IPO of Archean Chemical: Bidding for Archean Chemical Industries Limited’s initial public offering (IPO) ended on Friday and bidders are now eagerly awaiting the award date for Archean Chemical’s initial public offering, which is most likely on the 16th. November 2022. In three days, from November 9 to 11, 2022, the public stake is worth ₹1,462.31 crore was subscribed 32.23 times while its QIB portion was subscribed 48.91 times. The public issue received 9.96 times the subscription in the retail segment. Meanwhile, after the trend reversal in Friday’s session, the gray market turned very bullish on the scrip. According to market watchers, Archean Chemical Industries Limited shares are available at a premium of ₹80 on the gray market today.