Aether Industries IPO subscription is to open on 24 May 2022 and will close on 26 May 2022, the price band of the Aether Industries IPO is fixed at ₹ 610 – ₹ 642. Aether Industries Limited is a speciality chemical manufacturer in India focused on producing advanced intermediates and speciality chemicals involving complex and differentiated chemistry and technology core competencies.
About Aether Industries
Aether Industries Limited is a speciality chemical manufacturer in India focused on producing advanced intermediates and speciality chemicals involving complex and differentiated chemistry and technology core competencies. Aether Industries started business in 2013 with a vision to create a niche in the global chemical industry with a creative approach towards chemistry, technology and systems that would lead to sustainable growth. In the first phase of the development through Fiscal 2017, the company focused on building the team and infrastructure and on the R&D centred around building the core competencies.
Aether Industries is one of the fastest growing specialty chemical companies in India. The company focused on the core competencies model of chemistry and technology.
- About Aether Industries
- Important Details – Aether Industries
- Objects of the Issue
- Aether Industries Limited Financials:
- Aether Industries IPO Price – Details
- Aether Industries IPO DRHP & RHP
- Aether Industries IPO Lot Size
- Aether IPO Lead Managers
- Aether IPO Registrar
- Aether IPO Allotment Date, Listing Date and other Important Dates
- Company Peers – Comparison of Accounting Ratios
- Company Registered and Corporate Office
- Company Promoters
- Aether IPO – FAQS
Important Details – Aether Industries
Aether Industries Limited was incorporated on January 23, 2013, at Surat, Gujarat, India as a public limited company
Also Read:
- Aether Industries IPO GMP
- Aether Industries IPO Subscription Status
- Aether Industries IPO Allotment Status
- Aether Industries IPO Listing Date
Objects of the Issue
- 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; and
- General corporate purposes.
Aether Industries Limited Financials:
Summary of financial Information (Restated Consolidated Statement)
| Particulars | For the year ended (₹ in million) | |||
| 31-Dec-21 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 7,095.61 | 4,529.44 | 3,004.67 | 2,066.75 |
| Total income | 4,493.15 | 4,537.89 | 3,037.81 | 2,032.77 |
| Total Expenses | 3,380.03 | 3,599.83 | 2,472.74 | 1,706.80 |
| Profit After Tax | 829.06 | 711.19 | 399.56 | 233.35 |
Aether Industries IPO Price – Details
| Description | AETHER IPO Details |
|---|---|
| Public Issue | Initial Public Issue of upto [,] Equity Shares of ₹ 10 (aggregating up to ₹ 6,270 million) and an offer for sale of up to 2,820,000 Equity Shares |
| Issue Open Date | 24-May-22 |
| Issue Close Date | 26-May-22 |
| Issue Type | Book Building |
| IPO Price Band | ₹ 610 – ₹ 642 |
| Face Value | ₹ 10 |
| Market Lot | 23 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 23 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Listing | NSE SME |
| NSE Symbol | AETHER |
| IPO Market Timings | 10.00 a.m. to 5.00 p.m. |
Aether Industries IPO DRHP & RHP
Aether Industries IPO Lot Size
| Application | Lots | No of Shares | Amount (Rs) |
| Minimum | 1 | 23 | ₹ 14,766 |
| Maximum | 13 | 299 | ₹ 1,91,958 |
Aether IPO Lead Managers
- HDFC Bank Limited
- Axis Bank Limited
Aether IPO Registrar
Aether IPO Allotment Date, Listing Date and other Important Dates
| Details | Important Dates |
|---|---|
| Bid / Offer Opens on | 24-May-22 |
| Bid / Offer Closes on | 26-May-22 |
| Finalisation of Basis of Allotment | 31-May-22 |
| Initiation of refunds | 01-Jun-22 |
| Credit of the Equity Shares | 02-Jun-22 |
| Listing Date | 03-Jun-22 |
Company Peers – Comparison of Accounting Ratios
| Name of Company | Face Value | EPS (Basic) (₹) | Total Income (₹ in million) | NAV, as on March 31, 2021 (₹ per share) |
| Aether Industries Limited | 10 | 7.36 | 4,537.89 | 15.69 |
| Clean Science and Technology Limited | 1 | 18.68 | 5,380.50 | 50.84 |
| Navin Fluorine International Limited | 2 | 52.03 | 12,584.37 | 330.06 |
| Vinati Organics Limited | 1 | 26.20 | 9,801.02 | 150.16 |
| PI Industries Limited | 1 | 49.92 | 47,019.00 | 352.13 |
| Fine Organic Industries Limited | 5 | 39.25 | 11,503.16 | 238.55 |
Company Registered and Corporate Office
Plot No. 8203, GIDC,
Sachin, Surat- 394230,
Gujarat,
Website: www.aether.co.in
Company Promoters
- 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
Aether IPO – FAQS
What is the Aether IPO Price?
The Aether IPO price band is ₹ 610 – ₹ 642 per share
When Aether IPO will open?
The Aether Industries IPO opens on May 24, 2022 and closes on May 26, 2022
What is the lot size of Aether Industries IPO?
The Aether Industries IPO lot size is 23 Equity Shares and the minimum order quantity is 23 Equity Shares
Who is the Registrar for Aether Industries IPO?
The Registrar for Aether Industries IPO is Link Intime India Private Limited
How to apply in Aether Industries IPO through UPI?
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How to apply in Aether Industries IPO through Zerodha?
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