Archean Chemical Industries Ltd. IPO

The company is a leading specialty marine chemical manufacturer in India and focused on producing and exporting bromine, industrial salt, and sulphate of potash to customers around the world.

RHP
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DRHP
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Open Date

2022-11-09

Close Date

2022-11-11

IPO Details

Check out the issue details for Archean Chemical Industries Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 407

Price Band

₹ 386 - 407

Issue Size

1462.21 Cr.

Issue Type

Book Built

Open

2022-11-09

Close

2022-11-11

Listingprice

₹ 450

ListingGain

10.57%

Listing Date

2022-11-21

CMP

₹ 746.25

Current Return

83.35%

Company Financials

You can get the following financial statements of Archean Chemical Industries Ltd. as of now.

Subscription Details

The details about the Archean Chemical Industries Ltd IPO is as:

  • The issue size of the IPO is 1462.31 Cr.
  • The price band for Archean Chemical Industries IPO is Rs 386 to Rs 407.
  • The shares of Archean Chemical Industries IPO will list on 21st November 2022.
  • The latest tentative GMP of Archean Chemical Industries IPO is Rs 120.
  • The shares of Archean Chemical Industries IPO is subscribed 32.23 Times as of 11th November 2022.

Archean Chemical Industries Ltd IPO Valuation

The approx valuation of Archean Chemical Industries Ltd IPO based on its price band and RHP/DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 407
Existing Shares (Qty) 10.32 Cr
Fresh Issue (Amount) 805 Cr
Market Cap 5005.24 Cr
EPS (FY22) Rs 18.26
PE Ratio 22.28x
Industry PE 38x

 

Archean Chemical Industries Ltd IPO Issue Size

Archean Chemical Industries Ltd IPO issue size is 1462.31 Cr.

Issue Amount
Fresh Issue 805 Cr
Offer For Sale 657.31 Cr

 

Archean Chemical Industries IPO Market Lot

An Individual can apply for a minimum 1 lot of 36 shares and a maximum of 13 lots of 468 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 36 Rs 14,652
 Maximum 13 468 Rs 1,90,476

 

Archean Chemical Industries IPO Offer

The shares of Archean Chemical Industries IPO is subscribed 32.23 Times as of 11th November 2022. The category-wise shares subscribed are as follows:

Category % Offered Subscription
Qualified Institutional Minimum 75% 48.91 Times
Non-Institutional Maximum 15% 14.90 Times
Retail Individual Maximum 10% 9.96 Times
Total   32.23 Times

 

Archean Chemical Industries IPO Grey Market Premium

As on GMP (Tentative)
14 November 2022 Rs 98
15 November 2022 Rs 82
16 November 2022 Rs 82
17 November 2022 Rs 90
18 November 2022 Rs 110
19 November 2022 Rs 120

It is purely for informational purposes and invest in an IPO after thoroughly researching on your own.

 

Allotment Details

Find below the dates for Archean Chemical Industries Ltd IPO:

Schedule Date
Basis of Allotment 16 November 2022
Refunds 17 November 2022
Credit to Demat Account 18 November 2022
IPO Listing Date 21 November 2022

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 565.51 608.17 740.76 1130.44 1441.07
Total Expenditure 496.74 460.14 478.54 663.13 806.7
Operating Profit 68.77 148.03 262.23 467.31 634.37
Other Income 7.09 8.29 14.03 12.64 44.18
Interest 113.66 121.76 130.39 161.67 96.96
Depreciation 47.27 51.92 55.38 66.86 68.51
Exceptional Items 114.26 0 0 0 0
Profit Before Tax 29.2 -17.36 90.48 251.42 513.08
Provision for Tax -11.87 18.29 23.89 62.8 129.42
Net Profit 41.06 -35.8 66.36 188.71 383.94
Adjusted EPS (Rs.) 0.43 -0.37 0.69 1.96 3.12

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 19.27 19.27 19.27 19.27 24.61
Total Reserves 24.15 -11.65 54.71 243.42 1407.91
Borrowings 740.52 848.26 858.43 842.83 0.79
Other N/C liabilities 222.33 243.72 278.06 250.61 151.21
Current liabilities 140.65 253.51 170.26 175.56 192.12
Total Liabilities 1146.91 1353.11 1380.74 1531.69 1776.64
Assets
Net Block 913.5 917.12 1007.32 1086.19 1097.48
Capital WIP 9.07 158.19 18.93 17.17 33.2
Intangible WIP 0 0 34.98 0.04 0
Investments 0 0.08 0.09 5.09 5
Loans & Advances 35.68 14.92 18.25 28.53 21.88
Other N/C Assets 0 0.65 0.58 0.82 22.01
Current Assets 188.67 262.16 300.59 393.85 597.09
Total Assets 1146.91 1353.11 1380.74 1531.69 1776.64
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Other Income 7.66 8.58 11.2 11.58 10.09
Profit Before Tax 131.45 182.39 125.43 87.71 135.93
Tax 33.17 45.57 31.25 21.37 33.74
Profit After Tax 98.29 136.82 94.17 66.35 102.19
Adjusted EPS (Rs) 7.99 11.12 7.65 5.39 8.28

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Dec 2023 53.45 4.55
Sep 2023 53.6 0
Jun 2023 53.6 0
Mar 2023 53.6 0
Dec 2022 53.6 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations 29.2 -17.36 90.48 251.42 513.08
Adjustment 59.78 184.22 196.49 228.26 161.18
Changes in Assets & Liabilities 224.16 -19.07 -168.29 -152.59 -155.64
Tax Paid -1.04 -0.25 0 0 -20.79
Operating Cash Flow 312.2 147.54 119.1 327.09 497.82
Investing Cash Flow -25.09 -196.65 -1.75 -127.63 -287.82
Financing Cash Flow -252.37 26.36 -110.32 -223.72 -211.97
Net Cash Flow 34.74 -22.75 7.02 -24.26 -1.97
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