
Founded
2003
Managing Director
Ranjit Pendurthi

Strengths & Risks

  • Leading market position, expansion, and growth in bromine and industrial salt.
  • High entry barriers in the specialty marine chemicals industry.
  • Established infrastructure and integrated production with cost efficiencies.
  • Focus on environment and safety.
  • Indian exporter of bromine and industrial salt with a global customer base.
  • Strong and consistent financial performance.
  • Experienced management team, promoters and financial investors and stakeholders.
  • Any slowdown or shutdown in its manufacturing operations or strikes, work stoppages, or increased wage demands by our employees that could interfere with its operations.
  • Inability to comply with repayment and other covenants in its financing agreements.
  • Exposure to regulatory and other geography-specific risks such as weather and natural occurrences as well as regulatory, economic, demographic, and other changes in Gujarat since its manufacturing facility is located in Gujarat.
  • Substantial reliance on three major products for profits.
  • Exchange rate fluctuations.
  • A lack of long-term agreements with suppliers for its raw materials
  • Subject to certain risks consequent to its operations involving the manufacture, usage, and storage of various hazardous substances.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular386 - 407₹2 Lakh
For Archean Chemical Industries IPO, eligible investors can apply as Regular.
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