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Aether Industries IPO is a book build issue of ₹808.04 crores. The issue is a combination of fresh issue of 0.98 crore shares aggregating to ₹627.00 crores and offer for sale of 0.28 crore shares aggregating to ₹181.04 crores.
Aether Industries IPO bidding started from May 24, 2022 and ended on May 26, 2022. The allotment for Aether Industries IPO was finalized on May 31, 2022. The shares got listed on BSE, NSE on Jun 3, 2022.
Aether Industries IPO price band is set at ₹642.00 per share . The lot size for an application is 23. The minimum amount of investment required by an retail is ₹14,030 (23 shares). The lot size investment for sNII is 14 lots (322 shares), amounting to ₹2,06,724, and for bNII, it is 68 lots (1,564 shares), amounting to ₹10,04,088.
The issue includes a reservation of up to 1,11,370 shares for employees offered at a discount of ₹0.00 to the issue price.
HDFC Bank Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Aether Industries IPO RHP for detailed Information.
| IPO Date | May 24, 2022 to May 26, 2022 |
| Listing Date | June 3, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹610 to ₹642 per share |
| Issue Price Final | ₹642 per share |
| Lot Size | 23 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,25,86,355 shares (aggregating up to ₹808.04 Cr) |
| Fresh Issue | 97,66,355 shares (aggregating up to ₹627.00 Cr) |
| Offer for Sale | 28,20,000 shares of ₹10 (aggregating up to ₹181.04 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 11,47,16,318 shares |
| Share Holding Post Issue | 12,44,82,673 shares |
Aether Industries IPO offers total 1,25,86,355 shares. Out of which 62,37,492 (49.56%) allocated to QIB, 24,94,997 (19.82%) allocated to QIB, 18,71,248 (14.87%) allocated to NII, 43,66,245 (34.69%) allocated to RII and 37,42,495 (29.73%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 62,37,492 (49.56%) | NA |
| − Anchor Investor Shares Offered | 37,42,495 (29.73%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 24,94,997 (19.82%) | NA |
| NII (HNI) Shares Offered | 18,71,248 (14.87%) | NA |
| − bNII > ₹10L | 12,47,499 (9.91%) | 3,874 |
| − sNII < ₹10L | 6,23,749 (4.96%) | 1,937 |
| Retail Shares Offered | 43,66,245 (34.69%) | 1,89,836 |
| Employee Shares Offered | 1,11,370 (0.88%) | NA |
| Total Shares Offered | 1,25,86,355 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Aether Industries IPO raises ₹240.27 crore from anchor investors. Aether Industries IPO Anchor bid date is May 23, 2022. Aether Industries IPO Anchor Investors list
| Bid Date | May 23, 2022 |
| Shares Offered | 37,42,495 |
| Anchor Portion Size (In Cr.) | 240.27 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 30, 2022 |
| Anchor lock-in period end date for remaining shares (90 Days) | August 29, 2022 |
Aether Industries IPO opens on May 24, 2022, and closes on May 26, 2022.
| IPO Open Date | Tue, May 24, 2022 |
| IPO Close Date | Thu, May 26, 2022 |
| Tentative Allotment | Tue, May 31, 2022 |
| Initiation of Refunds | Wed, Jun 1, 2022 |
| Credit of Shares to Demat | Thu, Jun 2, 2022 |
| Tentative Listing Date | Fri, Jun 3, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, May 26, 2022 |
Investors can bid for a minimum of 23 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 23 | ₹14,766 |
| Retail (Max) | 13 | 299 | ₹1,91,958 |
| S-HNI (Min) | 14 | 322 | ₹2,06,724 |
| S-HNI (Max) | 67 | 1,541 | ₹9,89,322 |
| B-HNI (Min) | 68 | 1,564 | ₹10,04,088 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 products in the world by volume.
Competitive Strengths
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-19 | 206.68 | 203.28 | 23.34 |
| 31-Mar-20 | 300.47 | 303.78 | 39.96 |
| 31-Mar-21 | 452.94 | 453.79 | 71.12 |
| 31-Dec-21 | 709.56 | 449.32 | 82.9 |
| Amount in ₹ Crore | |||
The market capitalization of Aether Industries IPO is ₹7991.79 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 72.3 |
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
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.
[Dilip Davda] AIL has posted steady growth in its top and bottom lines for the reported periods. Based on the financial parameters, the issue is fully priced but is worth considering for medium to long term rewards considering its future bright prospects. Well informed investors may park funds with a perspective of medium to long term rewards. Read detail review...
| Listing Date | June 3, 2022 |
| BSE Script Code | 543534 |
| NSE Symbol | AETHER |
| ISIN | INE0BWX01014 |
| Final Issue Price | ₹642 per share |
| BSE Listing Group | B |
Aether Industries Ltd.
Plot No. 8203,
GIDC, Sachin,
Surat- 394230
Surat, Gujarat
Phone: +91 261 660 3360
Email: compliance@aether.co.in
Website: https://aether.co.in/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: aether.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Aether Industries IPO is a main-board IPO of 1,25,86,355 equity shares of the face value of ₹10 aggregating up to ₹808.04 Crores. The issue is priced at ₹642 per share. The minimum order quantity is 23.
The IPO opens on May 24, 2022, and closes on May 26, 2022.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Aether Industries IPO using UPI as a payment gateway. Zerodha customers can apply in Aether Industries IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Aether Industries IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Aether Industries IPO opens on May 24, 2022 and closes on May 26, 2022.
Aether Industries IPO lot size is 23, and the minimum amount required for application is ₹14,766.
You can apply in Aether Industries IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Aether Industries IPO will be done on Tuesday, May 31, 2022, and the allotted shares will be credited to your demat account by Thursday, June 2, 2022. Check the Aether Industries IPO allotment status.
The Aether Industries IPO listing date is on Friday, June 3, 2022.
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