Aether Industries IPO

Mainboard

Chemicals

Listed On: Jun 3, 2022 at ₹ 704.0(NSE)

₹ 14766 /23 Shares

Check Allotment

Price Summary

Last Closing

971.00 (51.25%)

52 Week High

1,071.00

52 Week Low

761.55

Last Update

20-Sep-2024 3:30 PM

IPO Details

24 May, 2022

Open Date

26 May, 2022

Close Date

31 May, 2022

Allotment Date

03 Jun, 2022

Listing Date

Issue Price

₹610-642 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Linkintime India Private Limited

List Price

704.0(NSE)

Listing Date

2022-06-03

Market Lot

23 Shares (₹14,766/-)

Lead Manager

HDFC Bank Limited,Kotak Mahindra Capital Company Limited

Issue Size

Total 800 Crores Approx : Fresh Issue : ₹627 Crores + OFS : 2,820,000 Shares

Retail Portion

35% (Number of Retail Applications : 1,89,830 Approx)

Subscription

6.26 times

IPO Docs

DRHP RHP

IPO 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

Total No. of Applications: 185395 (Approx)

Valuations

Earnings Per Share (EPS)

₹5.71/-

P/E Ratio

112.47

RoNW

40.79%

Net Asset Value (NAV) - As on 31.12.21

₹31.97

Company 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

Ahead of IPO, Aether Industries garners Rs 240 cr from 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.