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Speciality marine chemical manufacturer Archean Chemical Industries has raised Rs 658 crore from anchor investors ahead of its initial public offering, which will open on Wednesday.
The IPOs of Archean Chemical and Five Star Business will be open for public subscription on November 9 and close on November 11, while that of Kaynes Technology and Inox Green are set to kick off on November 10 and November 11 respectively, as per the red herring prospectus (RHP).
This came after four companies launched their initial share-sales last week. Of these, two IPOs -- maker of snacks and sweets Bikaji Foods International and Global Health Ltd which operates hospitals under the Medanta brand -- are currently underway. Get more Markets News and Business News on Zee Business.
The primary market continues to be a busy one with four firms, including Archean Chemical Industries and Five Star Business Finance, are set to float their IPOs next week.
New Delhi, Nov 3:Archean Chemical Industries, a speciality marine chemical manufacturer, on Thursday said it has fixed a price band of Rs 386-407 a share for its Rs 1,462-crore initial public offering (IPO). The initial share-sale will open for public subscription on November 9 and conclude on November 11. The bidding for anchor investors will open on November 7, according to the company. The IPO consists of a fresh issue of equity shares aggregating up to Rs 805 crore and […]
Business: Archean Chemical Industries is seeking approval from SEBI to acquire funds through an initial public offering (IPO) compsmag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from compsmag.com Daily Mail and Mail on Sunday newspapers.