Home Finance News Arcaion Chemical substances IPO share allotment at present: Here is the way...

Arcaion Chemical substances IPO share allotment at present: Here is the way to verify your standing on-line – Enterprise Colors

Arcion Chemical IPO Share Allotment Date: Preliminary Public Providing (IPO) of Archean Chemical Industriesa specialty marine chemical producer, was subscribed to 32.23 occasions Over 1.99 crore shares provided through the subscription interval of November September 11, 2022. The worth band was fastened at Rs 386-407 per share.

Archean Chemical substances IPO Knowledge accessible with the Nationwide Inventory Alternate (NSE) exhibits that in opposition to the whole challenge measurement of 1.99 crore (1,99,57,325) shares, bids for 64.31 crore (64,31,78,772) shares had been acquired.

The shares to be allotted to Certified Institutional Consumers (QIBs) had been subscribed 48.91 occasionsWhereas non-institutional buyers had been subscribed 14.90 occasions and retail particular person buyers (RIIs) had been subscribed 9.96 occasionsinformation proven.

The Rs 1,462.3 crore IPO features a recent challenge of fairness shares as much as Rs 805 crore and an offer-for-sale (OFS) of as much as 1,61,50,000 shares by promoters and buyers, together with India Resurgence Fund. JV between Piramal Enterprises and Bain Capital.

The corporate plans to make the most of the proceeds from the brand new challenge for redemption of non-convertible debentures (NCDs) issued by it and for common company functions.

Buyers at the moment are ready for the share allotment date of Arcion Chemical substances IPO. As per the timeline supplied within the Purple Herring Prospectus (RHP), the corporate might finalize the allotment by Wednesday, November 16, 2022. In case you have utilized for the Arcaion Chemical substances IPO, right here is how one can verify your allotment standing when it’s introduced:

The allotment standing can be up to date on the web site of the Registrar of the IPO, which on this case is Linkintime India (click on right here: https://linkintime.co.in/MIPO/Ipoallotment.html). Candidates want to pick ARCHIAN CHEMICAL INDUSTRIES LIMITED – IPO within the drop-down menu and enter their PAN, Software Quantity or DP Consumer ID. And click on on search to see their allotment standing.

Aside from the web site of the Registrar, candidates may verify the standing of their allotment on the web site of BSE (click on right here: https://www.bseindia.com/buyers/appli_check.aspx). Right here, they should choose Fairness within the Situation Kind, then within the Situation Identify part choose Arcion Chemical Industries Restricted from the drop-down listing, enter their Software Quantity or PAN Quantity within the related field. Then they need to verify the field ‘I’m not a robotic’ after which click on on search to see their standing.

Shares of Archean Chemical Industries more likely to be listed Monday, November 21, 2022on each NSE and BSE.

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