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Aether Industries Limited

Incorporated in 2013, Aether Industries Limited is a specialty chemicals manufacturer and the sole Indian producer of chemicals including 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 operates across three business models: large-scale manufacturing of intermediates and specialty chemicals, CRAMS (contract research and manufacturing services), and contract manufacturing. It has two manufacturing facilities in Sachin, Surat, Gujarat, with Facility 1 spanning 3,500 sq. metres including R&D, hydrogenation, and pilot plant capabilities, and Facility 2 covering roughly 10,500 sq. metres with an installed capacity of 6,096 MT per year across three buildings and 16 production streams. As of March 31, 2022, Aether Industries offered over 25 products to more than 34 global companies in 18 countries and 154 domestic companies, and is the world’s largest producer by volume of 4MEP, T2E, NODG, and HEEP products.

₹610 - ₹6426.26x sub
Listed Price704.00
Listing Gain+9.66%
TimelineBookbuilding IPO
Open24 May 2022
Close26 May 2022
Allotment31 May 2022
Listing03 Jun 2022

Quota Reservation Portions

QIBPortion: 62,37,492 shares
49.56%
Nii (hni)Portion: 18,71,248 shares
14.87%
RetailPortion: 43,66,245 shares
34.69%
EmployeePortion: 1,11,370 shares
0.88%

Minimum Application Bracket Matrix

Retail1 lots / 23 shares
₹14,766
sHNI67 lots / 1,541 shares
₹9,89,322
bHNI68 lots / 1,564 shares
₹10,04,088

About the Company

Incorporated in 2013, Aether Industries Limited is a specialty chemicals manufacturer and the sole Indian producer of chemicals including 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 operates across three business models: large-scale manufacturing of intermediates and specialty chemicals, CRAMS (contract research and manufacturing services), and contract manufacturing. It has two manufacturing facilities in Sachin, Surat, Gujarat, with Facility 1 spanning 3,500 sq. metres including R&D, hydrogenation, and pilot plant capabilities, and Facility 2 covering roughly 10,500 sq. metres with an installed capacity of 6,096 MT per year across three buildings and 16 production streams. As of March 31, 2022, Aether Industries offered over 25 products to more than 34 global companies in 18 countries and 154 domestic companies, and is the world’s largest producer by volume of 4MEP, T2E, NODG, and HEEP products.

Company Promoters

Ashwin Jayantilal DesaiPurnima Ashwin DesaiRohan Ashwin Desai Dr. Aman Ashvin DesaiAJD Family TrustPAD Family TrustRAD Family TrustAAD Family Trust AAD Business Trust

Registrar

Link Intime India Private Limited