Archean Chemical Industries Ltd - IPO

Archean Chemical Industries Ltd IPO Details

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.

Objective of issue

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

Archean Chemical Industries Ltd Contact Details

Archean Chemical Industries Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - arunmozhi@archeangroup.com

Website - www.archeanchemicals.com