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Aether Industries IPO Details

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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.

Aether Industries IPO

Important Details – Aether Industries

Aether Industries Limited was incorporated on January 23, 2013, at Surat, Gujarat, India as a public limited company

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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

DescriptionAETHER IPO Details
Public IssueInitial 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  Date24-May-22
Issue Close Date26-May-22
Issue TypeBook 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 InvestorRs. 2,00,000
Listing NSE SME
NSE SymbolAETHER
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Aether Industries IPO DRHP & RHP

Aether Industries IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum123₹  14,766
Maximum13299₹ 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

DetailsImportant Dates
Bid / Offer Opens on24-May-22
Bid / Offer Closes on26-May-22
Finalisation of Basis of Allotment31-May-22
Initiation of refunds 01-Jun-22
Credit of the Equity Shares02-Jun-22
Listing Date03-Jun-22

Company Peers – Comparison of Accounting Ratios

Name of CompanyFace Value EPS (Basic)
(₹)
Total Income
(₹ in
million)
NAV, as on
March 31, 2021
(₹ per share)
Aether Industries Limited107.364,537.8915.69
Clean Science and Technology
Limited
118.685,380.5050.84
Navin Fluorine International Limited252.0312,584.37330.06
Vinati Organics Limited126.209,801.02150.16
PI Industries Limited149.9247,019.00352.13
Fine Organic Industries Limited539.2511,503.16238.55

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?

Check the step by step process here – Click here

How to apply in Aether Industries IPO through Zerodha?

Check the step by step process here – Click here

To Open Demat in ZerodhaClick here
To Open Demat in PayTM MoneyClick here

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