Aether Industries Limited – May 24 to 26

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Aether Industries Limited – May 24 to 26

May 20, 2022
Aether Industries Limited  – May 24 to 26

Aether Industries Limited is coming out with a fresh public issue to raise Rs 808.04 crores from the market.

Below are the details of the Aether Industries Limited IPO price, the Aether Industries Limited issue size and other such details :

  • Issue opens – May 24 (Tuesday)
  • Issue closes – May 26 (Thursday)
  • Issue size – Rs 808.04 crores
  • Price band – Rs 610 to 642 per equity share
  • Bid lot – 23 shares and in multiples thereof

And here are some details of the company and further details on the Aether Industries Limited issue.

Company details:

Aether Industries Limited started in 2013 is a speciality chemical manufacturer in India focused on producing advanced intermediates and speciality chemicals involving complex and differentiated chemistry and technology core competencies. They are one of the fastest growing specialty chemical companies in India, growing at a CAGR of nearly 49.5% between Fiscal 2019 and Fiscal 2021.

They are focused on the core competencies model of chemistry and technology. According to Frost & Sullivan, chemical companies usually have a single or a couple of chemistry competencies for their entire product portfolio; however, they have eight chemistry competencies to use for their wide array of products, which enables them to cater to niche and advanced intermediate requirements of a wider range of end-products and applications.

They operate under three business models:

(i)  large scale manufacturing of their own intermediates and speciality chemicals;

(ii) contract research and manufacturing services (“CRAMS”) and

(iii) contract/exclusive manufacturing.

As of March 31, 2022, their product portfolio comprised over 25 products. According to Frost & Sullivan, in CY2020, they were the sole manufacturer in India of 4MEP, MMBC, T2E, OTBN, NODG, DVL and Bifenthrin Alcohol.

Their products find application in a number of therapeutic segments in the pharmaceuticals industry including hypertension, anti-platelet, anti-psychotic, anti-histamine and nonsteroidal anti-inflammatory drugs (“NSAIDs”). Their products also find application in various other industries like agrochemicals, material science, coatings, high performance photography, additives and oil & gas.

Their sales of advanced intermediates and speciality chemicals products are predominantly conducted on a business-to-business basis both in India and internationally. A majority of their products are exported internationally, and they export products to 18 countries, including Italy, Spain, Germany, the United States and other parts of the world.

Issue size: Rs 808.04 crores


Employee Reservation

1,11,370 Equity shares aggregating to Rs. 7.15/- crs. @ upper price band


Issue break-up:

  • QIB – 50% of the offer – Rs 400.45 crores
  • NIB – 15% of the offer – Rs 120.13 crores
  • RET – 35% of the offer – Rs 280.31 crores

Listing: NSE and BSE

Registrar: Link Intime India Private Limited

UPI: All retail applications through brokers are compulsorily in UPI mode

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