Archean Chemical Industries IPO: How to check the allotment status

 Archean Chemical IPO Allotment status
Archean Chemical IPO Allotment status

IPO
by 5paisa Research Team Last Updated: 2022-11-14T17:25:54+05:30

Archean Chemical Industries IPO worth Rs.1,462.31 crore, consisted of a fresh issue of Rs805 crore and an offer for sale (OFS) of Rs657.31 crore. The fresh issue component in the IPO infuses fresh funds into the company but it is also dilutive of the equity base and the EPS of the company. The OFS is just a transfer of ownership and does not dilute capital. The issue was overall subscribed 32.23 times, with the maximum subscription coming from the QIB segment, which got subscribed over 48.91 times. While the HNI / NII segment got subscribed about 14.90 times, the retail portion got subscribed 9.96 times. Most of the QIB subscriptions came in on the last day of the IPO, which is the norm. The price band for the IPO was Rs386 to Rs407, and looking at the response, it looks fairly likely that the price discovery would eventually happen at the upper end of the price band.

 

The basis of allotment will be finalized late on Wednesday, 16th November 2022. The demat credits are expected to happen on 18th November 2022 while the listing of the stock on the NSE and the BSE will happen on 21st November 2022. If you have applied for the IPO, you can check your allotment status online.

 

You can either check your allotment status on the BSE website or the IPO registrar, Link Intime India Private Limited. Here are the steps.

 

Checking the allotment status of Archean Chemical Industries Ltd on BSE website

 

Visit the BSE link for the IPO allotment by clicking on the link below

 

https://www.bseindia.com/investors/appli_check.aspx

 

Once you reach the page, here are the steps to follow.

  • Under Issue Type – Select Equity Option

  • Under Issue Name – Select Archean Chemical Industries Ltd from the drop down box

  • Enter the Application Number exactly as in the acknowledgement slip

  • Enter the PAN (10-digit alphanumeric) number

  • Once this is done, you need to click on the Captcha to verify that you are not a robot

  • Finally click on the Search Button

In the past, while checking the allotment status on the BSE website, it was necessary to input the PAN number and the application Number. However, now BSE has modified the requirements and it is sufficient if you enter any one of these parameters.

 

The allotment status will be displayed on the screen in front of you informing about the number of shares of Archean Chemical Industries Ltd allotted into your demat account. It is suggested that you save a copy of the screenshot for your future reference.

 

Checking the allotment status of Archean Chemical Industries Ltd on Link Intime India Private Limited (Registrar to the IPO)

 

Visit the Link Intime registrar website for IPO status by clicking on the link below:

 

https://linkintime.co.in/MIPO/Ipoallotment.html

 

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Archean Chemical Industries Ltd from the drop down box. In the case of Archean Chemical Industries Ltd, data access will be allowed late on 16th of November or by middle of 17th of November.

  • There are 3 options available to you. You can either access the allotment status based on PAN, Application Number or DPID-Client ID combination. You can select any one options that is preferred and provide the details accordingly.
     

  • If you opt for the PAN Number access, then enter the 10 character income tax permanent account number (PAN). This is an alphanumeric code available either on your PAN card or on top of your income tax return.
     

  • The second option is to use the Application Number that you used while making an application for the IPO. The application number is available on the acknowledgement provided to you and you can use that as one of the options to access allotment status.
     

  • The third option is to use the DPID-Client ID combination. Remember that here you have to enter the DP id and the demat client id together as one single string. This DPID / Client ID combination is a numeric figure for CDSL demat accounts while it is an alphanumeric string for NSDL demat accounts. This number would be available in your demat statement or you can also get it online from your online trading account or trading app downloaded on the mobile smart phone.
     

  • Finally, click on the Search button

The IPO status with number of shares of Archean Chemical Industries Ltd allotted will be displayed on the screen in front of you. You can take a screenshot of the output page for your records.

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