Archean Chemical IPO Share Allotment Date: The preliminary public providing (IPO) of Archean Chemical Industries, a specialty marine chemical producer, was subscribed 32.23 instances over the 1.99 crore shares that have been on provide in the course of the subscription interval from November Sept. 11, 2022. The value band was mounted at Rs 386-407 per share.
Archean Chemical IPO obtained bids of over 64.31 crore (64,31,78,772) shares towards the entire situation measurement of over 1.99 crore (1,99,57,325) shares, knowledge accessible with the National Stock Exchange (NSE) confirmed.
The shares that are to be allotted for the certified institutional consumers (QIBs) was subscribed 48.91 instances, whereas these of non institutional buyers was subscribed 14.90 instances and that of retail particular person buyers (RIIs) was subscribed 9.96 instances, the info confirmed.
The Rs 1,462.3 crore IPO contains a contemporary situation of fairness shares aggregating as much as Rs 805 crore and an offer-for-sale (OFS) of as much as 1,61,50,000 shares by the promoter and buyers, together with the India Resurgence Fund, a three way partnership between the Piramal Enterprises and Bain Capital.
The firm plans to utilise the proceeds from the contemporary situation for redemption of non-convertible debentures (NCDs) issued by it and for common company functions.
Investors at the moment are trying ahead to the share allotment date of Archean Chemical IPO. The firm is prone to finalise the allotment by Wednesday, November 16, 2022, as per the timeline supplied within the crimson herring prospectus (RHP). In case you’ve utilized for Archean Chemical IPO, then right here is how one can examine the standing of your allotment when it will get declared:
The allotment standing will get up to date on the web site of the registrar of the IPO, which on this case is Link Intime India (Click right here: https://linkintime.co.in/MIPO/Ipoallotment.html). Applicants might want to choose Archean Chemical Industries Limited – IPO within the drop-down menu and enter both their PAN, utility quantity or DP Client ID. and click on on search to view their allotment standing.
Apart from the registrar’s web site, candidates may examine the standing of their allotment on the web site of the BSE (Click right here: https://www.bseindia.com/investors/appli_check.aspx). Here, they might want to choose Equity in Issue Type, then choose ARCHEAN CHEMICAL INDUSTRIES LIMITED from the drop-down record within the Issue Name part, enter their Application Number or PAN Number within the respective field. Then they must examine on the ‘I am not a robot’ field after which click on on search to view their standing.
The itemizing of shares of Archean Chemical Industries is prone to happen on Monday, November 21, 2022, on each the NSE and BSE.
