Archean Chemical IPO allotment out soon; Here's how to check

16 Nov 2022 , 09:24 AM

Archean Chemical IPO was subscribed 32.23 times by the closure of the subscription, on November 11, 2022. The company is expected to announce its IPO allotment on Wednesday, November 16. 

Archean Chemical is India’s largest exporter of bromine and industrial salt. The company is a leading speciality marine chemical manufacturer in India and focuses on producing and exporting bromine, industrial salt, and sulphate of potash to customers across the world.

Rs 1462 crore IPO of the company was sold at the price band of Rs 386-407 apiece. Investors who purchased the issue can check allotment on the website of the company’s registrar, i.e., Link Intime or BSE website.

The ones who could not get the allotment can see the refund on November 17 and those who would be allotted shares will get shares credited to their Demat account on November 18. The company will list on BSE and NSE on November 21.

For feedback and suggestions, write to us at [e-mail]