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Aether Industries IPO Listing Price Estimate : Click

Aether Industries Grey Market News Today #
Updated On 2 June 2022 @ 10.30 pm  
Grey Market Premium Rs. 40/42
(NII Interest cost @ 12% Rs 4)
Allotted Application Rates :Rs. –

On 26.05.2022 @ 5.00 pm ( Day 3)
QIB : 27,48,241 Sh : 17.57 T
NII : 19,47,222 Sh : 2.52 T
RII : 45,43,517 Sh : 1.14 T
Emp: 117,217 Sh 1.06 T
Tot: 93,56,193 Sh : 6.25 T

Aether Industries IPO Guidance : Click

Aether Industries Company Details
Aether Industries Limited is a speciality chemical manufacturer in India focused on producing advanced intermediates and speciality chemicals involving complex and differentiated chemistry and technology core competencies. Its business was started in 2013 .The revenue generation operations commenced with its second phase in Fiscal 2017.

It is one of the fastest growing specialty chemical companies in India, growing at a CAGR of nearly 49.5% between Fiscal 2019 and Fiscal 2021. According to Frost & Sullivan, chemical companies usually have a single or a couple of chemistry competencies for their entire product portfolio; however, it has eight chemistry competencies to use for its wide array of products, which enables it to cater to niche and advanced intermediate requirements of a wider range of end-products and applications.
All these competencies have been developed inhouse, which is one of the core strengths of its R&D team. It has three business models under which it operates: (i) large scale manufacturing of its own intermediates and speciality chemicals; (ii) contract research and manufacturing services (“CRAMS”) and (iii) contract/exclusive manufacturing.

In the view of Frost & Sullivan, it is among the few Indian specialty chemical companies to have successfully launched these three separate business models in just 5 years into commercial manufacturing. It has a nuanced criteria for choosing its products based on their chemical complexity, niche applications, limited competition, scalability and commercial potential. Using these criteria, we developed, and continue to develop, advanced intermediates and speciality chemicals products having applications in the pharmaceutical, agrochemicals, material science, coatings, high performance photography, additives and oil & gas segments of the chemicals industry.

As of September 30, 2021, its product portfolio comprised over 22 products. In CY2020, it was the sole manufacturer in India of 4MEP, MMBC, T2E, OTBN, NODG, DVL and Bifenthrin Alcohol, and it was largest manufacturers in the world by volume for 4MEP, T2E, NODG and HEEP. . It specializes in products based on an intricate marriage of complex chemistry and technology core competencies
For more information, click www.aether.co.in

The Promoters of Aether Industries
Ashwin Jayantilal Desai ,Purmima Ashwin Desai, Rohan Ashwin Desai, Dr Aman Ashvin Desai ,AJD Family Trust , PAD Family Trust , RAD Family Trust , AADFamily Trust & AAD Business Trust

Aether Industries IPO Main Objects
The Offer comprises the Fresh Issue by the Company and an Offer for Sale by the Selling Shareholders.
The Company proposes to utilise the Net Proceeds of the Fresh Issue towards funding of 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;

Aether Industries IPO Details
IPO opens on 24 May , 2022
IPO closes on 26 May ,2022
Issue Type: Book Built Issue IPO
Issue : up to 12586355 Shares /Rs 808.04 Crore
* Fresh Issue of 97,66,355 Sh/ Rs.627 Cr
* Offer for Sale Up to 28,20,000 Sh/ Rs 181.04 Cr

Face Value per share : Rs. 10

Aether Industries IPO Price Band Per Equity Share: Rs. 610 to 642
Aether Industries IPO Retail Lot Size 23 Shares
Aether Industries Listing will at BSE,NSE

Shares offered to
QIB (50%) 6237492 Shares = Rs 400.45 Cr
NII (15%) 1871248 Shares = Rs 120.13 Crs
RII (35%) 4366244 Shares = Rs 280.31 Crs
Emp(?%) 111371 Shares = Rs 7.15 Crs
Lot size: 23 Shares = 189836 Forms
Min Retail Application : 23 Sh , Rs. 14766
Max Retail Application : 299 Sh, Rs 191958

Aether Industries IPO Tentative timeTable
IPO opens on 24 May , 2022
IPO closes on 26 May ,2022
IPO Allotment on 31 May 2022
Unblocking of ASBA 1 June 2022
Credit to Demat Accounts 2 June 2022
Listing on 3 June 2022

Aether Industries IPO Financial & Analytical Ratios
Earnings per Share 2019-20 Rs 4.24
Earnings per Share 2020-21,Rs 7.36
Earnings per Share 2021-22 9M Rs 7.45
Return on Net Worth: 19-20 51.04 %
Return on Net Worth: 20-21: 40.79 %
Return on Net Worth: 21-22 9M : 23.01 %
Equity Shares prior to the IPO : 112,691,397 Shares
Book Value of the Share as on 31.12.2021 Rs 31.97
NAV per Equity Share after the Offer (?)
Ratio Analysis
Upper Price Band/last EPS:
Upper offer price/Book Value Ratio
Upper offer price/BV after IPO Ratio:

Aether Industries IPO Peer Comparison:
Clean Science @ PE Multiple of 100.08
Navin Fluorine @ PE Multiple of 73.96
Vinati Organics @ PE Multiple of 74.96
P I Industries @ PE Multiple of 55.62
Fine Organics @ PE Multiple of 112.10

Aether Industries IPO Lead Managers
HDFC Bank, Kotak Mahindra Capital
Registrar to Aether Industries IPO
Linkintime India Pvt Ltd.

Registered Office of Aether Industries
Plot No. 8203, GIDC, Sachin, Surat- 394230
Company Secretary & Compliance Officer : Chitrarth Rajan Parghi,

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