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