HomeStock MarketThe 1,462-crore IPO of Archean Chemical Industries was subscribed 32.3 times.

The 1,462-crore IPO of Archean Chemical Industries was subscribed 32.3 times.

Published on

spot_img
  • Archean Chemical Industries’ 1,462-crore initial public offering, which ended on Friday, received 32.3 times as much interest.
  • In contrast to the 1.99 crore shares that were up for bid, bids for 64.31 crore shares were received.
  • The portion for qualified institutional buyers received nearly 50 times as many subscriptions as the portions for non-institutional investors and retail investors, which received 15 and 10 subscriptions, respectively.

Latest articles

Indian banks set 10-year record with 123,000 hirings in FY23

Indian banks experienced a notable surge in hiring during FY23, reaching a decade-high in...

Ahead of IPO, Mamaearth sold excess stock of its products to distributors

Honasa Consumer, the parent company of Mamaearth, distributed excess stock through its offline supply...

CarDekho acquires Revv to enter car rental space

CarDekho, an autotech unicorn, acquired Revv, a self-drive car rental service. Revv's services will be...

Lenskart To Open Up To 400 Stores abroad

Lenskart, a Delhi NCR-based unicorn, presently operates approximately 70 stores in Singapore. The company aims...

More like this

Indian banks set 10-year record with 123,000 hirings in FY23

Indian banks experienced a notable surge in hiring during FY23, reaching a decade-high in...

Ahead of IPO, Mamaearth sold excess stock of its products to distributors

Honasa Consumer, the parent company of Mamaearth, distributed excess stock through its offline supply...

CarDekho acquires Revv to enter car rental space

CarDekho, an autotech unicorn, acquired Revv, a self-drive car rental service. Revv's services will be...