14. Liger| Link| Bookmark|
November 3, 2022 4:37:18 PM
Top Contributor (300+ Posts, 500+ Likes)
In January 2021, Tata Chemicals Ltd. was in advanced talks to acquire the industrial salt unit of Archean Group that could value the business at ₹450 crore ($61 million) at a minimum.
IPO Open : 9-Nov-2022 IPO Close : 11-Nov-2022 Basis of Allotment : 16-Nov-2022 Initiation of Refunds: 17-Nov-2022 Credit of Shares : 18-Nov-2022 IPO Listing Date : 21-Nov-2022
@pharo It seems that you are from Kutch, Gujarat. No doubt the Company have an integrated production facility located at Hajipir, Kutch, Gujarat. Actually the promoters and their address is from Chennai. No doubt both from India. There is no mention of countries where they export, no doubt it makes not that much effect. It's good that you know about this company very well. But you know, what about? I was also posted at Bhuj for 27 months. I am going to avoid this issue. Not looking good to me. Suno Sabki Karo Man Ki.
5. Suraj....| Link| Bookmark|
November 1, 2022 8:27:11 PM
Top Contributor (400+ Posts, 100+ Likes)
FY21 Financials
Particulars (in Rs. Crores) FY21 FY20 FY19 Revenue 740.8 608.2 565.5 EBITDA. 276.3 156.8 194.3 PAT 66.6 -36.2 40.0
Total Assets 1432.4 1428.6 1260.5 Share Capital 19.3 19.3 19.3 Total Borrowings 978.8 929.3 772.0
4. Finexpert| Link| Bookmark|
November 1, 2022 9:19:36 AM
Top Contributor (400+ Posts, 200+ Likes)
Open on 9 nov to 11 nov Price band 407rs Latest GMP 60 rs
3. Liger| Link| Bookmark|
October 31, 2022 3:37:12 PM
Top Contributor (300+ Posts, 500+ Likes)
Debt on the Company
In the past (2018), due to Archean Group’s weak financial profile approached private equity (India Resurgent Fund (IRF), a joint venture between Bain Capital Credit and Piramal Enterprises) to meet their capital needs.
IRF invested about Rs 800 crore in the company. It will charge an annual interest of 16% on the debt, and will also receive a share of the Ebitda on attaining certain milestones by the company.