Archean Chemicals 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.
The Archean Chemical Industries IPO issue consists of a fresh issue of equity shares aggregating up to ₹805 crore and an offer for sale of up to 1.6 crore shares.
Objective of Archean Chemical Industries IPO The proceeds from the issue will be used got • Redemption or earlier redemption, in part or full, of NCDs issued by our Company • General corporate purposes
The Archean Chemical Industries IPO opens on 9th November and closes on 11th November.
The price of the The Archean Chemical Industries IPO is set at Rs. 386 – Rs. 407 per share.
The Archean Chemical Industries IPO lot size is 36 shares per lot. A retail-individual investor can apply for up to 13 lots (468 shares or ₹190,476).