Archean Chemical Industries Limited

How to check the  Archean Chemical Industries IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around four to six days after an IPO closes. This is also true in the case of the Archean Chemical Industries IPO. 

The Archean Chemical Industries IPO’s closing date is 11 November 2022. The Archean Chemical Industries IPO’s allotment date has been set seven days later, on 16 November 2022.

Here’s a step-by-step guide on how to check the Archean Chemical Industries IPO allotment status:

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover page, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, you will find the ‘View all’ option
5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
6. In the ‘IPO’ tab, click on ‘My applications’ 
7. In ‘My applications’, under the History section, your allotment status will be mentioned

About Archean Chemical Industries IPO

The rise in demand from end-users globally and depreciating rupee have led to an uptrend in chemical stocks over the last three months. Against this backdrop, Archean Chemical Industries, a leading specialty marine chemical manufacturer in India, is all set to hit the stock markets. 

The company is focused on producing and exporting bromine, industrial salt, and sulphate of potash. Bromine is used as a key initial level material in various sectors including pharmaceuticals, agrochemicals and water treatment. While industrial salt is an important raw material used in the chemical industry, sulphate of potash is used as a fertiliser and also has medical uses. 

Archean Chemical Industries is the largest exporter of bromine and industrial salt in India. Also, it is among the companies with the lowest cost of production globally, in both bromine and industrial salt segments. It has marketed its products to 18 customers across 13 countries and 24 domestic customers.

Now, this company is launching Archean Chemical Industries IPO. The Archean Chemical Industries IPO will be a combination of an offer for sale and fresh issue. The money raised through the fresh issue of the Archean Chemical Industries IPO will be used for reducing debt. 

Here are the key details about the Archean Chemical Industries IPO:   

Financial snapshot

Here’s a quick look at  Archean Chemical Industries IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

1. The return on capital employed (ROCE) has increased to 34% in FY22 from 11.2% in FY20
2. Established infrastructure and access to brine reserves at the Rann of Kutch 
3. Its manufacturing facility has close proximity to the Jakhau Jetty and Mundra Port, from where it exports its products
4. Has an installed capacity of 28,500 million tonnes (MT) per annum for bromine, 3,000,000 MT per annum for industrial salt, and 130,000 MT per annum for sulphate of potash
5. Enjoys relationships in excess of five years with seven out of its top ten customers
6. Operates in an industry with high entry barriers, such as high cost and intricacy of product development

Risks and threats

1. Conducts operations through a single manufacturing unit at Hajipir in Gujarat. Any slowdown or shutdown in the manufacturing operations could adversely impact the business 
2. In the past, excess rainfall impacted its bromine production. Between 10th and 22nd of August 2019, its bromine operations were shut down 
3. The total debt stood at ₹915 crore, as of June 2022. An inability to comply with repayment could adversely affect the business and credit rating
4. Its debt was restructured in March 2017 with overdue principal and interest aggregating to ₹17.7 crore
5. Around 67% of the revenue came from exports in Q1FY23. So, exchange rate fluctuations may adversely affect the business
6. Its largest customer and shareholder – Sojitz Corporation – contributed 19% of the revenue in the June quarter of FY23

 Archean Chemical Industries IPO details

| Archean Chemical Industries IPO date 

The offer document filed by the company with the SEBI mentions that the Archean Chemical Industries IPO’s opening date – in other words, the Archean Chemical Industries IPO launch date – will be on 9 November 2022. The Archean Chemical Industries IPO closing date is 11 November 2022. After this, investors will be updated about the allotment status on 16 November 2022. 

Investors, who have been allotted shares, can expect them to be credited in their demat account on 18 November 2022. The Archean Chemical Industries IPO listing date is 21 November 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.  

| Archean Chemical Industriess IPO Price Band

The entire IPO is a book-built issue. The Archean Chemical Industries IPO price band has been set between ₹386 and ₹407 per share. Interested investors can choose a price within this band to apply for the IPO. 

The Archean Chemical Industries IPO listing price will be determined on 21 November 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges. 

| Archean Chemical Industries IPO Lot size

The Archean Chemical Industries IPO details have been declared. The Archean Chemical Industries IPO lot size is set at 36 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can apply for up to 13 lots (468 shares). Meanwhile, the Archean Chemical Industries IPO issue size is ₹1,462 crore. 

How to pre-apply for the  Archean Chemical Industries IPO?

You can pre-apply for the Archean Chemical Industries IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. 

Follow these steps to pre-apply for the IPO: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘Archean Chemical Industries IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Pre-Apply’
7. Accept the mandate on your UPI app

How to apply for the  Archean Chemical Industries IPO?

If you are interested in this investment opportunity but unsure how to apply for the Archean Chemical Industries IPO, here we are listing out the steps for you. 

Here’s a step-by-step guide on how to apply for the Archean Chemical Industries IPO on Upstox: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘Archean Chemical Industries IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Apply’
7. Accept the mandate on your UPI app

Open a demat account with Upstox to apply for the  Archean Chemical Industries IPO

To apply for the Archean Chemical Industries IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.

Here is a step-by-step guide on how to open a demat account with Upstox:

1. Click here to visit the demat account opening page on the Upstox website. 
2. Enter your phone number and other essential details to begin opening a demat account.
3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
4. Complete the e-verification using the OTP sent to your registered mobile number. 

This is all it takes to open a demat account with Upstox. Easy and quick, right? 

Upstox – trading app to apply for the Archean Chemical Industries IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. 

You can apply for the Archean Chemical Industries IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. 

In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.