IPO

Aether Industries IPO

Mainboard

Chemicals

Listed On: Jun 3, 2022 at ₹ 704.0(NSE)

₹ 14766 /23 Shares

Check Allotment

24 May, 2022

Open Date

26 May, 2022

Close Date

31 May, 2022

Allotment Date

03 Jun, 2022

Listing Date
Price Summary

Last Closing

836.10 (30.23%)

52 Week High

938.50

52 Week Low

725.00

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹610-642 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price Total 800 Crores Approx : Fresh Issue : ₹627 Crores + OFS : 2,820,000 Shares
  • Listing at BSE, NSE
  • List Price 704.0(NSE)
  • Listing Date 2022-06-03
  • Lead Manager HDFC Bank Limited,Kotak Mahindra Capital Company Limited
  • Registrar Linkintime India Private Limited
IPO Details
  • Retail Portion 35% (Number of Retail Applications : 1,89,830 Approx)
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹610-642 per equity share, which has a face value of ₹10 Per Equity Share each, IPO bidding starts from May 24, 2022 and ends on May 26, 2022. The allotment for IPO will be finalized on May 31, 2022. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Jun 3, 2022. The company shall list its equity shares on the BSE, NSE. Linkintime India Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are HDFC Bank Limited,Kotak Mahindra Capital Company Limited.


The IPO sets its price band at 610-642 for each share. A single application for Aether Industries IPO must contain at least 23 shares.

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IPO Subscription Analysis And Details
Retail
1.14x
QIB
17.57x
NII
2.52x
Total
6.26x
As on QIB NII Retail Employee Total
Shares Offered / Reserved 27,48,241 19,47,222 45,43,517 1,17,213 93,56,193
Day 1 24-05-22 05:00 PM
0.36 x 0.05 0.42 x 0.54 x 0.32 x
Day 2 25-05-22 05:00 PM
0.39 x 0.16 0.67 x 0.93 x 0.49 x
Day 3 26-05-22 05:00 PM
17.57 x 2.52 1.14 x 1.06 x 6.26 x
Total No of Applications
185395
Valuations
Earnings Per Share (EPS) ₹5.71/-
P/E Ratio 112.47
RoNW 40.79%
Net Asset Value (NAV) - As on 31.12.21 ₹31.97
Company Financials
In Crs.
In Cr.
30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Assets 550.74 452.94 300.46 206.67
Revenue 295.65 453.78 303.78 203.27
Profit After Tax 57.50 71.11 39.95 23.33
About Company

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 September 30, 2021, Aether Industries Limited's product portfolio comprised over 22 products which were sold to over 30 global companies in 17 countries and to over 100 domestic companies. The company is the largest manufacturer of 4MEP, T2E, NODG and HEEP products in the world by volume.

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- Promoter(s)

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

Pre Issue Share Holding : 96.97%

Post Issue Share Holding : N/A%

IPO - Issue Objectives
1

Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.

2

Funding capital expenditure requirements for the manufacturing facility (Proposed Greenfield Project).

3

Funding working capital requirements of the Company.

4

General corporate purposes.

IPO - Anchor Investors

Ahead of IPO, Aether Industries garners Rs 240 cr from anchor investors.

A total of 25 funds have been allocated shares in the anchor round. This included Goldman Sachs, Nomura, SBI Mutual Fund (MF), Aditya Birla Sun Life MF, Kotak MF, Axis MF, IDFC MF and Tata MF.