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.
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.
Archean Chemical IPO subscription: The firm received bids for 19.63 lakh shares against an IPO size of 1.99 crore shares amounting to a subscription of 9 per cent at 1:24 pm today