You can find information on Archean Chemical IPO GMP today, reviews, lot size, and share price, along with detailed analysis, on this page. Archean Chemical is a company that specializes in the manufacturing of marine chemicals.
Its main operations involve producing and supplying bromine, industrial salt, and sulfate of potash to customers worldwide.
Archean Chemical IPO
This fiscal year, Archean Chemical Industries Limited has done very well as India’s top exporter of bromine and industrial salt (2021). The company has some of the lowest production costs in the world for both bromine and industrial salt. It uses brine deposits in the Rann of Kutch, which is on the coast of Gujarat, to make its products.
Archean Chemical Industries Limited is India’s most successful manufacturer of specialized marine chemicals. It makes and sells bromine, industrial salt, and sulfate of potash to customers all over the world.
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Archean Chemical IPO GMP
Archean Chemical Industries sells its goods to a total of 24 customers in the United States and 18 customers in other countries. During the Fiscal Year 2021, the company exported 2.7 million MT of industrial salt. This made it India’s biggest exporter of industrial salt.
In India, Archean Chemical Industries Limited is the main company that sells bromine to markets outside of India. This company is the only one in India that makes sulfate potash. Most of the marine chemicals business this company does in India and other places in the world is with other businesses.
On the northern side of the Rann of Kutch, where the brine deposits are, there is an integrated display facility for bromine, industrial salt, and sulfate of potash operations. This plant is in the Gujarat city of Hajipir. For Archean Chemical IPO GMP Today, the Grey Market Premium also called the IPO GMP, is 70.
How Are the Reviews of Archean Chemical IPO?
With a distinctive market position and specialized chemical manufacturing and exporting, ACIL has increased its profit margins. Downstream, there have been ongoing developments that have led to expansions. Given the company’s FY23 results, the price of the current issue seems fair.
This blue-chip company could offer medium- to long-term returns to investors who anticipate continued demand for shares of speciality chemical companies.