Aether Industries IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Sep 01, 2023From the start of this year only, many companies have entered into the IPO game to accelerate their growth. And another such company coming with an IPO is Aether Industries.
So, let’s have a detailed discussion about this Aether Industries IPO. The company is engaged in the business of Speciality chemicals and has gained a reputation in its horizon.
Here, we will talk about the company, its background, operations, products and services, details of the IPO, its GMP, allotment status, subscription status, pricing of the shares, offerings to the public, and all other aspects of interest for the investors.
In this Aether Industries IPO Review, we will answer all your questions.
| Face Value | Rs 10 |
| Price Band | Rs.610 to Rs.642 |
| Listing At | BSE, NSE |
| Min. Order Quantity | 23 Shares |
| Listing Date | Jun 3, 2022 |
| Offer for Sale | Rs.181.04 crore |
| Fresh Issue | Rs.627.00 crore |
| IPO Size | Rs.808.04 crore |
| Tick Size | 1 |
Aether Industries IPO Overview
Based in Surat, Aether Industries Limited is an advanced intermediate and specialty chemical producing entity.
They serve a variety of sectors and entities with their products formulated through complex and differentiated chemistry and technology.
Aether Industries IPO is Rs. 1000 crore IPO. The IPO offer comprises a Fresh Issue of equity shares worth Rs. 627 crore and an Offer for Sale of about 27,51,000 equity shares.
The IPO will open on May 24 and will remain open till May 26. The IPO Price Band is set in between Rs. 610 – Rs. 642 per share.
Aether Industries IPO Important Dates
| Events | Date |
| IPO Opening Date | May 24, 2022 |
| IPO Closing Date | May 26, 2022 |
| Basis of Allotment Finalization | May 31, 2022 |
| Refunds Initiation | Jun 1, 2022 |
| Credit of Shares to Demat Account | Jun 2, 2022 |
| Share Listing Date | Jun 3, 2022 |
Aether Industries IPO Date is not declared by the company till now. The information in this respect will be provided soon.
Aether Industries has filed the DRHP with SEBI in order to obtain its approval. The company will process further towards launching the IPO after the approval. The equity shares of the company are proposed to be listed on NSE and BSE.
An IPO date is determined based on various factors affecting the performance of an IPO in the market. Companies observe the activities of the market to determine IPO Date.
Aether Industries IPO Price, Size, Share Offerings
| Face Value | Rs.10 |
| Price Band | Rs.610 to Rs.642 |
| Offer for Sale | Rs.181.04 crore |
| Fresh Issue | Rs.627.00 crore |
| IPO Size | Rs.808.04 crore |
Through the approaching IPO, Aether Industries is gearing up to raise funds of Rs. 1000 crore. The face value of the offered shares is Rs. 10 each.
The IPO comprises of a fresh issue and an offer for sale. One of the promoters, Purnima Ashwin Desai will be offloading her shares in the IPO.
Aether Industries IPO Size and Aether Industries IPO Price will be decided by the company based on the various quantitative and qualitative factors.
It is important to note that as per the DRHP, the company may also consider a further issue of shares through a preferential offer of Rs.131 crores. If the preferential is successful, the IPO Offer will be reduced to such an extent.
Aether Industries IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| 6 June 2022 | Rs. 15 | NA | NA |
| 3 June 2022 | Rs. 15 | NA | NA |
| 2 June 2022 | Rs. 15 | NA | NA |
| 1 June 2022 | Rs. 15 | NA | NA |
| 31 May 2022 | Rs. 15 | NA | NA |
| 28 May 2022 | Rs. 10 | NA | NA |
| 27 May 2022 | Rs. 10 | NA | NA |
| 26 May 2022 | Rs. 10 | NA | NA |
| 25 May 2022 | Rs. 10 | NA | NA |
| 24 May 2022 | Rs. 20 | NA | NA |
| 23 May 2022 | Rs. 10 | NA | NA |
| 21 May 2022 | Rs. 20 | NA | NA |
| 20 May 2022 | Rs. 20 | NA | NA |
| 19 May 2022 | Rs. 40 | NA | NA |
| 18 May 2022 | NA | NA | NA |
| 17 May 2022 | NA | NA | NA |
Another essential factor in an IPO is the Grey Market Premium. It is the sum at which the shares of the issuer company are traded in the Grey Market. It carries a great significance for the prospective investors of the company.
Though the trading in this market is unofficial, yet it acts as a driving force in the IPO. Aether Industries IPO GMP will be available after the IPO date is declared by the company.
Aether Industries IPO Subscription Status
| Day / Date | QIB | NII | Retail | EMP | Total |
|---|---|---|---|---|---|
| 1st Day – 24th May | 0.36x | 0.05x | 0.42x | 0.54x | 0.33x |
| 2nd Day -25th May | 0.39x | 0.16x | 0.67x | 0.93x | 0.49x |
| 3rd Day – 26th May | 17.57x | 2.52x | 1.14x | 1.06x | 6.26x |
| Shares Offered or Net Issue | 2,748,241 | 1,947,222 | 4,543,517 | 117,213 | 9,356,193 |
Aether Industries IPO Subscription has not been determined yet. The subscription will be open for a minimum of 3 days and for a maximum of 10 days. The complete issue process will take place as per the regulations led by SEBI in this regard.
Subscription is the step in the IPO process where the investors place their bids. They place the bids within the price band provided by the company in Red Herring Prospectus.
Subsequently, the price and basis of allotment are determined by the entity.
The Lead Managers of the issue are:
- HDFC BANK LIMITED
- KOTAK MAHINDRA CAPITAL COMPANY LIMITED
The details in respect of the price band and subscription will be made available in a short time.
Aether Industries IPO Allotment Status
Aether Industries IPO Allotment will be determined after receiving all the bids from the public.
The Lead Managers of Aether Industries IPO are HDFC Bank Limited and Kotak Mahindra Capital Company Limited.
The Registrar to the issue is Link Intime India Private Limited.
Aether Industries IPO Live Performance
Stay updated with the Aether Industries IPO Performance. Go to the link given below and know the prevalent Aether Industries IPO Price.
Subscribe to Aether Industries IPO – Open Free Demat Account Now!
Latest Aether Industries IPO News
Aether Industries is preparing to open the IPO on May 24. The IPO will be open till May 26. The price band of the IPO is Rs. 610 – Rs. 642. The Anchor Investor bid will open on May 23.
Aether Industries Limited will be raising Rs. 808 crore from the Initial Public Offering (IPO). The IPO comprises a fresh issue and an offer for sale.
The company has cut the earlier size of the IPO following the pre-IPO placement of Rs. 130 crore. The proceeds of the IPO will be applied toward fulfilling the capital expenditure requirements for implementing a new project in Surat, Gujarat.
Aether Industries – Company Review
Aether Industries Limited started its operations in 2013. The company is registered in Gujarat as a speciality chemicals company.
The manufacturing company produces advanced intermediates and specialty chemicals with the involvement of complex and differentiated chemistry and technology core competencies.
Aether Industries is driven towards creating a niche in the global market and emerge as a leader with its high-class and distinct approaches towards chemistry, technology, and systems.
Products or Services
Aether Industries offers a wide range of 22 products. The company is consistently designing and providing solutions to various institutions.
The company spends a sustainable sum of its resources on Research and Development. Presently, the company has a specialized team of scientists and chemical engineers comprising of 141 members.
To offer seamless efficiency in operations, Aether Industries has set 2 manufacturing facilities in Gujarat spanning around 3,500 sq mts and 10,500 sq mts respectively.
Promoters and Holding
The Promoters of Aether Industries are:
- Ashwin Jayantilal Desai
- Purnima Ashwin Desai
- Rohan Ashwin Desai
- Aman Ashwin Desai
- AJD Family Trust
- PAD Family Trust
- RAD Family Trust
- AAD Family Trust
- AAD Business Trust
The management of the company comprises of:
- Ashwin Jayantilal Desai holds the position of Managing Director
- Purnima Ashwin Desai holds the position of Whole-time Director
- Rohan Ashwin Desai holds the position of Whole-time Director
- Aman Ashvin Desai holds the position of Whole-time Director
- Kamalvijay Ramchandra Tulsian holds the position of Chairperson and Non-Executive Director
- Ishita Surendra Manjrekar holds the position of Non-Executive Director
- Arun Brijmohan Kanodiya holds the position of Non-Executive Independent Director
- Jeevan Lal Nagori holds the position of Non-Executive Independent Director
- Leja Satish Hattiangadi holds the position of Non-Executive Independent Director
- Amol Arvindrao Kulkarni holds the position of Non-Executive Independent Director
- Rajkumar Mangilal Borana holds the position of Non-Executive Independent Director
- Jitendra Popatlal Vakharia holds the position of Non-Executive Independent Director
- Faiz Arif Nagariya holds the position of Chief Financial Officer
Is Aether Industries good for Investment?
The nine-year-old company Aether Industries has proved to be amongst well-built organizations in the industry with its large capacity and in-depth Research and Development speciality. The company undertakes continuous improvement in R&D.
Alongside its two established manufacturing units, Aether Industries is also setting up two more units and the same will be functioning by the end of the financial year 2022.
The company aims at sustainable growth and becoming a leader in the global market with its diversified portfolio.
Aether Industries IPO will be a good opportunity for the company to sustain its viability and growth.
Aether Industries Financial Statements
| Amount (in INR & Million) | |||||
| 31-Dec-21 | 31-Dec-20 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Assets | 7,095.61 | 4,000.95 | 4,529.44 | 3,004.67 | 2,066.75 |
| Revenue | 4,493.15 | 3,373.41 | 4,537.89 | 3,037.81 | 2,032.77 |
| Expense | 3,380.03 | 2,738.84 | 3,599.83 | 2,472.74 | 1,706.80 |
| Profit After Tax | 829.06 | 482.54 | 711.19 | 399.56 | 233.35 |
Aether Industries clocked a total revenue of Rs. 4,493.15 million in the nine months for the financial year 2021-22, and profit after tax for the same period was Rs. 829.06 million. The company has reflected drastic growth in revenue and profit with every year.
Aether Industries serves some of the key players in the industry, and a large portion of its revenues is generated from these entities. The company maintains long-term customer relationships.
Now, with Aether Industries IPO, the company will sustain its operations and growth. The IPO proceeds will be utilized towards fulfilling current working capital requirements and ensuring continuous growth over the years.
| Earnings per Equity Share (in Million) | |||||
| 31-Dec-21 | 31-Dec-20 | Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 7.45 | 5.12 | 7.36 | 4.24 | 2.48 |
The company’s EPS for the year 2021 was Rs. 7.45, which has grown from that of past years.
Aether Industries IPO Review
The proposed Rs. 1000 crore Aether Industries IPO is the main board IPO. The company will be utilizing the proceeds of the Fresh Issue towards prepayments and repayments of the debts availed by it.
Further, the company will be funding capital expenditure of manufacturing facility for the proposed Greenfield Project.
The IPO will harness the operations and opportunities of the company. The company has strong customers comprising of over 130 multinational, global, regional, and local companies.
The company in its journey of 9 years has set global footprints and has a presence in 17 countries as of September 2021.
Aether Industries IPO Details
Here are a few more details you need to know before investing in Aether Industries IPO –
Aether Industries IPO Issue Object
Aether Industries has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company;
- Funding capital expenditure requirements for our manufacturing facility (“Proposed Greenfield Project”);
- Funding working capital requirements of our Company; and
- General corporate purposes.
Aether Industries IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Differentiated portfolio of market-leading products
- Focus on R&D to leverage our core competencies of chemistry and technology
- Long-standing relationships with a diversified customer base
- Synergistic Business Models focused on Large Scale Manufacturing, CRAMS and Contract Manufacturing
- Focus on Quality, Environment, Health, and Safety (QEHS)
- Strong and consistent financial performance
- Experienced Promoters and Senior Management with extensive domain knowledge
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 7.36 | 40.79 | 20.85 |
| 31-Mar-20 | 4.24 | 51.04 | – |
| Mar-19 | 2.48 | 60.54 | – |
Aether Industries IPO Lead Managers
Here is the list of Lead managers –
- HDFC BANK LIMITED
- KOTAK MAHINDRA CAPITAL COMPANY LIMITED
Aether Industries IPO Registrar to offer
Check out the details of the registrar here –
LINK INTIME INDIA PRIVATE LIMITED
C 101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli (West), Mumbai 400 083
Maharashtra, India
Telephone: +91 22 4918 6200
E-mail: aether.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance e-mail: aether.ipo@linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI registration number: INR000004058
Aether Industries IPO – Other Details
- Statutory Auditor – M/s. Birju S. Shah & Associates
- Legal Counsel to the Company – J. Sagar Associates
- Bankers to the Company – HDFC Bank Limited, State Bank of India
Aether Industries IPO Verdict by Stock Brokers
The specialty chemical manufacturer Aether Industries Limited will open the IPO on May 24. The company serves multiple industries, including agrochemical, pharmaceutical, electronic chemistry, oil & gas industries, material science, etc. The company has a strong financial record and has been growing at a high pace ever since its inception in the market.
Post the IPO, the shareholding of the promoters will be reduced, and the participation of the public will materialistically increase.
The company has progressive plans for the IPO, and investment in the company can be a good decision at this time.
Aether Industries IPO – Conclusion
Aether Industries is working in a growing but hazardous industry. The company has diversification opportunities entailed with general industry and business-related risks.
The company is setting up two more units which will expand its operations to a large scale. The industry is also distinctive and attractive.
The investors may consider investing in the company as a long-term investment prospect and further details will be revealed after the Aether Industries IPO Review from top stock brokers and respective dates.
To Subscribe to Aether Industries IPO – Open Demat Account Now!
Aether Industries IPO Review FAQs
Check out the FAQs on Aether Industries IPO –
What is the Issue Size of Aether Industries IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Aether Industries IPO?
The price band for this particular IPO ranges between Rs.610 to Rs.642. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Aether Industries IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on May 24, 2022, while the closing date is set at May 26, 2022.
What is the Aether Industries IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on May 31, 2022, refund initiation is on Jun 1, 2022, credit of shares is on Jun 2, 2022, and share listing date is on Jun 3, 2022.
What is the Aether Industries IPO Listing Date?
Shares of this company shall be listed in the exchanges Jun 3, 2022. The date, when the listing would be done, is stagnant on Jun 3, 2022.
Who is the Registrar of Aether Industries IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Aether Industries IPO?
Here are the promoters of this IPO -: 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. Y
ou can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Aether Industries IPO?
They have obtained the GMP of this IPO and it is 15. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Aether Industries IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Aether Industries Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year 2021 in Million is 711.19, 2020 is 399.56, 2019 is 233.35. PAT from Dec 2021 is 829.06.
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