Business Standard

Archean Chemical Industries Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

1,462.31 cr

Price Range (₹)

407

Lot Size

36

Min Investment (₹)

14,652.00

Listing Exchange

MumbaiNSE

Open Date

09-Nov-2022

Close Date

11-Nov-2022

Listing Date

21-Nov-2022

Archean Chemical Industries Ltd News

    The Shares of Archean Chemical Industries Ltd have now been listed.

    Archean Chemical Industries Ltd IPO Details

    Initial public offer of 35,928,869^ equity shares of face value of Rs. 2 each (Equity Shares) of Archean Chemical Industries Limited (the Company or the Issuer) for cash at a price of Rs. 407 per equity share (including a share premium of Rs. 405 per equity share) (Offer Price) aggregating to Rs. 1462.31 crores (the Offer) comprising a fresh issue of 19,778,869^ equity shares aggregating to Rs. 805.00 crores by the company (the Fresh Issue) and an offer for sale of 16,150,000^ equity shares aggregating to Rs. 657.31 crores by the selling shareholders (the Offer for Sale) comprising 2,000,000^ equity shares aggregating to Rs. 81.40 crores by Chemikas Speciality llp (the Promoter Selling Shareholder), 3,835,562^ equity shares aggregating to Rs. 156.11 crores by India Resurgence Fund, Scheme i, 6,478,876^ equity shares aggregating to Rs. 263.69 crores by India Resurgence Fund, Scheme ii and 3,835,562^ equity shares aggregating to Rs. 156.11 crores by Piramal Natural Resources Private Limited (collectively, the Investor Selling Shareholders, and together with the promoter selling shareholder, the Selling Shareholders and such equity shares offered by the selling shareholders, the Offered Shares). The offer constitutes 29.20% of the post-offer paid-up equity share capital of the company. ^Subject to finalisation of the basis of allotment. The face value of equity shares is Rs. 2 each. The offer price is 203.50 times the face value of the equity shares. Bids can be made for a minimum of 36 equity shares in multiples of 36 equity shares thereafter.

    Objective of issue

    Redemption or earlier redemption, in part or full of NCDs issued by the Company. General corporate purposes.

    Archean Chemical Industries Ltd Contact Details

    Archean Chemical Industries Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

    Phone - 91-22-49186000

    Fax - 91-22-49186060

    Email - arunmozhi@archeangroup.com

    Website - www.archeanchemicals.com