Company Profile
In the year 2021, Archean Chemical Industries Limited was India's top industrial salt and bromine exporter. The business, which is the leading producer of specialty marine chemicals in India, focuses on creating and exporting bromine, industrial salt, and sulphate of potash for use by clients all over the world.
From India, Archean Chemical Industries Limited is the main exporter of bromine. In India, the business is the sole producer of sulphate potash. Most of the company's marine chemicals business is done on a business-to-business basis both domestically and abroad.
At Hajipir, Gujarat, which is situated on the northern edge of the Rann of Kutch brine deposits, the company operates an integrated production plant for the bromine, industrial salt, and sulphate of potash operations.
Business Information
It markets the items to 24 domestic consumers as well as 18 worldwide customers in 13 different countries. Having exported 2.7 million MT of industrial salt in the year 2021, the firm was India's top industrial salt exporter.
It exported 34.88%, 44.88%, 46.10%, and 39.79% of its bromine production abroad in the three months that concluded on June 30, 2022, as well as in the fiscal years 2022, 2021, and 2020, respectively. The majority of this export was to China.
As of June 30, 2022, its manufacturing facility could produce 130,000 MT per year of sulphate of potash, 3,000,000 MT per year of industrial salt, and 28,500 MT per year of bromine. ACIL has 250 full-time employees and more than 400 contract workers as of June 30, 2022.
Facts about the Company
The company is in the leading position, growth, and expansion in the bromine and industrial salt markets.
Infrastructure that has been put in place and integrated production that is cost-effective.
It focuses on keeping safety and the environment first.
Being the largest exporter of bromine and industrial salt from India and a robust clientele around the world, the company is performing phenomenally.
It is showing strong and reliable financial results.
The promoter team, financial investors, and stakeholders with extensive management experience are the crucial part of this organization
Points to note before Investing in the IPO
In addition to being a top exporter of bromine, industrial salt, and sulphate of potash, ACIL also has the title of leading specialty marine chemical.
The issue appears to be reasonably priced based on FY23 earnings.
Investors may think about making an investment in this upcoming blue chip
Objective of the IPO
The company is looking forward to the following objectives to be fulfilled via its IPO-
Redemption or earlier redemption, in part or full, of NCDs issued by the Company.
General corporate purposes.
Archean Chemical Industries Limited IPO Details
Allotment, Listing & Refund Details
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