Upon its initial public offering, Archean Chemical's stock rose 12.1 percent, and 1.14 billion Indian rupees were transacted

On its first day of trading on the stock market, Archean Chemical Industries' stock rose by more than 12%. The company's shares closed at Rs 458, up Rs 51, or 12.53 percent, from its issue price of Rs 407.

The stock traded as high as Rs 476 and as low as Rs 440.2 during intraday trading on the NSE, with a total value of Rs 1,014 crore changing hands. The initial public offering (IPO) for Archean was subscribed to 32 times ove....