The ₹1,462-crore IPO of Archean Chemical Industries, which ended on Friday, was subscribed 32.3 times. Bids were received for 64.31 crore shares as against the 1.99 crore shares that were on offer. The qualified institutional buyers' portion was subscribed nearly 50 times, while the non-institutional investors' and retail investors' portions were subscribed 15 and 10 times, respectively.