IPO Synopsis

Archean Chemical Industries Ltd

Registered Office: No 2 North Crescent Road,T Nagar, Chennai - 600017, Tamil Nadu, India. Phone : 91-44-61099999   Fax: Email : arunmozhi@archeangroup.com Website :www.archeanchemicals.com

Initial public offer of 35,928,869^ equity shares of face value of Rs. 2 each ("Equity Shares") of Archean Chemical Industries Limited (the "Company" or the "Issuer") for cash at a price of Rs. 407 per equity share (including a share premium of Rs. 405 per equity share) ("Offer Price") aggregating to Rs. 1462.31 crores (the "Offer") comprising a fresh issue of 19,778,869^ equity shares aggregating to Rs. 805.00 crores by the company (the "Fresh Issue") and an offer for sale of 16,150,000^ equity shares aggregating to Rs. 657.31 crores by the selling shareholders (the "Offer for Sale") comprising 2,000,000^ equity shares aggregating to Rs. 81.40 crores by Chemikas Speciality llp (the "Promoter Selling Shareholder"), 3,835,562^ equity shares aggregating to Rs. 156.11 crores by India Resurgence Fund, Scheme i, 6,478,876^ equity shares aggregating to Rs. 263.69 crores by India Resurgence Fund, Scheme ii and 3,835,562^ equity shares aggregating to Rs. 156.11 crores by Piramal Natural Resources Private Limited (collectively, the "Investor Selling Shareholders", and together with the promoter selling shareholder, the "Selling Shareholders" and such equity shares offered by the selling shareholders, the "Offered Shares"). The offer constitutes 29.20% of the post-offer paid-up equity share capital of the company. ^Subject to finalisation of the basis of allotment. The face value of equity shares is Rs. 2 each. The offer price is 203.50 times the face value of the equity shares. Bids can be made for a minimum of 36 equity shares in multiples of 36 equity shares thereafter. Issue Opens On Closes On 09-Nov-22 11-Nov-22 Money Payable On Application Allotment 407.00 0.00 Minimum Application for shares in Nos : 36 Further Multiples of : 36 Cr Lead Managers to the Issue Project Cost (.Cr) 769.97 ICICI Securities Ltd Project Financed through Current Offer (.Cr) 1462.31   Post Issue Equity Share Capital (.Cr) 24.61 Issue Price () 407.00

Projects

Redemption or earlier redemption, in part or full of NCDs issued by the Company General corporate purposes

Promoted By

Chemikas Speciality LLP

Ravi pendurthi

Ranjit pendurthi

Listing At

BSE

NSE

Registrar to the Issue

No Data Available