Aether Industries IPO

IPO Date: 24th to 26th May 2022

IPO Price Band
Price Band
₹610 to ₹642
IPO Issue Size
Issue Size
₹808.04 Cr
IPO Market Lot
Market Lot
IPO Face Value
Face Value
₹10 Equity Share

About Aether Industries Limited IPO

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 March 31, 2022, Aether Industries Limited's product portfolio comprised over 25 products which were sold to over 34 global companies in 18 countries and to over 154 domestic companies. The company is the largest manufacturer of 4MEP, T2E, NODG and HEEP products in the world by volume.

Aether Industries IPO Strengths

  • Differentiated portfolio of market-leading products.
  • Focus on R&D to leverage the core competencies of chemistry and technology.
  • Long-standing relationships with a diversified customer base.
  • Synergistic Business Models focused on Large Scale Manufacturing, CRAMS and Contract Manufacturing.
  • Focus on Quality, Environment, Health and Safety (QEHS).
  • Strong and consistent financial performance.
  • Experienced Promoters and Senior Management with extensive domain knowledge.

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • 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.

Aether Industries IPO Date, Market Lot & Price Band

IPO Opening Date May 24, 2022
IPO Closing Date May 26, 2022
Issue Type Book Built Issue IPO
Face Value ₹10 Equity Share
IPO Price ₹610 to ₹642 per share
Market Lot 23 Shares
Min Order Quantity 23 Shares
Listing At BSE, NSE
Issue Size [.] shares of ₹10 (aggregating up to ₹808.04 Cr)
Fresh Issue [.] shares of ₹10 (aggregating up to ₹627.00 Cr)
Offer for Sale 2,820,000 shares of ₹10 (aggregating up to ₹181.04 Cr)
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

Aether Industries IPO Allotment & Listing Date

Basis of Allotment Date May 31, 2022
Initiation of Refunds Jun 1, 2022
Credit of Shares to Demat Account Jun 2, 2022
IPO Listing Date Jun 3, 2022

Aether Industries IPO FAQs

Aether Industries IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹808.04 Crores. The issue is priced at ₹610 to ₹642 per share. The minimum order quantity is 23 Shares.

The IPO opens on May 24, 2022, and closes on May 26, 2022.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Aether Industries IPO opens on May 24, 2022 and closes on May 26, 2022.

Aether Industries IPO lot size is 23 Shares and the minimum order quantity is 23 Shares.

You can apply in Aether Industries IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services.

The finalization of Basis of Allotment for Aether Industries IPO will be done on May 31, 2022, and the allotted shares will be credited to your demat account by Jun 2, 2022.

Check the IPO allotment status.

The listing date of Aether Industries IPO is Jun 3, 2022.

How to Apply in Aether Industries IPO with SMC?

  • To Bid online, you need
    Demat Account and Pan card.

  • Login to SMC account and
    select the Aether Industries IPO

  • Enter UPI Id & Mobile number

  • Place your number of bids
    with the exchange

  • A UPI mandate is sent to your
    UPI App to block your funds.

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