| 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  2 each ("Equity Shares") of Archean Chemical Industries Limited (the "Company" or the "Issuer") for cash at a price of 407 per equity share (including a share premium of 405 per equity share) ("Offer Price") aggregating to 1462.31 crores (the "Offer") comprising a fresh issue of 19,778,869^ equity shares aggregating to 805.00 crores by the company (the "Fresh Issue") and an offer for sale of 16,150,000^ equity shares aggregating to
657.31 crores by the selling shareholders (the "Offer for Sale") comprising 2,000,000^ equity shares aggregating to 81.40 crores by Chemikas Speciality llp (the "Promoter Selling Shareholder"), 3,835,562^ equity shares aggregating to 156.11 crores by India Resurgence Fund, Scheme i, 6,478,876^ equity shares aggregating to 263.69 crores by India Resurgence Fund, Scheme ii and 3,835,562^ equity shares aggregating to
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 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 |
Money Payable On |
|
| Opens On |
Closes On |
Application |
Allotment |
|
| 09-Nov-22 |
11-Nov-22 |
Rs407.00-0.00 |
Rs0.00-0.00 |
| Minimum Application for shares in Nos :36 Further Multiples of :36 |
| |
RsCr |
Lead Managers to the Issue |
|
| Project Cost |
769.97 |
|
| Project Financed through Current Offer |
1462.31 |
|
| Post Issue Equity Share Capital |
24.61 |
|
| Issue Price |
Rs407.00 |
|
|