Use app for best experience!
Available for Android Device.

Aether Industries Limited IPO Detail

Aether Industries Limited IPO Detail

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

  • Differentiated portfolio of market-leading products.
  • Focus on R&D to leverage the 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.

Company Promoters

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

IPO Details

The below given IPO details are not confirmed yet by the officials. We will make the changes according to the official announcements. Stay tuned for the updates.

IPO Opening DateMay 24, 2022
IPO Closing DateMay 26, 2022
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price ₹610 - 642 per equity share
Market Lot23 Shares
Min Order Quantity23 Shares
Listing AtBSE, NSE
Issue Size₹808.04 Cr
Fresh Issue₹627.00 Cr
Offer for Sale2,820,000 shares of ₹10
Retail Portion 35%

IPO Subscription (Bidding Detail)

Day 1 0.36x 0.06x 0.42x 0.54x - 0.33x
Day 2 0.39x 0.16x 0.67x 0.94x - 0.49x
Day 3 17.58x 2.52x 1.15x 1.06x - 6.25x

IPO Tentative Timetable

The Aether Industries Limited IPO open date is May 24, 2022, and the close date is May 26, 2022. The issue may list on Jun 03, 2022.

IPO Open DateMay 24, 2022
IPO Close DateMay 26, 2022
Basis of Allotment DateMay 31, 2022
Initiation of RefundsJun 01, 2022
Credit of Shares to Demat AccountJun 02, 2022
IPO Listing DateJun 03, 2022

IPO Lot Size

The Aether Industries Limited IPO market lot size is 23 shares. A retail-individual investor can apply for up to 13 lots (299 shares or ₹191958).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding96.97%
Post Issue Share Holding

Company Financials:

For the year/period ended (₹ in Million)

Financial Year Total Assets Total Revenue Profit After Tax
31-Dec-21 7,095.61 4,493.15 829.06
31-Dec-20 4,000.95 3,373.41 482.54
31-Mar-21 4,529.44 4,537.89 711.19
31-Mar-20 3,004.67 3,037.81 399.56

Objects of the Issue:

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.

Aether Industries Limited IPO Registrar:

Link Intime India Private Ltd

Aether Industries Limited IPO Lead Manager(s):

HDFC Bank Limited. Kotak Mahindra Capital Company Limited.

Company Contact Information:

Aether Industries Limited

Plot No. 8203,

GIDC, Sachin,

Surat- 394230