The shares of speciality marine chemical manufacturer rose 17% intraday to Rs 476.05. Earlier, the stock listed at Rs 449 on BSE, 10.32 per cent higher to the IPO price
Archean Chemical IPO share allotment: The allotment status will be declared on the official website of the registrar and on the BSE website. Link Intime India Private Ltd was the registrar to the IPO
The initial public offer (IPO) of speciality marine chemical manufacturer Archean Chemical was subscribed 141 per cent on the second day of the issue today. The firm received bids for 2.81 crore shares against an IPO size of 1.99 crore shares in the late afternoon session today. The quota for retail investors was subscribed 2.93 times of the allotted portion, while the portion set aside for non-institutional investors was subscribed 2.07 times today.