Aether Industries IPO Date, Review, GMP, Price details

Aether Industries Limited a Gujurat based company focuses on producing advanced intermediates and specialty chemicals involving complex and differentiated technology. The company’s products have their base in the pharmaceutical, agrochemical, material science, coating, high-performance photography, additive, and oil and gas segments.

Aether Industries has filed its DRHP with SEBI to raise 1,000 Cr through an initial public offering. The issue consists of a fresh issue of equity shares aggregating to 757 Cr and an offer for sale (OFS) of up to 2,751,000 equity shares.

Established in the year 2013, Aether Industries had a creative approach towards chemistry and technology that would grow the business and sustain it well too. During the FY2017, the company was well focused on Research and Development Department. The revenue generation commenced during FY2018.

Aether Industries IPO

10 key things to know about Aether Industries IPO

  • The company is growing at a CAGR of 60% between 2018 and 2021.
  • Production capacity is more than 6000 MT is available in its state-of-art and DCS automated manufacturing facilities.
  •  It is also a leading CRAMS (Contract Research and Manufacturing Services) provider and Contract / Exclusive Manufacturing services provider.
  •  Started commercial production of its signature product 4-MEP in 2016.
  •  Expanded  QA / QC facility in its operation in 2017
  • The company achieved annual revenues of 1,000 million in 2018 and 2,000 million in 2019.
  • Received recognition from the Department of Scientific and Industrial Research (DSIR).
  • With a team of above 700 employees, it Achieved annual revenues of 4,500 million in 2021.
  • The company through the public issue might plan to raise 131 Cr by issuing equity shares through a preferential offer.
  • The company is expected to raise 1,000 Cr through its IPO, sources quote.

Aether Industries IPO Promoter

  • Ashwin Jayantilal Desai.
  • Purnima Ashwin Desai
  • Rohan Ashwin Desai
  • Aman Ashvin Desai.
  • Desai Family Trust and Desai Business Trust.

Company Financial

Aether Industries operating revenue grew to 450 Cr in FY21 compared to 302 Cr in FY20, and its net profit raised to 71 Cr in FY21 compared to 40 Cr in FY20.

Aether Industries IPO Details

IPO DETAILS Aether Industries
Issue Period Opening Date: January 2022
Closing Date:   January 2022
Price Band ₹ – ₹ per equity share
Issue Size ₹757 CR
Face Value ₹10 per equity share
Issue Type Issue
Fresh Issue [.] Eq Shares of ₹10 face value
(aggregating up to ₹757 Cr)
Offer for sale 2,751,000 Eq Shares of ₹10 face value
(aggregating up to ₹[.] Cr)
Listing NSE and BSE
Registrar Link Intime India Private Limited

Aether Industries IPO Timeline

Aether Industries IPO issue date, issue price, allotment date, and the listing date, and all the details will be announced soon.

IPO Opens To be announced
IPO Ends To be announced
Allotment Begins To be announced
Refund Initiation To be announced
Allotment Date To be announced
Listing Date To be announced

Aether Industries IPO Lot Size (Retail Individual Investors)

Applications Lots Shares Amount(Cut-off)
Minimum
Maximum

Aether Industries Investor Category

Aether Industries IPO has 35% of the net offer under the Retail Category.

QIB (Qualified Institutional Buyers) 50% of net offer
NII (Non-Institutional Investors) 15% of net offer
RII (Retail Individual Investors) 35% of net offer

Aether Industries IPO GMP

Aether Industries GMP has not yet started. It is currently not trading in the grey market.

Aether Industries IPO Review

The review of Aether Industries will be updated once all the are out in public. As of now, no reviews are available. Stay tuned for a detailed review soon.

Aether Industries IPO Book Running lead Manager(s)

  • HDFC Bank Limited.
  • Kotak Mahindra Capital Company Limited.

Aether Industries IPO Registrar

Link Intime India Private Limited

Tel: +91-22-49186200
Email: aether.ipo@linkintime.co.in
Website: www.linkintime.co.in

Company Contact Details

Aether Industries Limited

Plot No- 8203, Road No- 82

Sachin Industrial Estate GIDC

Surat- 394230

Gujarat, India

Phone: +91-261-6603000

Email: info@aether.co.in

Leave a Comment