Archean Chemical Industries IPO

Archean Chemical Industries Ltd.

₹13,896 /36 sharesMinimum Investment

Archean Chemical Industries IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹407.00₹466.00₹59.00 (14.50%)

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

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
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