Archean chemical ipo what gmp signals subscription ends today know detail – Business News India
read on appArchean Chemicals IPO: Today is the last day to bet on the IPO of specialty marine chemical company Archean Chemical Industries. This IPO has got good response so far.
Now it is important to know at what level the listing of IPO can take place. Let us understand in terms of gray market premium i.e. GMP. What is GMP: Archion Chemical's GMP is
₹66, which is ₹4 higher than Thursday's gray market premium of ₹62 per equity share. The issue price for Archean Chemicals IPO has been fixed at Rs 386-407 per share.
According to the GMP, the listing of the share can be done at Rs 473 (₹ 407 + ₹ 66). Talking about the issue's lower price band ₹ 386, it is about 11.50 percent higher. Let
us inform that on Tuesday, this issue was first opened for anchor investors from where ₹ 658 crore has been raised. Read this-IPO coming of Tata group company, this is the plan
to give documents
What Experts Say: Archean Chemicals IPO has been given a 'subscribe' tag by the brokerage Geojit. Abhay Doshi, Founder, UnlistedArena.com, said that
Archean Chemicals is a specialty marine chemical producer.