Archean Chemical Industries Ltd. has announced public offering of 35928869 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 405.00 per share. The gross proceeds of the issue are expected to be Rs 1,46,230.50 lakhs.

The company's initial public offer (IPO) will open on 09 November 2022 and is expected to close on 11 November 2022, subject to customary closing conditions. The price band of the issue has been fixed at Rs 386.00-407.00 per share.

The IPO includes a fresh Issue of 35928869 Equity Shares of the Company at an price of Rs 407.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 36 shares with bids in multiples of 36.

Archean Chemical Industries Ltd. anticipates using the proceeds of the issue for .

ICICI SECURITIES LTD,JM Financial Ltd.,IIFL Securities Limited as lead manager(s) & Link Intime India Pvt. Ltd. is the registrar, to the issue.