The IPO date for Aether Industries is May 24, 2022. The initial public offering price band is established at INR610 – 642 per share per share. The selling of new shares valued up to INR627 crore is part of the offer. Existing owners have also submitted an OFS for 2,820,000 equity shares.
About Aether Industries
Aether Industries Limited is a maker of specialty chemicals that was founded in 2013. The company is an Indian specialty chemical manufacturer that specialises in advanced intermediates and specialty chemicals that need complicated and distinct chemistry and technology.
Large-scale manufacture of intermediates and specialty chemicals, CRAMS (contract research and manufacturing services), and contract manufacturing are the company’s three business types.
Aether Industries operates two manufacturing facilities in Sachin, Gujarat. Manufacturing Facility 1 is a 3,500 square metre complex that includes R&D, Hydrogenation, and a Pilot Plant. As of September 30, 2021, Manufacturing Facility 2 covers approximately 10,500 square metres and has an installed capacity of 6,096 MT per year split over three buildings and 16 production streams.
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.
Competitive Advantages of Aether Industries.
1-Market-leading product portfolio that is differentiated.
2-Focus on R&D to capitalise on chemistry and technology’s key competencies.
3-Long-term consumer ties with a diverse clientele.
4-Large Scale Manufacturing, CRAMS, and Contract Manufacturing Synergistic Business Models
5-Quality, Environment, Health, and Safety are all priorities (QEHS).
6-Financial performance that is constant and strong.
7-Senior Management with considerable domain expertise and experience as promoters.
Aether Industries- Financial update
|Particulars||For the year/period ended (₹ in Million)|
|Profit After Tax||829.06||482.54||711.19||399.56||233.35|
Aether Industries IPO Timeline
|Aether Industries IPO Opening Date||May 24, 2022|
|Aether Industries IPO Closing Date||May 26, 2022|
|Basis of Allotment||May 31, 2022|
|Initiation of Refunds||Jun 1, 2022|
|Credit of Shares to Demat||Jun 2, 2022|
|Aether Industries IPO Listing Date||Jun 3, 2022|
Objects of the Aether Industries IPO
: The company intends to use the Net Proceeds from the New Issue to fund the following items:
1. The Company’s prepayment or repayment of all or a portion of certain outstanding borrowings.
2. Funding the industrial facility’s capital expenditure requirements (Proposed Greenfield Project).
3. Meeting the company’s working capital needs.
4. General business purposes
Aether Industries IPO Date, Size & Price Band
|Aether Industries IPO Date||24 – 26 May 2022|
|IPO Price Band||₹610 to ₹642 per share|
|Fresh issue||INR627 crore|
|Offer For Sale||2,820,000 shares|
|Total IPO size||INR799.02 – 808.04 crore|
|Minimum bid (lot size)||23 shares|
|Face Value||INR 10 per share|
|Listing On||NSE, BSE|
How to Apply in Aether Industries IPO through Zerodha
Zerodha customers can apply online in Aether Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Aether Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aether Industries IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Aether Industries IPO’ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.