Check out the Archean Chemical IPO GMP. It is also known as IPO Grey Market Premium subject rates today.
Archean Chemical is a company that harnesses sea water to derive valuable raw materials used in industries. They have provided the raw materials to their client for over a decade. The focus of the company has stayed on the three products, which are listed below:
- Liquid Bromine
- Industrial Salt
- Sulfate of Potash
The company’s sales in the three products are 28500 Metric Tons of Liquid Bromine per annum, 3000000 Metric Tons of Industrial Salt per annum, and 130000 Metric Tons of Sulfate of Potash per annum.
Archean Chemical Lot Size:
There are lots in any IPO. The lot size of the Archean Chemical IPO is 36 shares. Any retail customer can buy only a maximum of 13 lots. The price of IPO per lot is 14,652 INR.
Archean Chemical Details:
|IPO Date||9-11-22 to 11-11-22|
|Face Value||2 Rs per share|
|Price||386 to 407 Rs per share|
|Lot Size||36 Shares|
|Issue Size||35928870 shares of 2 Rs.|
|Fresh Issue||19778870 shares of 2 Rs.|
|Offer of Sale||16150000 shares of 2 Rs.|
|Issue Type||Book Built Issue IPO|
|Listing At||NSE (National Stock Exchange), |
BSE (Bombay Stock Exchange)
On November 9, Archean Chemical will launch its initial public offering. IPO revenue will be raised by a new issue of ₹805 crores and an offer to sell up to 16,150,000 equity shares from promoters. Archean Chemical Industries is a leading specialty chemicals manufacturer based in India. Their global presence is extensive. In India, they are the first to produce industrial salt, bromine, and potassium sulfate. As opposed to 755 crores in 2021, the company reported 1143 crores in 2022. The IPO price band is fixed at ₹386 to ₹407 Per Equity Share.
Archean Chemical IPO Timetable:
|Basis of Allotment||16-11-2022|
|Shares allotted to Demat Account.||18-11-2022|
Archean Chemical IPO GMP Subscription / Subscription Status:
The Archean Chemical IPO was subscribed 0.43 Times on November 10. The Public Issue is subscribed to 1.43 Times in the retail category, 0.04 Times in the QIB category, and 0.54 times in the NII category.
Archean Chemical IPO GMP Today:
Archean Chemical accepts applications in one of the two methods that methods are given below:
- You can apply for Archean Chemical through ASBA (Applications Supported by Blocked Amount), which is useable by your bank account. There they will need to log in via their bank accounts through the online system, navigate to the investing part of the menu, and select Archean Chemical IPO from the drop-down list.
- You can also apply for Archean Chemicals IPO by downloading the IPO forms from the websites of NSE and BSE.
Archean Chemical IPO Review:
As a maker and exporter of chemicals such as Liquid Bromine, Industrial Salt, and Sulfate of Potash, ACIL has a unique stand in the market. It has benefited from its ongoing downward streams, which has helped strengthen its margins.
The issue has gotten priced appropriately, Considering its results for FY23. For medium, to long-term returns, investors can invest in this IPO.
Archean Chemical IPO GMP Chittorgarh:
Chittorgarh is the website that reviews the work of all over the stock market. The section on IPOs, Broker Reviews, Stock markets, Options Trading, NRI Accounts, and City Info is included on their home page. They also provide the basic details on the share or IPO which want.
Moreover, to explain more information, they give their viewer the table and graphs that will help them understand the basic knowledge of any share and IPO in detail so that they can buy or sell any stake when required and prevent them from suffering a loss.
Archean Chemical IPO GMP IPO Watch:
IPO Watch is a website that helps investors to know about IPOs specifically. The website contains the details of Upcoming IPOs, SME IPO, IPO Allotment Status, IPO Forms, Buyback, and more. All information on this website is given after seeing all the appropriate points and thoroughly searching about the IPOs.
When is the Archean Chemical initial public offering allotment?
On November 16, 2022, the Premise of Apportioning for Archean Substance’s Initial public offering will get finished. On November 18, 2022, the allocated shares will be stored in the Demat account.
Where Can I Find Archean Chemical IPO GMP Today Information?
As of this now, the Archean Chemical IPO GMP stands at 70.
What are the Expected Returns from the Archean Chemical IPO?
The expected profit from speculation for the Archean Substance Initial public offering is 15%.
When is the IPO listing for Archean Chemical?
The date when Archean Compound will start exchanging on the Initial public offering market has yet to be uncovered. The Initial public offering posting for Archean Synthetic will happen on November 21, 2022.
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