Archean Chemical Industries’ IPO set to open next week; GMP at ₹90/share


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Archean Chemical Industries plans to raise ₹805 crore through fresh issue of shares through the IPO along with an offer for sale of ₹657 crore by promoters and existing shareholders. The price band of the IPO is set at ₹386- 407 a share. The IPO proceeds will be utilised towards redemption of non-convertible debentures and general corporate purposes. Advertisement Advertisement Advertisement Particulars Revenue from operations Profit EBITDA margin FY22 ₹1,130 crore ₹188 crore 42.24% FY21 ₹740 crore ₹66 crore 37.29% FY20 ₹608 crore -₹36 crore 25.79% Advertisement Listed peers Profit after tax in FY22 % returns in 2022 Archean Chemicals...