Aether Industries Limited
- IPO Date24 May, 2022 to 26 May, 2022
- Listing Date03 Jun, 2022
- Face Value₹10 per share
- Issue Price₹610 to ₹642 per share
- Lot Size23 Shares
- Minimum Investment₹14,766
- Listing AtBSE, NSE
- Total Issue Size-
- Fresh Issue-
- Offer for Sale28,20,000 Shares
(aggregating up to ₹181.04 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
26 May, 2022
Initiation of Refunds
02 Jun, 2022
Listing Date
03 Jun, 2022
24 May, 2022
Opening Date
31 May, 2022
Basis of Allotment
02 Jun, 2022
Credit of Shares
Aether Industries Limited Lot Size
Investors can bid for a minimum of 23 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 23 | ₹14,766 |
| Retail (Max) | 13 | 299 | ₹1,91,958 |
| S-HNI (Min) | 14 | 322 | ₹2,06,724 |
| S-HNI (Max) | 67 | 1541 | ₹9,89,322 |
| B-HNI (Min) | 68 | 1564 | ₹10,04,088 |
Aether Industries Limited Promoter Holding
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 are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 96.96% | 87.09% |
Aether Industries Limited COMPANY INFORMATION
Aether Industries IPO is a book built issue of Rs 808.04 crores. The issue comprises of fresh issue of Rs 627.00 crore and offer for sale of 0.28 crore shares. Aether Industries IPO bidding started from May 24, 2022 and ended on May 26, 2022. The allotment for Aether Industries IPO was finalized on Tuesday, May 31, 2022. The shares got listed on BSE, NSE on June 3, 2022. Aether Industries IPO price band is set at ₹610 to ₹642 per share. The minimum lot size for an application is 23 Shares. The minimum amount of investment required by retail investors is ₹14,766. The minimum lot size investment for sNII is 14 lots (322 shares), amounting to ₹206,724, and for bNII, it is 68 lots (1,564 shares), amounting to ₹1,004,088. Hdfc Bank Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Aether Industries IPO, while Link Intime India Private Ltd is the registrar for the issue. Refer to Aether Industries IPO RHP for detailed information.
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.
FAQs About Aether Industries Limited
Aether Industries Limited will open on 24 May, 2022 and close on 26 May, 2022. Investors must apply within this period to participate.
The Aether Industries Limited price band is set between ₹610.00 and ₹642.00 per share. The minimum lot size is 23, requiring an investment of at least ₹14766.00.
The Aether Industries Limited shares are expected to be listed on 03 Jun, 2022, subject to regulatory approvals and final allotment.
You can track your Aether Industries Limited application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Aether Industries Limited will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.