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Archean Chemicals IPO: The Initial Public Offer of Archean Chemical Industries has opened from Wednesday, November 9. Investors can subscribe to this IPO (Archean Chemical IPO) till 11 November 2022. The company’s IPO was opened for its anchor investors two days ago. The company has collected Rs 658 crore through anchor investors within two days. According to the information given in the Bombay Stock Exchange, the company has allotted 1.61 crore shares to its anchor investors at the rate of Rs 407 per share, whose total price is around Rs 658 crore.
Who bought the anchor shares-
Let us tell you that a total of 42 investors have bought anchor shares. This includes directors such as Societe Generale, ICICI Prudential, DSP Small Cap Fund, Goldman Sachs, Abu Dhabi Investment Authority, Seganti India Mauritius, Tata Mutual Fund, Nippon India MF and Aditya Birla Sunlife Insurance.
Know the details of IPO
Archean Chemical Industries has decided to raise a total of Rs 1,462 crore through IPO. The company has fixed the price band of the IPO between 386 to 407. The company is issuing new shares of Rs 805 crore in this IPO. At the same time, 1.61 crore shares are being sold by the promoter of the company. In this, Chemikar Specialty will sell its shares worth Rs 20 lakh. On the other hand, Piramal Natural Resources is selling Rs 38.35 lakh and Resurgence Fund is selling its fund of Rs 38.35 lakh. In this IPO, the company has reserved 75 percent for qualified institutional investors, 15 percent for non-institutional buyers and 10 percent for retail investors. At present, the GMP of the company is Rs 60. This stock will be stock on BSE and NSE on 21st November 2022.
What is the details of Archean Chemical Industries-
Archean Chemicals is the largest chemical company exporting bromine and industrial salt in FY 2022. This company manufactures a chemical which is used for marinade. This company has more than 18 big company customers in 13 countries. This company also exports industrial salt to many countries.
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