Offer period |
Nov 9, 2022, to Nov 11, 2022, |
Price Band |
₹386 to ₹407 per share |
Lot Size |
36 Shares |
Issue Size |
₹1462.31 Cr |
Listing Date |
Nov 21, 2022 |
Allotment Date |
Nov 16, 2022 |
In Fiscal 2021, Archean Chemical Industries Limited is India's largest exporter of bromine and industrial salt. The company is India's leading specialty marine chemical manufacturer, producing and exporting bromine, industrial salt, and potash sulphate to customers worldwide.
Archean Chemical Industries sells its products to 18 global customers in 13 different countries and 24 domestic customers. With 2.7 million MT of industrial salt exported in Fiscal 2021, the company was India's largest exporter.
Archean Chemical Industries Limited is India's largest bromine exporter. The company is India's sole producer of sulphate potash. The marine chemicals business of the company is mostly conducted on a business-to-business basis, both in India and internationally.
The company operates an integrated production facility for bromine, industrial salt, and potash sulphate operations in Hajipir, Gujarat, on the northern edge of the Rann of Kutch brine fields.
Archean Chemical Industries' initial public offering (IPO) worth ₹1462.32 crores begins on November 9th and closes on November 11th.
The offering consists of a fresh issue of up to 805 crore equity shares and an offer for the sale of up to 1.6 crore shares by the promoter and investors, including the India Resurgence Fund, a joint venture between the Piramal Group and Bain Capital. The lot size for this issue is 36 shares, and the price band is ₹386 - ₹407 per share.
The shares will be distributed on November 16th, with the listing date set for November 21st.
The issue's lead managers are IIFL Securities, ICICI Securities Ltd, and JM Financial.
The Selling Shareholders will be entitled to their respective portions of the Offer for Sale proceeds.
The company intends to use the net proceeds of the Fresh Issue to fund the following projects:
Redemption or earlier redemption of NCDs issued by the Company, in part or in full.
General corporate objectives
Period Ended |
Total Assets |
Total Revenue |
Profit After Tax |
Net Worth |
Total Borrowing |
31-Mar-19 |
1260.51 |
572.91 |
39.97 |
42.37 |
772.02 |
31-Mar-20 |
1428.6 |
617 |
-36.24 |
5.97 |
929.26 |
31-Mar-22 |
1529.68 |
1142.83 |
188.58 |
261.06 |
921.87 |
30-Jun-22 |
1606.65 |
408.82 |
84.41 |
345.44 |
915.58 |
Market leadership, expansion, and growth in bromine and industrial salt
The speciality marine chemicals industry has high entry barriers.
Established infrastructure and cost-effective integrated production
Largest Indian bromine and industrial salt exporter with a global customer base
Manufacturing operations slowing or shutting down, or strikes, work stoppages, or increased wage demands by employees
Failure to develop new bromine derivative products successfully or to continue product portfolio expansion in a timely and cost-effective manner
Our reliance on three main products to significantly increase sales could be detrimental to our business.
Because the manufacturing facilities are only in Gujarat, the operations are vulnerable to geographical risks such as weather and natural occurrences, as well as regulatory, economic, demographic, and other changes in Gujarat.
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