Archean Chemical Industries Ltd IPO

  • Min. Investment13896/ 36 Shares
  • Min. Quantity36
  • Price Range₹386 - ₹407
  • Date Range09 Nov 22 - 11 Nov 22
  Retail Investor can invest upto Rs 2,00,000 in IPO
Dates
  • Application Start Date09 Nov 2022
  • Application End Date11 Nov 2022
  • Allotment begins
  • Refund Initiation Date17 Nov 2022
  • Allotment Date16 Nov 2022
  • Listing On Exchange21 Nov 2022
Registrar Information
  • NameLink Intime India Pvt Ltd
  • Contact no.91-22-4918 6200
  • Email IDarchean.ipo@linkintime.co.in
Company Information

Incorporated in 1983, Kolkata-based Tarsons Products manufactures laboratory products that are used in various research organisations, pharmaceutical companies, academia institutes, hospitals and diagnostic centres.

The company plans to go public and here’s all you need to know about this IPO.

Financial information

Here’s the consolidated financial information for the last three years:

Particulars FY20 FY21 FY22
(Rs Crore)
Revenue 608.17 740.76 1130.44
Net Profit -35.65 66.59 188.61
Total Assets 1529.06 1539.77 1637.11
Strengths
  • Leading market position, expansion and growth in bromine and industrial salt;
  • High entry barriers in the specialty marine chemicals industry;
  • Established infrastructure and integrated production with cost efficiencies;
  • Focus on environment and safety;
  • Largest Indian exporter of bromine and industrial salt with global customer base;
Risks
  • Its business is dependent and will continue to depend on its manufacturing facility, and its are subject to certain risks in its manufacturing processes. Any slowdown or shutdown in its manufacturing operations or strikes, work stoppages or increased wage demands by its employees that could interfere with its operations could have an adverse effect on its business, financial condition and results of operations.
  • The company is derive a significant part of its revenue from major customers. If one or more of such customers choose not to source their requirements from its or to terminate their contracts with its, the company's business, financial condition and results of operations may be adversely affected.
  • The company is subject to certain risks consequent to its operations involving the manufacture, usage and storage of various hazardous substances.
  • Non-compliance with and changes in, safety, health, environmental and labour laws and other applicable regulations, may adversely affect its business, financial condition and results of operations.
  • Its debt was restructured as at March 18, 2017 with overdue principal and interest aggregating to Rs. 17.74 crores with certain banks as at March 18, 2017.
Opportunities
  • Expand into downstream bromine derivative performance products
  • Expand its bromine and industrial salt capacities
  • Continue to build its global customer base and enter new geographical markets
  • Continue to focus on quality, environment, health and safety
  • Expand into downstream bromine derivative performance products
What is Pre Apply?

Pre Apply will allow you to apply for an IPO 1-3 days before the bidding period starts. You'll get the UPI payment mandate once the IPO is open.

Learn more about Pre applying
How to Apply?

Select the IPO you want to apply for from the list of open issues. Enter your correct UPI ID and select the investor type. The quantity should be a multiple of the lot size. If you wish to apply at the cut-off price, simply click on the checkbox next to ’Cut-off price’. You will receive an SMS from the NPCI confirming your bid and requesting you to accept the mandate on your UPI app. We have noticed a significant delay in UPI payment SMS/notifications from NPCI. Request you to be patient. Please ignore this message if you’ve accepted the mandate

How to check your IPO allocation status

Tarsons Products allotment status will be available on or around 23 November 2021. The allotted shares will be credited to the demat account by 25 November 2021. We will provide you with the link to check the allocation’s status as soon as the registrar makes it live. This may happen after the IPO is closed (after 17 November 2021).