Archean Chemical Industries IPO
Specialty Chemicals - Listed on 21 November 2022
Archean Chemical Industries IPO listing summary
Archean Chemical Industries (Specialty Chemicals) closed its IPO window in 2022 and listed on NSE and BSE on 21 November 2022 at an upper band issue price of Rs 407, opening at Rs 458.16 for a listing gain of +12.6% and closing day one at Rs 493 (+21.1% on closing basis). The IPO was subscribed 16.69x overall - QIB 55.47x, HNI/NII 9.99x, Retail 1.41x. The total issue size was Rs 12,500 Cr (Fresh Issue Rs 2500 Cr, OFS Rs 10000 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
Listing day performance
Subscription breakdown
Final (Day 3) subscription
Number of times each investor category subscribed by close of Day 3.
Day-wise overall subscription
How overall subscription built up across the three-day issue window.
Archean Chemical Industries IPO GMP history
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 60 | +14.74% |
| Day 2 | Rs 60 | +14.74% |
| Day 3 | Rs 60 | +14.74% |
| Day 4 | Rs 70 | +17.20% |
| Day 5 | Rs 75 | +18.43% |
GMP Prediction vs IPOGyani AI Prediction
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
Issue & financials
Market context at listing
How the broader market moved around the Archean Chemical Industries IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Archean Chemical Industries IPO - FAQs
What was the listing gain of Archean Chemical Industries IPO?
Archean Chemical Industries IPO listed at +12.6% versus the upper issue price of Rs 407 on 21 November 2022.
How many times was Archean Chemical Industries IPO subscribed?
Archean Chemical Industries IPO was subscribed 16.69x overall. QIB portion was subscribed 55.47x, HNI / NII 9.99x and Retail 1.41x.
What was the IPO GMP for Archean Chemical Industries?
IPO GMP started at Rs 60 on Day 1 and moved to Rs 75 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.