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Open
24 May 2022
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Close
26 May 2022
3
Allotment
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Listing
Fri, Jun 3, 2022
Price Band
₹610 to ₹642
Issue Size
1,25,86,355 shares (agg. up to ₹808 Cr)
Lot Size
23 Shares
Listing Date
Fri, Jun 3, 2022
Latest GMP
₹55
Est. Gain
8.57%
✦ AI Insight
GMP Trend
03-06-2022₹55Est. ₹697+8.57%
02-06-2022₹35Est. ₹677+5.45%
01-06-2022₹15Est. ₹657+2.34%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 4.72x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2021 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 709.56 | 452.94 | 300.47 | 206.68 |
| Total Income | 449.32 | 453.79 | 303.78 | 203.28 |
| Profit After Tax | 82.90 | 71.12 | 39.96 | 23.34 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| HP Adhesives Ltd. | Mainboard | ₹125.96 Cr | ₹274 | null | ₹330.75 | +20.71% | ₹33.97 (-0.81%) |
| Tatva Chintan Pharma Chem Ltd. | Mainboard | ₹500.00 Cr | ₹1083 | null | ₹2,312.20 | +113.50% | ₹1,418.20 (+2.12%) |
| Clean Science & Technology Ltd. | Mainboard | ₹1,546.62 Cr | ₹900 | null | ₹1,585.25 | +76.14% | ₹768.35 (-0.44%) |
| Bhatia Colour Chem Ltd. | SME | ₹40.00 Cr | ₹80 | 166 | ₹42.00 | -47.50% | ₹42.42 (-3.59%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure requirements for the Proposed Greenfield Project | 163.00 |
| 2 | Prepayment or Repayment of all or a portion of certain outstanding borrowings availed by the Company | 137.90 |
| 3 | Funding working capital requirements of the Company | 165.00 |
| 4 | General Corporate Purposes | 127.56 |
| Total | 593.46 |
About Aether Industries IPO
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 pr
Contact Details
Aether Industries Ltd. AddressPlot No.8203GIDC, SachinSurat, Gujarat, 394230+91 261 660 3360compliance@aether.co.inVisit Website