Aether Industries IPO
MainboardChemicals
Listed On: Jun 3, 2022 at ₹ 704.0(NSE)
₹ 14766 /23 Shares
Check AllotmentPrice Summary
Last Closing
820.00 (27.73%)52 Week High
1,071.0052 Week Low
761.55Last Update
25-Nov-2024 3:30 PMIPO Details
24 May, 2022
Open Date26 May, 2022
Close Date31 May, 2022
Allotment Date03 Jun, 2022
Listing DateIssue Price
₹610-642 per equity shareFace Value
₹10 Per Equity ShareListing at Group
BSE, NSERegistrar
Linkintime India Private LimitedList Price
704.0(NSE)Listing Date
2022-06-03Market Lot
23 Shares (₹14,766/-)Lead Manager
HDFC Bank Limited,Kotak Mahindra Capital Company LimitedIssue Size
Total 800 Crores Approx : Fresh Issue : ₹627 Crores + OFS : 2,820,000 SharesRetail Portion
35% (Number of Retail Applications : 1,89,830 Approx)Subscription
6.26 timesIPO Subscription Details
As on | QIB | NII | Retail | Employee | Total |
---|---|---|---|---|---|
Shares Offered / Reserved | 27,48,241 | 19,47,222 | 45,43,517 | 1,17,213 | 93,56,193 |
Day 1 - 24-05-22 05:00 PM | 0.36 x | 0.05 | 0.42 x | 0.54 x | 0.32 x |
Day 2 - 25-05-22 05:00 PM | 0.39 x | 0.16 | 0.67 x | 0.93 x | 0.49 x |
Day 3 - 26-05-22 05:00 PM | 17.57 x | 2.52 | 1.14 x | 1.06 x | 6.26 x |
Valuations
Earnings Per Share (EPS)
₹5.71/-P/E Ratio
112.47RoNW
40.79%Net Asset Value (NAV) - As on 31.12.21
₹31.97Company Financials All values are in ₹ Cr.
30-Sep-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
---|---|---|---|---|
Assets | 550.74 | 452.94 | 300.46 | 206.67 |
Revenue | 295.65 | 453.78 | 303.78 | 203.27 |
Profit After Tax | 57.50 | 71.11 | 39.95 | 23.33 |
About The Company
Incorporated in 2013, Aether Industries Limited is a manufacturer of speciality chemicals. The company is the sole manufacturer in India of chemicals such as 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.
The company has three business models: Large scale manufacturing of intermediates and speciality chemicals, CRAMS (contract research and manufacturing services) and Contract manufacturing.
Aether Industries has two manufacturing sites at Sachin in Surat, Gujarat. Manufacturing Facility 1 is a 3,500 square metre facility including R&D and Hydrogenation Facilities and Pilot Plant. Manufacturing Facility 2 encompasses roughly 10,500 square metres, with an installed capacity of 6,096 MT per year spread among three buildings and 16 production streams as of September 30, 2021.
As of September 30, 2021, Aether Industries Limited's product portfolio comprised over 22 products which were sold to over 30 global companies in 17 countries and to over 100 domestic companies. The company is the largest manufacturer of 4MEP, T2E, NODG and HEEP products in the world by volume.
- Promoter(s)
Pre Issue Share Holding: 96.97%
Post Issue Share Holding: N/A%
Company Promoter(s)
- 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
IPO - Issue Objectives
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.
- Funding capital expenditure requirements for the manufacturing facility (Proposed Greenfield Project).
- Funding working capital requirements of the Company.
- General corporate purposes.
IPO - Anchor Investors
A total of 25 funds have been allocated shares in the anchor round. This included Goldman Sachs, Nomura, SBI Mutual Fund (MF), Aditya Birla Sun Life MF, Kotak MF, Axis MF, IDFC MF and Tata MF.
IPO - FAQs
Ans. Aether Industries IPO is a Mainboard IPO. The issue is priced at ₹610-642 per equity share. The minimum order quantity is 23 Shares. The IPO opens on May 24, 2022, and closes on May 26, 2022. Linkintime India Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Ans. The Aether Industries IPO opens on May 24, 2022 and closes on May 26, 2022.
Ans. The size of Aether Industries IPO is Total 800 Crores Approx : Fresh Issue : ₹627 Crores + OFS : 2,820,000 Shares.
Ans. The IPO price band is set between ₹610-642 per equity share.
Ans. To apply for Aether Industries IPO IPO, follow the steps given below:
- - Open the IPO Ji App or Website
- - Find Aether Industries IPO in the List of IPOs
- - Press "Apply" Button
- - Select Your Demat Account
- - Select Your Shares Quantity and Submit
- - Track Your IPO Status
Ans. The share allotment date of Aether Industries IPO is May 31, 2022.
Ans. The Aether Industries IPO will be listed on Jun 3, 2022.
Ans. Follow the steps to check the allotment status for Aether Industries IPO here.