Only two companies — Hariom Pipe Industries and Venus Pipes and Tubes — that hit Dalal Street in fiscal 2023 have delivered multibagger returns to investors. These two debutants were the best performing among a total of 37 IPOs that flocked to the market last financial year. While Hariom Pipe has tripled investors’ wealth, rising … Read more
New Delhi: Ahead of listing at the Dalal Street on Monday, Archean Chemical Industries (ACIL) is commanding a stellar response in the grey market, signalling for a strong listing pop in the grey market. Last heard, the company’s shares were being dealt at a premium of Rs 120-125 in the unofficial market, translated into a … Read more
New Delhi: Archean Chemical Industries, a speciality marine chemical manufacturer, has filed preliminary papers with markets regulator Sebi to raise as much as Rs 2,200 crore through an initial public offering (IPO). The IPO consists of a fresh issue of equity shares aggregating up to Rs 1,000 crore and an offer for sale of up … Read more