Archean Chemical IPO subscription status started on Wednesday, November 9, 2022 and will close on November 11, 2022. Archean Chemical IPO to raise around ₹1,492 crores via IPO. The retail quota is 10%, QIB is 75%, and HNI is 15%. The price band is fixed at ₹386 to ₹407 per equity share.
The Archean Chemical IPO minimum market lot is 36 shares with ₹14,652 application amount. The retail investors can apply up-to 13 lots with 468 shares or ₹190,476 amount. The The IPO to list on BSE and NSE.
Archean Chemical Industries is a leading specialty chemicals manufacturing company based in India. They have a wide presence in the global markets. They are the first of-its-kind integrated plant in India to produce Industrial Salt, Bromine, and Sulfate of Potash.
IPO Subscription Update
- Day 1: Archean Chemical IPO subscribed 0.30 times overall in that QIB 0.04 times, NII 0.36 times and retail 0.95 times.
- Day 2: Archean Chemical IPO subscribed 1.41 times overall in that QIB 0.54 times, NII 2.07 times and retail 2.94 times.
- Day 3: Archean Chemical IPO subscribed 32.23 times overall in that QIB 48.91 times, NII 14.90 times and retail 9.95 times.
IPOWatch View
We recommend investors may apply an IPO with Short-term and Long-term Views. Investors should also look at the QIB, NII, and Retail numbers before investing. You can check the Archean Chemical IPO allotment status here.
Archean Chemical IPO Subscription Status – Final Data
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.04 | 0.54 | 48.91 |
| NII | 0.36 | 2.07 | 14.90 |
| RII | 0.95 | 2.94 | 9.95 |
| Total | 0.30 | 1.41 | 32.23 |
Archean Chemical IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Archean Chemical IPO Review
- Apply
Archean Chemical IPO Date & Price Band
| IPO Open: | November 9, 2022 |
| IPO Close: | November 11, 2022 |
| IPO Size: | Approx ₹1,462 Crores |
| Fresh Issue: | Approx ₹805 Crores |
| Offer for Sale: | Approx 16,150,000 Equity Shares |
| Face Value: | ₹2 Per Equity Share |
| IPO Price Band: | ₹386 to ₹407 Per Share |
| IPO Listing on: | BSE & NSE |
| Retail Quota: | 10% |
| QIB Quota: | 75% |
| NII Quota: | 15% |
| Discount: | N/A |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Archean Chemical IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 36 | ₹14,652 |
| Retail Maximum | 13 | 468 | ₹190,476 |
| S-HNI Minimum | 14 | 504 | ₹205,128 |
| B-HNI Minimum | 68 | 2,484 | ₹1,010,988 |
Archean Chemical IPO Subscription Dates
| Price Band Announcement: | November 3, 2022 |
| Anchor Investors Allotment: | November 7, 2022 |
| IPO Open Date: | November 9, 2022 |
| IPO Close Date: | November 11, 2022 |
| Basis of Allotment: | November 16, 2022 |
| Refunds: | November 17, 2022 |
| Credit to Demat Account: | November 18, 2022 |
| Archean Chemical IPO Listing Date: | November 21, 2022 |
Archean Chemical IPO Form
How to apply for the Archean Chemical IPO? You can apply for Archean Chemical IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Archean Chemical IPO in the Invest section. The other option is you can apply for Archean Chemical IPO via IPO forms downloaded via BSE and NSE. Check out the Archean Chemical forms – Click BSE and NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
