Archean Chemical Industries IPO: Here’s how you can check the allotment status

• The specialty chemical company Archean Chemical Industries is likely to announce its share allotment status today.
  
• Overall, the IPO saw strong demand from investors amidst volatile market conditions, being subscribed 32.54 times.
  
• The shares will be listed on November 21 on the exchanges.

The specialty chemical company Archean Chemical Industries is likely to announce the allotment status of its initial public offering (IPO) on Wednesday, November 16.

Overall, the IPO received strong demand from investors amidst volatile market conditions, being subscribed 32.54 times.

The qualified institutional buyer portion was hugely subscribed 48.58 times. The portion reserved for non-institutional investors witnessed a subscription of 15.35 times. Retail portion also saw good demand 10.25 times subscription.

The grey market premium (GMP) for the company’s shares stood at ₹100 per share.

The company is a speciality marine chemical manufacturer in India, focused on production and export of bromine, industrial salt, and sulphate of potash globally.

Archean Chemical Industries’ IPO is a combination of a fresh issue of ₹805 crore and an offer for sale of ₹657 crore by promoters and existing shareholders.

Here is how to check Archean Chemical Industries’ IPO allotment status on the stock exchange websites:

• Go to the BSE website or NSE website here.
• On BSE, Select 'Equity' and then from the dropdown, select ‘Archean Chemical Industries’.
• Now, enter your application number and PAN.
• Click on 'Search'.
• Please note the details will only be available once the shares are allotted.

You can also visit the registrar website (Link Intime India) to check your application status.

• Visit the registrar's website here.
• Click on 'Select company' and click on ‘Archean Chemical Industries’.
• Once the company is selected, you will have to enter either your PAN details, the application number, or the client ID.
• Enter the captcha code and click ’submit’.

Once you hit 'submit', the status of your application will appear on the screen. Please ensure the details that you provide are correct. It will show the number of shares you subscribed to and the number of shares allotted to you.

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