IPO Details

Issue Date

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Investment/lot

--

Price Range

386 - 407

Lot Size

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IPO Size

₹ 1462.30 Cr

IPO Listing Details

Listing On

21 Nov'22

Issue Price

407

Listed Price

₹ 450

Retail Gain/Listing Gain

10.57%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

Archean Chemical Industries is a leading specialty marine chemical manufacturer in India, focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world.

The company is the largest exporter of bromine and industrial salt by volume in India in Fiscal 2021 and has amongst the lowest cost of production globally in both bromine and industrial salt. Additionally, as of June 30, 2022, the company marketed its products to 18 global customers in 13 countries and to 24 domestic customers. The company’s products have use within the pharmaceuticals, agrochemicals, water treatment, flame retardant, additives, oil & gas and energy storage battery industries. (Source: Company Commissioned F&S Report)

In the three months ended June 30, 2022 and in Fiscal 2022, Fiscal 2021 and Fiscal 2020, sales of bromine constituted 50.94%, 53.54%, 46.49% and 35.43%, respectively, of their revenue from operations, the sales of industrial salt constituted 48.98%, 45.37%, 49.10% and 57.88%, respectively, of their revenue from operations and sales of sulphate of potash constituted 0.06%, 1.01%, 4.39% and 6.55%, respectively, of their revenue from operations.

The company has an integrated production facility for its bromine, industrial salt, and sulphate of potash operations, located at Hajipir, Gujarat, which is located on the northern edge of the Rann of Kutch brine fields. The manufacturing facility is located in close proximity to the captive Jakhau Jetty and Mundra Port, where the company transports its products to customers internationally.

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Leading market position, expansion and growth in bromine and industrial salt:
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Strong and consistent financial performance:
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High entry barriers in the specialty marine chemicals industry:
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Focus on environment and safety:
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Here are a few strategies Archean Chemical Industries Ltd. has for its business:

  • Expand into downstream bromine derivative performance products

  • Expand bromine and industrial salt capacities

  • Continue to build global customer base and enter new geographical markets

  • Continue to focus on quality, environment, health and safety

And finally here’s a look at key financials of Archean Chemical Industries Ltd.

Particulars (in Rs. million)

Particulars (in Rs. million)

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Archean Chemical Industries Ltd IPO FAQs

Archean Chemical Industries Ltd will list on 2022-11-21.

1462.30 is the issue size of Archean Chemical Industries Ltd IPO.

The price band of Archean Chemical Industries Ltd IPO is ₹386 to ₹407.

The Archean Chemical Industries Limited IPO has an issue size of around Rs. 805 crore. The IPO opens for subscription on 9th November 2022 and ends on 11th November 2022.

The allotment dates will be announced soon.

Link Intime India Private Limited is the registrar for this IPO.

You can read more about Archean Chemical Industries Limited and its IPO from the company’s red herring prospectus (RHP) here Archean Chemical Industries Limited RHP.

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