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Category :
IPO
Headline :
Archean Chemical Industries Ltd. debuts with 10.31% premium at Rs 449.00
Date:
21/11/2022 09:50
Archean Chemical Industries Ltd. makes a strong debut on the bourses with scrip got listed at Rs 449.00 on the Bombay Stock Exchange, a 10.31 per cent premium to its issue price of Rs 407.00. On the National Stock Exchange, the stock was listed at Rs 450.00.
The company, which raised 3.59 Cr from initial public offering, was subscribed 18.39 times, receiving bids for 6,607.32 lakhs shares against the total issue size of 359.29 lakhs shares.
The company, listed under B Group Securities post its IPO, opened for subscription from Nov 09 to Nov 11.
Following a strong opening, the scrip touched an intraday high of Rs [BSEHighPrice] and a low of Rs [NSEHighPrice], before closing the session [UpDown] by [ChangePer] per cent to its listing price at Rs [ClosingPriceBSE] on the BSE.
The company anticipates using the proceeds of the issue for .
ICICI SECURITIES LTD,JM Financial Ltd.,IIFL Securities Limited as lead managers & Link Intime India Pvt. Ltd. is the registrar, to the issue.
Meanwhile, the broader benchmark BSE Sensex closed trade at 61,663.48, down 87.12 points, or 0.14 per cent.
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