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Archean Chemical, Five Star Business Finance to debut today: What could be listing price?

The speciality chemical company closed its public issue on November 11 and raised Rs 1,462 crore at upper end of price band of Rs 386-407 per share, while the non-banking finance company also closed its IPO on same day with mobilising around Rs 1,590 crore at Rs 474 per share.

November 21, 2022 / 07:01 AM IST
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The coming week will start with the addition of two stocks on main board as Archean Chemical Industries and Five Star Business Finance will make their debut on November 21 after completing the IPO process.

The specialty chemical company closed its public issue on November 11 and raised Rs 1,462 crore at upper end of price band of Rs 386-407 per share, while the non-banking finance company also closed its IPO on same day with mobilising around Rs 1,590 crore at Rs 474 per share.

Archean Chemical Industries

Among these two, Archean is likely to start with a healthy premium on Monday given the strong subscription to IPO, attractive valuations, consistent growth in financials, and high entry barriers in the industry it operates, experts said.