Archean Chemical Industries Limited

Archean Chemical Industries Limited is a specialty marine chemicals manufacturer based in India, focused on the production and export of bromine, industrial salt and sulphate of potash. The company operates an integrated manufacturing complex at Hajipur, Gujarat, on the northern edge of the Rann of Kutch brine fields, and was India's largest exporter of bromine and industrial salt by volume in Fiscal 2021. It is also the only domestic manufacturer of sulphate of potash. The company is promoted by Chemikas Speciality LLP together with Ravi Pendurthi and Ranjit Pendurthi, and its registered office is located in Chennai, Tamil Nadu. It serves a global customer base spanning about 13 countries alongside a domestic customer network of roughly 29 clients, exporting bromine and its derivatives, industrial salt and sulphate of potash used across pharmaceuticals, agrochemicals, oil and gas, water treatment and other industrial applications. Archean Chemical Industries has delivered strong revenue and profit growth in the years leading up to its public listing, supported by rising global demand for bromine derivatives and industrial salt and by its position as one of the few integrated marine-chemicals producers of scale in India. Its access to a large brine reserve base and export orientation differentiate it from most domestic specialty chemical peers.

The company raised approximately Rs 658 crore from anchor investors ahead of the public issue, with participation from 42 investors including SBI Mutual Fund, Nippon Life India, ICICI Prudential, HDFC Mutual Fund, Goldman Sachs and DSP Small Cap Fund.