Speciality marine chemicals firm Archean Chemical Industries has raised Rs 658 crore from lead investors ahead of its November 7 IPO.

A total of 42 investors bought company stock through the anchor book. They include SBI Mutual Fund, Nippon Life, ICICI Prudential, HDFC Mutual Fund, Goldman Sachs, DSP Small Cap Fund, Abu Dhabi Investment Authority, Kotak Mutual Fund, Government Pension Fund Global and Abakkus Emerging Opportunities Fund.

Aditya Birla Sun Life, Theleme India Master Fund, Tata Mutual Fund, BNP Paribas Funds, Segantii India Mauritius, Elara India Opportunities Fund, Edelweiss, Saint Capital Fund, Winro Commercial and Societe Generale have also invested in the company through anchor books.

Archean Chemical said in its BSE filing that it had completed a distribution of 1.61 crore shares to fix investors at a cap price of Rs 407 per share. The public offering will open for subscriptions on November 9 and end on November 11.

The company plans to raise Rs 1,462.3 crore through a public offering comprising a fresh issue of shares worth Rs 805 crore and an offer to sell 1.61 crore shares. The price range of the offer is Rs 386-407 per share. Up to 75% of offers are reserved for qualified institutional buyers, 15% for non-institutional investors and the remaining 10% for retail investors.