Here are 10 important things to know about Archean Chemical IPO:

The three-day IPO of Archean Chemical Industries, a speciality marine chemical manufacturer in India, opens on November 9 and closes on November 11.
The price band for the IPO of ₹386-407 per share. At the upper end of the price band, the IPO is expected to fetch ₹1,462.3 crore.
The issue comprises fresh issues worth ₹805 crore and OFS of up to 1.61 crore shares by the promoter and investors.
Promoter Chemikas Speciality will sell 20 lakh shares via OFS, while the remaining 1.41 crore shares will be offloaded by investors Piramal Natural Resources, and India Resurgence Fund Scheme I and Scheme II.
The lot size is 36 shares and in multiples thereof, which means retail investors can make a minimum investment of ₹14,652 per lot and a maximum of ₹1,90,476 per 13 lots.
Up to 75% of the IPO is reserved for qualified institutional investors, 15% for non-institutional investors, and the remaining 10% for retail investors.
The company is likely to finalise the IPO share allotment by November 16, and its shares are expected to be listed on the BSE and the NSE on November 21.
The company intends to use funds raised through its fresh issue for redemption, non-convertible debentures, and general corporate purposes.
For the June quarter, the company posted a profit after tax of ₹84.41 crore, while revenue stood at ₹408.82 crore.
IIFL Securities, ICICI Securities, and JM Financial are the book-running lead managers to the issue, whereas Link Intime India is the registrar to the issue.

Marine chemical manufacturer

Archean Chemical to launch ₹1,462 cr IPO on Nov 9; 10 things to know