Should You Invest in Archean Chemical's IPO?

archean chemical is coming up with an ipo. find out if its worth your money..

The issue will be open for subscription from Nov 9-11. It will have a price band of Rs. 386 - Rs. 407 per share.

[{"selector":"#anim-46eb90d7-3f9c-484f-b2ff-ece7dd84a21a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

IPO Allotment will be on 16 Nov. Refund/unblocking of funds will be on 17 Nov. Shares will be credited on 18 Nov.

[{"selector":"#anim-5c1d720f-c488-4b26-b0ef-dc0bc5193707","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

This IPO consists of a fresh issue of Rs. 805 cr worth of shares. The offer for sale is of Rs. 657 cr.

[{"selector":"#anim-dc40c0a8-5d3b-4099-895e-03f5d7dfae20","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

The company's stocks will be listed on exchanges on November 21.

[{"selector":"#anim-4ed07a9c-0573-4ed6-9b61-919cacded1f1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}]

Archean Chemical is a speciality chemicals manufacturer and exporter.

[{"selector":"#anim-faa00078-5b1d-40ad-b98b-f2b7dc3b3d1c","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-af3b0bd1-ef00-4efd-a881-4262ba82e23e","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The company has brine reserves in Rann of Kutch, Gujarat. It is the largest Indian exporter of Bromine.

[{"selector":"#anim-bf52797c-7094-4b98-893a-1cd4daebe506","keyframes":{"opacity":[0,1]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-5aeca360-a678-48a6-a1dd-029f5b67556f","keyframes":{"transform":["scale(0.3333333333333333)","scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]