Aether Industries IPO Details: The IPO is estimated to be worth Rs 808 crore, with a price range of Rs 610-642 per share. Between May 24 and May 26, the Aether Industries IPO is still accessible for subscription. The IPO is expected to raise around Rs 808 crore, with a price range of Rs 610 to 642 per share. According to market experts, Aether Industries Limited shares have also debuted in the grey market. According to market experts, Aether Industries Limited shares are currently available in the grey market at a premium of Rs. 20.
Aether Industries IPO Details
|IPO Opening Date||May 24, 2022|
|IPO Closing Date||May 26, 2022|
|Price Band||Rs. 610 to Rs. 642 per share|
|Lot Size||23 Shares|
|Issue Size (Rs. Cr.)||(To be announced) shares of Rs. 10 (aggregating up to Rs. 808.04 Cr)|
|Fresh Issue||(To be announced) shares of Rs. 10 (aggregating up to Rs. 627.00 Cr)|
|Offer for Sale||2,820,000 shares of ₹10 (aggregating up to Rs. 181.04 Cr)|
|Face Value||Rs. 10 per equity share|
|Issue Type||Book Built Issue IPO|
|Exchange Board||BSE, NSE|
|QIB Shares Offered||Not more than 50% of the Net Offer|
|Retail Shares Offered||Not less than 35% of the Net Offer|
|NII (HNI) Shares Offered||Not less than 15% of the Net Offer|
|Basis of Allotment Date||May 31, 2022|
|Initiation of Refunds||Jun 1, 2022|
|Credit of Shares to Demat Account||Jun 2, 2022|
|Aether Industries IPO Listing Date||Jun 3, 2022|
Aether Industries IPO Date
The company previously stated that its initial public offering (IPO) will begin on May 20 and end on May 24, 2022. Bidding for the anchor investor will begin on May 19, 2022.
Aether Industries IPO Issue Size
The public offering is expected to garner Rs 808.04 crore. Rs 627 crore to be generated through new issues, with the remaining Rs 181.04 crore scheduled to be raised through an offer for sale (OFS).
Aether Industries IPO Price Band
The Aether Industries Limited IPO price band has been set at Rs. 610 to Rs. 642 per equity share by the specialty chemicals firm.
Aether Industries IPO Lot Size
An investor can bid on as little as one lot or as much as 13 lots. A lot will consist of 23 Aether Industries shares. An investor can bid a minimum of Rs 14,766 for one lot and a maximum of Rs 1,91,958 for 13 lots in terms of rupee value.
Aether Industries IPO Allotment Date and Listing Date
The tentative timing for the share allocation announcement is May 31, 2022. The most likely date for the IPO is June 3, 2022.
About Aether Industries Limited IPO
Aether Industries Limited is a maker of specialty chemicals that was founded in 2013. 4-(2-Methoxyethyl) Phenol (4MEP), 3-Methoxy-2-Methylbenzoyl Chloride (MMBC), Thiophene-2-Ethanol (T2E), Ortho Tolyl Benzo Nitrile (OTBN), N-Octyl-D-Glucamine, Delta-Valerolactone, and Bifenthrin Alcohol are among the compounds for which the business is the sole manufacturer in India.
It claims to be one of India’s fastest-growing speciality chemical firms, with a compound annual growth rate (CAGR) of over 49.5 percent between fiscal years 2019 and 2021.
Large-scale manufacture of intermediates and specialty chemicals, CRAMS (contract research and manufacturing services), and contract manufacturing are the company’s three business types.
Aether Industries operates two manufacturing facilities in Sachin, Gujarat. Manufacturing Facility 1 is a 3,500 square metre complex that includes R&D, Hydrogenation, and a Pilot Plant. As of September 30, 2021, Manufacturing Facility 2 covers approximately 10,500 square metres and has an installed capacity of 6,096 MT per year split over three buildings and 16 production streams.
Aether Industries Limited has over 25 goods in its product range as of March 31, 2022, which were sold to over 34 worldwide firms in 18 countries and over 154 domestic companies. By volume, the firm is the world’s largest maker of 4MEP, T2E, NODG, and HEEP products.
Promoters of Aether Industries IPO
The company’s promoters are Ashwin Jayantilal Desai, Purnima Ashwin Desai, Rohan Ashwin Desai, Dr. Aman Ashvin Desai, AJD Family Trust, PAD Family Trust, RAD Family Trust, AAD Family Trust and AAD Business Trust.