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    Vikshita Vitthal Gujaran in News

    21-Nov-2022 10:15 AM


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    Archean Chemical IPO share listing date today. Experts predict 'strong' debut

    Archean Chemical IPO: Shares of Archean Chemical Industries Ltd are going to hit Dalal Street today as Archean Chemical IPO listing date has been fixed on 21st November 2022.
    According to experts, Archean Chemical share price may open today at Indian bourses with hefty premium.
    Archean Chemicals got a decent response from investors as the issue seemed to be reasonably priced.
    The issue is expected to list over a 20–25 per cent premium to its issue price."
    Pravesh Gour, Senior Technical Analyst, Swastika Investmart said, "Investors responded positively to the issue, particularly the institutional side, which was subscribed 48.91 times while the retail side was subscribed 9.96 times, and the current GMP is 90, or 22% above the issue price.
    However, the company deserves this premium multiple due to its phenomenal growth prospects.

    Source - Mint