Archean Chemical Industries Limited raises ₹ 658 crore from 42 anchor investors at the upper price band of ₹ 407 per equity share
- Archean Chemical Industries Limited allocates 1,61,67,991 equity shares at the upper price band of ₹ 407 per equity share
- Marquee investors include – SBI Mutual Funds (through their various funds), Nippon India Fund, ICICI Prudential Fund, HDFC Mutual Fund, Goldman Sachs Fund, Ashoka India Opportunities Fund, DSP Fund, IIFL Funds, Kotak Fund Motilal Fund, Tata Mutual Fund, Theleme India Fund, Baroda BNP Paribas Fund, Edelweiss Fund and Foreign funds -Abhu Dhabi Investment Authority, Government pension fund global, Societe Generale, BNP Paribas etc.
- Out of the total allocation of 1,61,67,991 Equity Shares to the Anchor Investors, 98,28,072 Equity Shares (i.e. 61% of the total allocation to Anchor Investors) were allocated to 10 domestic mutual funds through a total of 21 schemes
- Non-anchor offer is open from Wednesday, November 09th, 2022 to Friday, November 11th, 2022
Archean Chemical Industries Limited allotted 1,61,67,991 equity shares at the upper price band of ₹ 407 per equity share to 42 anchor investors and raised ₹ 658 crore ahead of the company’s proposed IPO.
The anchor allocation is as follows:
| S. No. | Name of Anchor Investor | No. of Equity Shares allocated | Bid price (INR) | Percentage of the Anchor Investor Portion (%) | Total Amount Allocated (₹) |
| 1 | SBI LARGE & MIDCAP FUND | 24,32,448 | 407.00 | 15.04% | 99,00,06,336 |
| 2 | SBI CONSERVATIVE HYBRID FUND | 6,14,268 | 407.00 | 3.80% | 25,00,07,076 |
| 3 | SBI MAGNUM COMMA FUND | 2,94,840 | 407.00 | 1.82% | 11,99,99,880 |
| 4 | SBI RESURGENT INDIA OPPORTUNITIES SCHEME | 2,21,112 | 407.00 | 1.37% | 8,99,92,584 |
| 5 | SBI EQUITY SAVINGS FUND | 2,21,112 | 407.00 | 1.37% | 8,99,92,584 |
| 6 | SBI MAGNUM CHILDRENS BENEFIT PLAN | 24,552 | 407.00 | 0.15% | 99,92,664 |
| 7 | SBI MAGNUM CHILDRED’S BENEFIT FUND – INVESTMENT PLAN | 2,45,700 | 407.00 | 1.52% | 9,99,99,900 |
| 8 | SBI OPTIMAL EQUITY FUND – LONG TERM | 1,22,868 | 407.00 | 0.76% | 5,00,07,276 |
| 9 | NIPPON LIFE INDIA TRUSTEE LTD – A/C NIPPON INDIA SMALL CAP FUND | 11,05,632 | 407.00 | 6.84% | 44,99,92,224 |
| 10 | ICICI PRUDENTIAL SMALLCAP FUND | 11,05,632 | 407.00 | 6.84% | 44,99,92,224 |
| 11 | HDFC MUTUAL FUND-HDFC MULTI CAP FUND | 11,05,632 | 407.00 | 6.84% | 44,99,92,224 |
| 12 | GOLDMAN SACHS FUNDS – GOLDMAN SACHS INDIA EQUITY PORTFOLIO | 11,05,632 | 407.00 | 6.84% | 44,99,92,224 |
| 13 | ASHOKA INDIA OPPORTUNITIES FUND | 7,37,100 | 407.00 | 4.56% | 29,99,99,700 |
| 14 | DSP SMALL CAP FUND | 7,37,100 | 407.00 | 4.56% | 29,99,99,700 |
| 15 | ABU DHABI INVESTMENT AUTHORITY – STABLE | 6,14,268 | 407.00 | 3.80% | 25,00,07,076 |
| 16 | PUBLIC SECTOR PENSION INVESTMENT BOARD – IIFL ASSET MANAGEMENT LIMITED | 3,68,604 | 407.00 | 2.28% | 15,00,21,828 |
| 17 | KOTAK TAX SAVER SCHEME | 2,45,700 | 407.00 | 1.52% | 9,99,99,900 |
| 18 | KOTAK BALANCED ADVANTAGE FUND | 2,45,700 | 407.00 | 1.52% | 9,99,99,900 |
| 19 | KOTAK SMALL CAP FUND | 2,45,700 | 407.00 | 1.52% | 9,99,99,900 |
| 20 | KOTAK FUNDS – INDIA MIDCAP FUND | 3,68,568 | 407.00 | 2.28% | 15,00,07,176 |
| 21 | GOVERNMENT PENSION FUND GLOBAL | 3,68,568 | 407.00 | 2.28% | 15,00,07,176 |
| 22 | IIFL HIGH GROWTH COMPANIES FUND | 2,21,130 | 407.00 | 1.37% | 8,99,99,910 |
| 23 | HIGH CONVICTION FUND – SERIES 1 | 2,21,130 | 407.00 | 1.37% | 8,99,99,910 |
| 24 | ABAKKUS EMERGING OPPORTUNITIES FUND I | 2,45,736 | 407.00 | 1.52% | 10,00,14,552 |
| 25 | ADITYA BIRLA SUNLIFE INSURANCE COMPANY LIMITED | 2,45,736 | 407.00 | 1.52% | 10,00,14,552 |
| 26 | KOTAK MAHINDRA LIFE INSURANCE COMPANY LTD | 2,45,736 | 407.00 | 1.52% | 10,00,14,552 |
| 27 | MOTILAL OSWAL LARGE AND MIDCAP FUND | 2,45,736 | 407.00 | 1.52% | 10,00,14,552 |
| 28 | TATA MUTUAL FUND -TATA EQUITY P/E FUND | 2,45,736 | 407.00 | 1.52% | 10,00,14,552 |
| 29 | THELEME INDIA MASTER FUND LIMITED | 2,45,736 | 407.00 | 1.52% | 10,00,14,552 |
| 30 | BNP PARIBAS FUNDS INDIA EQUITY | 2,45,736 | 407.00 | 1.52% | 10,00,14,552 |
| 31 | BARODA BNP PARIBAS MULTI CAP FUND | 1,22,868 | 407.00 | 0.76% | 5,00,07,276 |
| 32 | BARODA BNP PARIBAS LARGE CAP FUND | 1,22,868 | 407.00 | 0.76% | 5,00,07,276 |
| 33 | SEGANTII INDIA MAURITIUS | 1,22,868 | 407.00 | 0.76% | 5,00,07,276 |
| 34 | ELARA INDIA OPPORTUNITIES FUND | 1,22,868 | 407.00 | 0.76% | 5,00,07,276 |
| 35 | EDELWEISS TRUSTEE CO LTD AC – EDELWEISS MF AC – EDELWEISS RECENTLY LISTED IPO FUND | 1,22,868 | 407.00 | 0.76% | 5,00,07,276 |
| 36 | EDELWEISS TRUSTEE CO LTD AC – EDELWEISS MF AC EDELWEISS EQUITY SAVINGS FUND | 61,416 | 407.00 | 0.38% | 2,49,96,312 |
| 37 | EDELWEISS TRUSTEE CO LTD AC – EDELWEISS MF AC EDELWEISS AGGRESSIVE HYBRID FUND | 61,452 | 407.00 | 0.38% | 2,50,10,964 |
| 38 | BNP PARIBAS ARBITRAGE – ODI | 1,22,968 | 407.00 | 0.76% | 5,00,47,976 |
| 39 | SAINT CAPITAL FUND | 1,22,968 | 407.00 | 0.76% | 5,00,47,976 |
| 40 | ANANTA CAPITAL VENTURES FUND 1 | 1,22,996 | 407.00 | 0.76% | 5,00,59,372 |
| 41 | WINRO COMMERCIAL (INDIA) LIMITED | 1,22,967 | 407.00 | 0.76% | 5,00,47,569 |
| 42 | SOCIETE GENERALE – ODI | 2,45,736 | 407.00 | 1.52% | 10,00,14,552 |
| Total | 1,61,67,991 | 100% | 6,58,03,72,337 |
The IPO of such number of equity shares of face value of ₹ 2 each, comprising of a fresh issue aggregating up to ₹ 805 crore (the ‘Fresh Issue’) and an offer for sale aggregating up to 16,150,000 number of equity shares comprising of up to 2,000,000 equity shares by Chemikas Speciality LLP (The “Promoter Selling Shareholders”), up to 3,835,562 equity shares by India Resurgence Fund Scheme I, up to 6,478,876 equity shares by India Resurgence Fund Scheme II and up to 3,83,562 equity shares by Piramal Natural Resources Private Limited (The “Investor Selling Shareholders”).
Company proposes to utilise the net proceeds from fresh issue estimated to ₹ 640 crore towards Redemption or earlier redemption, in part or full, of NCDs issued by the company and balance amount towards general corporate purposes. (The “Proceeds of Fresh issue”)
The Price Band of the Offer has been fixed at ₹ 386 to ₹ 407 per equity share of face value of ₹ 2 each. Bids can be made for a minimum of 36 Equity Shares and in multiples of 36 Equity Shares thereafter.
IIFL Securities Limited, ICICI Securities Limited and JM Financial Limited are the Book Running Lead Manager to the issue.