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Archean Chemical Industries Limited IPO Message Board (Page 33)

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14. Liger |   Link |  Bookmark | November 3, 2022 4:37:18 PM
Top Contributor 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.
13. Krishna Bajaj |   Link |  Bookmark | November 2, 2022 8:10:05 PM
What about balance sheet of 2021 n 2022
13.1. Amit Surana |   Link |  Bookmark | November 3, 2022 1:29:11 PM (400+ Posts)
i think they have updated in RHP now...
13.2. Vikash Vijayvargiya |   Link |  Bookmark | November 3, 2022 2:52:51 PM
Revenue is increasing trend but High Leverage company with NCD @ 17% and Credit rating BB-
12. sang |   Link |  Bookmark | November 3, 2022 1:10:00 AM
GMP - 100 buyers!!

🔥🔥🔥
12.1. Param Patel |   Link |  Bookmark | November 3, 2022 10:01:13 AM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
May be archean chemical is the reason for GMP crash in other IPOs
11. svh |   Link |  Bookmark | November 2, 2022 9:40:09 PM
IPO Guru IPO Guru (2600+ Posts, 3700+ Likes)
Final Date 9/11

Fresh Issue : 805 Cr.
OFS : 16150000 Equity Shares

Clash with 5 Star

RHP Link here 👉👇

https://www.icicisecurities.com/Upload/ArticleAttachments/Archean%20Chemical%20Industries%20Limited%20-%20Red%20Herring%20Prospectus.pdf
🙏👍
11.1. svh |   Link |  Bookmark | November 3, 2022 9:58:52 AM
IPO Guru IPO Guru (2600+ Posts, 3700+ Likes)
Final Price Band : 386 - 407
Lot size : 36
1 Retail Application : 14652 / -
🙏👍
10. Suraj.... |   Link |  Bookmark | November 2, 2022 9:50:53 PM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Tentative price band ?
10.1. Finexpert |   Link |  Bookmark | November 2, 2022 11:07:40 PM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
407 rs
GMP 60 rs
9. sonal patel |   Link |  Bookmark | November 2, 2022 9:01:11 PM
IPO Guru IPO Guru (1600+ Posts, 5800+ Likes)
Issue information final
Archean Chemical Industries Limited file RHP with SEBI on 31-Oct-2022

Issue Date : 9-Nov to 11-Nov, 2022
Fresh : ₹805 Cr
OFS : 16,150,000 Shares
Retail : 10%
FV : ₹2

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
8. Krishna Bajaj |   Link |  Bookmark | November 2, 2022 8:08:18 PM
What about balance sheet of 2021 n 2022
7. NARESH ZALA |   Link |  Bookmark | November 2, 2022 7:12:17 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Respected members, ye IPO bharna kesa rahega!?
6. phrao |   Link |  Bookmark | October 30, 2022 8:10:19 PM
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Number one salt and chemicals producer in india
6.5. PKRAJ |   Link |  Bookmark | November 1, 2022 10:43:32 PM
Sorry @ phrao
and pharo
6.6. PKRAJ |   Link |  Bookmark | November 1, 2022 10:44:10 PM
Sorry @ phrao
and not pharo.
5. Suraj.... |   Link |  Bookmark | November 1, 2022 8:27:11 PM
Top Contributor 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 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 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.
2. Amit Surana |   Link |  Bookmark | October 31, 2022 12:16:37 PM (400+ Posts)
ROC filing shows they have filed march 2022 Balance Sheet...

strange to see no Consolidated Figures for 2021 and 2022 in Draft ...

1. Dalal |   Link |  Bookmark | October 30, 2022 2:37:29 PM (200+ Posts, 100+ Likes)
Tentative dates?
15.1. Prasen Ipo |   Link |  Bookmark | October 30, 2022 2:54:58 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
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