Archean Chemical shares list at 10% premium; Five Star Business Finance makes muted stock market debut - Check Stop Loss
Archean Chemical shares list at 10% premium; Five Star Business Finance makes muted stock market debut - Check Stop Loss
Archean Chemical, Five Star Business Finance IPOs Listing: Shares of Archean Chemical and Five Star Business Finance made their stock market debut today. While Archean Chemical, made a positive debut at a premium of 10 per cent, Five Star Business Finance is listed at a discount. Zee Business Managing Editor Anil Singhvi advised investors to keep a stop loss of Rs 450 for Five Star Business Finance.
Ahead of IPO, Archean Chemical has raised Rs 1,462 crore at the upper end of the price band of Rs 386-407 per share, Five Star mobilised around Rs 1,590 crore at Rs 474 per share. Archean is focused on producing and exporting bromine, industrial salt, and sulphate of potash. IIFL Securities, ICICI Securities and JM Financial are the book-running lead managers to the IPO.
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Five Star Business Listing Price
NSE Rs 468.80 (Issue Price 474)
BSE Rs 449.95 (Issue Price 474)Archean Chemical Listing Price NSE, BSE
NSE Rs 450 (Issue Price 407)
BSE Rs 449 (Issue Price 407)Archean Chemical, Five Star Business Finance IPOs Listing Date and Time
Five Star Business Finance recorded profit at Rs 453.5 crore for year ended March 2022, rising from Rs 359 crore in previous year and Rs 262 crore in FY20.
Archean Chemical, Five Star Business Finance IPOs Listing Date and Time
Archean Chemical has consistent top-line & bottom-line growth with cost efficiencies, industry leading position, expansion plans in product lines and capacities.
Archean Chemical, Five Star Business Finance IPOs Listing Date and Time
Five Star Business Finance Limited has the fastest gross term loan growth and a consistent track record of financial growth with increasing revenue and profit.
Five Star Share Stop Loss
Short-term investors must keep a stop-loss of Rs 450.
Five Star listing price NSE, BSE - Expectation
Anil Singhvi said that Five Star Business Finances shares could list at a discount. It means that the listing price could be below the IPO issue price of Rs 474 apiece.
Archean Chemical listing price NSE, BSE - Expectation
Anil Singhvi predicted that the shares of Archean Chemical could list around Rs 500-525 apiece. Archean Chemical Stop Loss Rs 480.
Archean Chemical, Five Star Business Finance IPOs Listing Date and Time
FiveStar Business Finance Ltd said it has raised Rs 588 crore from anchor investors. The IPO is entirely an offer for sale (OFS) of shares to the tune of Rs 1,960 crore by existing shareholders and promoter group entities.
Archean Chemical, Five Star Business Finance IPOs Listing Date and Time
Archean is focused on producing and exporting bromine, industrial salt, and sulphate of potash.
Archean Chemical, Five Star Business Finance IPOs Listing Date and Time
Archean Chemical plans to use the proceeds of the fresh issue for the redemption of Non-Convertible Debentures (NCDs) issued by it.
Archean Chemical, Five Star Business Finance IPOs Listing Date and Time
Zee Business Managing Editor Anil Singhvi had advised that only those investors who are willing to take high-risk should subscribe to Archean Chemical.
Archean Chemical, Five Star Business Finance IPOs Listing Date and Time
Five Star Business Finance subscribed 70 per cent on the final day of bidding. The issue attracted bids for 2,12,03,845 crore equity shares against the IPO size of 3,04,88,966 shares.
Archean Chemical, Five Star Business Finance IPOs Listing Date and Time
FiveStar Business Finance received bids for 7,21,742 shares against 3,04,88,966 shares on offer, according to data available on the National Stock Exchange (NSE).
Archean Chemical IPO Listing
Archean Chemical IPO consists of a fresh issue of equity shares aggregating up to Rs 805 crore and an Offer For Sale (OFS) of up to 1.61 crore shares by the promoter and investors. The price band has been fixed at Rs 386-407 per share.
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