Archean Chemical IPO

Archean Chemical IPO | Review

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Archean Chemical Industries Limited has come up with an initial public offer (IPO). It will open on November 09-11, 2022 at Rs.386-407 a share. The IPO issue size is around Rs.1,462.31 crore. The minimum bid will be for 36 shares and in its multiples thereafter.


Archean Chemical Industries Limited is a leading specialty marine chemical manufacturer in India. It focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world. The company is the largest exporter of bromine and industrial salt by volume in India in Fiscal 2021 and has amongst the lowest cost of production globally in both bromine and industrial salt. It has marketed products to 18 global customers in 13 countries and to 24 domestic customers. 

The company’s marine chemicals business is predominantly conducted on a business-to-business basis both in India and internationally. It exports products to China, Japan, South Korea, Qatar, Belgium and the Netherlands. Company has an integrated production facility for bromine, industrial salt, and sulphate of potash operations, located at Hajipir, Gujarat.



Chemikas Speciality LLP – 38.21%Ranjit Pendurthi – 25.81%
Ravi Pendurthi  – 1.56%

Promoter Holding

Pre-Issue Shareholding – 65.58%Post-Issue Shareholding – 55.04%

Strength & Weakness

Leading market position in bromine and industrial saltBusiness is dependent on manufacturing facility
High entry barriers in the specialty marine chemicals industryReliance on three principal products for substantially
Established infrastructureDebt restructured in previous years
Integrated production with cost efficienciesExchange rate fluctuations
Focus on environment and safetyDoesn’t have long-term agreements with supplier
Largest Indian exporter of bromine and industrial saltSignificant part of revenue from major customers
Strong and consistent financial performanceRequire various licenses and approvals
Experienced management teamFaces stiff competition
Continue to build global customer base and enter new geographical marketsDependent on 3rd party transportation and logistics service providers


BromineIndustrial SaltSulphate of Potash


Unibrom CorpChinese Trading company
Chinese Chemical CompanyShandong Tianyi Chemical Corp
Sojitz CorporationIndian trading company
Wanhua Chemical 


Tata Chemicals LimitedDeepak Nitrite Limited
Aarti Industries LimitedNeogen Chemicals Limited

Company Financials

YearRevenue (in Crore)Profit (in Crore)

Object of Issue

1) The Selling Shareholders will be entitled to their respective portion of the proceeds of the Offer for Sale

2) Redemption or earlier redemption, in part or full, of NCDs issued by our Company

3) General corporate purposes

Archean Chemical IPO Lot Size

Retail (Min)136Rs.14,652
Retail (Max)13468Rs.1,90,476
S-HNI (Min)14504Rs.2,05,128
B-HNI (Max)692,484Rs.10,10,988

Archean Chemical IPO Details

IPO Opening Date November 09, 2022
IPO Closing Date November 11, 2022
Face Value Rs.2 per Equity Share
IPO Price Rs.386-407 per share
Market Lot 36 shares
Minimum Order Quantity 36 shares
Listing At NSE, BSE
No. of shares (Fresh Issue)1,97,78,870 shares
No. of shares (OFS)1,61,50,000 shares
Issue Size Up to Rs.1,462.31 Crore
QIB Shares Offered 75% of the offer
Retail Shares Offered 10% of the offer 
NII/HNI Shares Offered 15% of the offer 

Archean Chemical IPO Timetable

IPO DateNovember 09-11, 2022
Allotment DateNovember 16, 2022
Initiation of RefundsNovember 17, 2022
Credit of share to Demat a/cNovember 18, 2022
IPO Listing DateNovember 21, 2022

Allotment Status

Link Intime –

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About the author

Shankar Awale

Hey! I am Shankar Awale an aspiring blogger with an obsession for all things of Finance. This blog is dedicated to help people to learn about Financial Knowledge in easy language.

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