Archean Chemical Industries, a developer of specialty marine chemicals, has chosen November 9 as the date for the opening of its initial public offering. The offer will end on November 11 at midnight.
On November 7, the offering will be accessible to anchor investors for a full day.
On November 3, the company will provide information regarding the pricing range for its first public offering.
The first public offering consists of a fresh issuance of shares worth Rs805 crore and an offer by the promoters and investors to sell 1.61 crore equity shares.
The offer for sale (OFS) will be used by the promoter Chemikas Speciality LLP to sell 20 lakh shares, while the investors Piramal Natural Resources, India Resurgence Fund, Scheme I, and India Resurgence Fund, Scheme II, will each sell 38.35 lakh shares and 64.78 lakh shares, respectively.
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