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Aether Industries

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 Price₹704.00
Listing Gain+9.66%

IPO Schedule & Timeline

Bookbuilding IPO
Open24 May 2022
Close26 May 2022
Allotment31 May 2022
Listing03 Jun 2022

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB62,37,492 shares
49.56%
Nii (hni)18,71,248 shares
14.87%
Retail43,66,245 shares
34.69%
Employee1,11,370 shares
0.88%

Minimum Application Lots

Retail1 Lot (23 shares)
₹14,766
sHNI67 Lots (1,541 shares)
₹9,89,322
bHNI68 Lots (1,564 shares)
₹10,04,088

Company Promoters

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

Company Background

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 operat...

Lead Managers & Bankers

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Mar-19)₹203.28 Cr
Growth-54.8%
Revenue Trend (₹ in Crores)
0.0174.0347.9521.9Dec-22Mar-21Mar-20Mar-19
PeriodRev (Cr)PAT (Cr)AssetsDebt
Mar-19203.2823.34206.680
Mar-20303.7839.96300.470
Mar-21453.7971.12452.940
Dec-22449.3282.9709.560

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
31 May 2022
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
03 Jun 2022

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for Aether Industries. Check with PAN or Application No.

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Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization31 May 2022Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date03 Jun 2022Trading commences on exchange

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3Enter Details

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Prospectus & Official Filings

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About Aether Industries IPO

Complete issue overview for Aether Industries (AETHER) IPO. The issue features an equity share price band of ₹610 – ₹642 per share with a minimum retail lot size of 23 Shares (minimum application amount of ₹14,766). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

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