Archean Chemical IPO

Archean Chemical IPO

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Know About Archean Chemical IPO

Archean Chemical IPO will be an offer for sale (OFS), wherein, the existing shareholders will offload up to 12,19,924 equity shares.

Equity shares will be sold through the book-building route.

A price band of Rs. 106-111 per share has been set for the share sale.

The equity shares will have a face value of Rs. 10 each.

At the lower price band of Rs. 106, the issue size works out to Rs. 12.93 crore.

The IPO will constitute of 10.99% of the post-offer paid up equity share capital of the company.

The IPO is lead managed by Arihant Capital Markets Limited, and KFin Technologies Private Limited is the registrar to the issue.

Archean Chemical Industries is engaged in the manufacturing and marketing of specialty chemicals.

Archean Chemical IPO: Company Financials

Particulars For the year/period ended (in Rs. Cr) 31-Mar-20 31-Mar-19 31-Mar-18 Total Assets 1,625.51 1,207.62 1,063.83 Total Revenue 292.59 266.93 264.54 Total Expense 213.75

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