Aether Industries IPO date is 24 May 2022. The IPO price band is set at INR610 – 642 per share. The issue comprises of sale of fresh shares worth up to INR627 crore. There is also an OFS by existing shareholders of 2,820,000 equity shares.
Promoters of Aether Industries – 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 Industries Business Description
The company is a speciality chemical manufacturer in India focused on producing advanced intermediates and speciality chemicals involving complex and differentiated chemistry and technology core competencies. The business was started in 2013 with a focus on building team, infrastructure and R&D capabilities. Its second phase started in 2017 with commencement of revenue generation operations. It is among the fastest growing specialty chemical companies in India, growing at a CAGR of nearly 49.5% between Fiscal 2019 and Fiscal 2021.
Aether Industries has eight chemistry competencies, all developed inhouse, which enable it to cater to niche and advanced intermediate requirements of a wider range of end-products and applications. It has three business models under which it operates: (i) large scale manufacturing of own intermediates and speciality chemicals; (ii) contract research and manufacturing services (CRAMS) and (iii) contract/exclusive manufacturing. The company has a nuanced criteria for choosing products based on their chemical complexity, niche applications, limited competition, scalability and commercial potential.
As of 30 September 2021, its product portfolio comprised over 22 products. Aether Industries is the sole manufacturer in India of 4MEP, MMBC, T2E, OTBN, NODG, DVL and Bifenthrin Alcohol, and was among the largest manufacturers in the world by volume for 4MEP, T2E, NODG and HEEP.
Aether Industries IPO Date, Size & Price Band
| Aether Industries IPO Date | 24 – 26 May 2022 |
| IPO Price Band | INR610 – 642 per share |
| Fresh issue | INR627 crore |
| Offer For Sale | 2,820,000 shares (INR172.02 – 181.04 crore) |
| Total IPO size | INR799.02 – 808.04 crore |
| Minimum bid (lot size) | 23 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
Aether Industries’ Financial Performance
| Â | FY 2019 | FY2020 | FY2021 | 9M FY2022 |
| Revenue | 203.3 | 303.8 | 453.8 | 449.3 |
| Expenses | 170.7 | 247.3 | 360.0 | 338.0 |
| Net income | 23.3 | 40.0 | 71.1 | 82.9 |
| Margin (%) | 11.5 | 13.2 | 15.7 | 18.4 |
Aether Industries Offer News
Aether Industries IPO Timetable
| IPO Opening Date | 24 May 2022 |
| IPO Closing Date | 26 May 2022 |
| Finalisation of Basis of Allotment | 31 May 2022 |
| Initiation of refunds | 1 June 2022 |
| Transfer of shares to demat accounts | 2 June 2022 |
| Listing Date | 3 June 2022 |
| Opening Price on NSE | INR704 per share (up 9.66% from IPO price) |
| Closing Price on NSE | INR774.4 per share (up 20.62% from IPO price) |
Aether Industries Valuations & Margins
| FY2019 | FY2020 | FY2021 | 9M FY2022 | |
| EPS | 2.48 | 4.24 | 7.36 | 7.45 |
| PE ratio | – | – | 82.88 – 87.23 | 61.41 – 64.63* |
| RONW (%) | 60.54 | 51.04 | 40.79 | 23.01 |
| ROCE (%) | 25.16 | 26.07 | 28.50 | 21.72 |
| EBITDA (%) | 23.61 | 23.78 | 24.93 | 28.47 |
| Debt/Equity | 3.27 | 2.18 | 1.19 | 0.65 |
| NAV | – | – | 15.69 | 31.97 |
Aether Industries IPO Subscription – Live Updates
| Category | Shares Offered | Day 1 | Day 2 | Day 3 |
| QIB | 27,48,241 | 0.36 | 0.39 | 17.57 |
| NII | 19,47,222 | 0.05 | 0.16 | 2.52 |
| Retail | 45,43,517 | 0.42 | 0.67 | 1.14 |
| Employees | 1,17,213 | 0.54 | 0.93 | 1.06 |
| Total | 93,56,193 | 0.33 | 0.49 | 6.26 |
Aether Industries IPO Allotment
Aether Industries IPO allotment is now available on Link Intime’s website. Click on this link to get allotment status.
Aether Industries Offer Registrar
Link Intime India Private LimitedÂ
C-101, 1st Floor,
247 Park, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai 400 083,
Maharashtra, India
Phone:Â +91 22 4918 6200
Fax:Â +91 22 4918 6195
Email:Â [email protected]
Website:Â http://www.linkintime.co.in
Aether Industries Contact Details
Aether Industries Limited
Plot No. 8203,
GIDC, Sachin,
Surat- 394230, Gujarat
Phone: +91 261 660 3360
E-mail: [email protected]
Website: www.aether.co.in
Aether Industries IPO FAQs
When is Aether Industries IPO date?
Aether Industries IPO date is 24 May 2022 for QIB, NII, and Retail Investors.
What are investors’ portions in Aether Industries IPO?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
How to Apply in Aether Industries public offer?
You can apply Aether Industries public offer via ASBA online via your bank account. You can also apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
What is Aether Industries IPO Allotment Date?
Aether Industries IPO allotment date is 31 May 2022.
What is Aether Industries IPO Listing Date?
Aether Industries IPO listing date is 3 June 2022.
