Aether Industries was incorporated on January 23, 2013. It is a specialty chemical manufacturer in India focused on producing advanced intermediates and chemicals, involving complex and differentiated chemistry and technology as core competencies.
| Bidding Dates |
|---|
| 24 May 2022 - 26 May 2022 |
| Subscription |
|---|
| 6.26x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹14,766 | 1 | 13 | 23 | 12.6 M | ₹610 - ₹642 | 89.89 % | ₹7677.8 M - ₹8080.6 M | RHP DOC |
Aether Industries IPO SUBSCRIPTION STATUS
26 May '22Aether Industries IPO overall subscription rate was 6.26 times the total available shares
Aether Industries IPO retail subscription rate was 1.14 times in the retail segment
Aether Industries IPO non-institutional investor subscription rate was 2.52 times in the non-institutional investor category
Aether Industries IPO Qualified Institutional Bidder subscription rate was 17.57 times the available shares for Qualified Institutional Bidder
Aether Industries IPO Employees subscription rate was 1.06 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
26 May 2022 (Day 3) | 1.14x | 2.52x | 17.57x | 1.06x |
25 May 2022 (Day 2) | 0.67x | 0.16x | 0.39x | 0.93x |
24 May 2022 (Day 1) | 0.42x | 0.05x | 0.36x | 0.54x |
Aether Industries FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) | Margins |
| 9MFY22 | 829.06 | 4,425.44 | 24.04 | -503.62 | 28.47% |
| 9MFY21 | 482.54 | 3,340.90 | 318.89 | -458.34 | 22.91% |
| FY21 | 711.19 | 4,498.16 | 231.96 | -737.43 | 24.93% |
| FY20 | 399.56 | 3,018.06 | 176.95 | -107.98 | 23.78% |
| FY19 | 233.35 | 2,011.80 | 227.44 | 104.72 | 23.61% |
Aether Industries IPO SUBSCRIPTION STATUS DETAILS
Aether Industries had 12.6 M shares on offer
Aether Industries IPO offer price was in the range ₹610 - ₹642
Aether Industries IPO minimum Investment was ₹14766
Aether Industries IPO issue size was ₹ 7677.8 M - ₹ 8080.6 M
Aether Industries had a minimum lot size of 23 Shares per application
Aether Industries NUMBER OF SHARES ON OFFER
Aether Industries IPO IMPORTANT DATES
| Issue Open Date | 24 May 2022 |
| Issue close Date | 26 May 2022 |
| Allotment Date | 31 May 2022 |
| Refund Date | 01 Jun 2022 |
| Demat Account Credit Date | 02 Jun 2022 |
| Listing Date | 03 Jun 2022 |
| Listing on Exchange(s) | NSE and BSE |
| Aether Industries Allotment Status | Exchange |
Aether Industries IPO subscription opened on 24 May 2022, and closed on 26 May 2022
IPO allotment for Aether Industries was finalized on Tuesday, 31 May 2022
IPO listing for Aether Industries was on NSE and BSE on Friday, 03 Jun 2022
Aether Industries IPO LISTING GAINS
| Issue Price (adjusted) | 642.0 |
| Listing Open Price | 704.0 |
| Listing Close Price | 774.4 |
| Listing Gain% | 9.7% |
| Current Gain% | 147.9% |
Aether Industries Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Aether Industries Ltd. | 1591.6 | 19812.7 | 89.8 | 2.6 | 17.3 | 8.9 | 6.8 | 1181.1 | 34.2 | 219.5 | 38.5 | 17.7 | 34 |
| Pidilite Industries Ltd. | 1660 | 168953.2 | 63.8 | 3 | 11 | 22.6 | 15.9 | 14867 | 11.1 | 2448.9 | 17.9 | 26 | 21.4 |
| SRF Ltd. | 2615 | 77515.1 | 35.9 | 0.7 | 4.6 | 13.1 | 7.6 | 15893.6 | 7.2 | 1835.2 | 46.7 | 72.9 | 51.1 |
| Gujarat Fluorochemicals Ltd. | 4518.1 | 49631.3 | 85.9 | 14.7 | 9.9 | 7.3 | 4.9 | 5038 | 3.8 | 578 | 5.8 | 52.6 | 5.9 |
| Himadri Speciality Chemical Ltd. | 752.6 | 37975.8 | 47.5 | 1.6 | 7.6 | 16 | 11.9 | 4832 | 3.6 | 751.3 | 35.2 | 15.8 | 30 |
| Atul Ltd. | 6774 | 19943.9 | 25.1 | 0.4 | 3 | 10.9 | 8.6 | 6476.4 | 13.8 | 677.9 | 40.1 | 270.2 | 59.1 |
Aether Industries INFORMATION ON IPO ISSUE
About Aether Industries
Aether Industries was incorporated on January 23, 2013. It is a specialty chemical manufacturer in India focused on producing advanced intermediates and chemicals, involving complex and differentiated chemistry and technology as core competencies.
Object of the Issue
- Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company.
- Funding capital expenditure requirements for the manufacturing facility (Proposed Greenfield Project).
- Funding working capital requirements of the Company.
- General corporate purposes.
Aether Industries - PROMOTERS
| Name |
|---|
| Ashwin Jayantilal Desai |
| Purnima Ashwin Desai |
| Rohan Ashwin Desai |
| Aman Ashvin Desai |
| AJD Family Trust |
| PAD Family Trust |
| RAD Family Trust |
| AAD Family Trust |
| AAD Business Trust |
Aether Industries Book Running Lead Manager
HDFC Bank Limited
aetherindustries.ipo@hdfcbank.com
Kotak Mahindra Capital Company Limited
aetherindustries.ipo@kotak.com
Aether Industries Registrar to the Offer
Link Intime India Private Limited
aether.ipo@linkintime.co.in
Aether Industries Strengths
Differentiated portfolio
Differentiated portfolio of market-leading products
Focus on R&D
Focus on R&D to leverage the core competencies of chemistry and technology
Diversified customer base
Long-standing relationships with a diversified customer base
Synergistic Business Models
Synergistic Business Models focused on Large Scale Manufacturing, CRAMS and Contract Manufacturing
QEHS
Focus on Quality, Environment, Health, and Safety (QEHS)
Strong financial performance
Strong and consistency in financial performance
Experienced Promoters
Experienced Promoters and Senior Management with extensive domain knowledge of the industry and market
Aether Industries Risks
Involves hazardous substances
The company is subject to certain risks consequent to the operations involving the manufacture, usage, and storage of various hazardous substances
Significant revenue from few customers
The company derives a significant part of the revenue from major customers and does not have long term contracts with all of these customers
Contingent liabilities
The company's contingent liabilities could materially and adversely affect the business, operations, and financial condition
Long-term agreements with suppliers
The company does not have long-term agreements with suppliers for the raw materials. An increase in the cost of, or a shortfall in the availability or quality of such raw materials could have an adverse effect
IPO FAQs
This IPO consists of an offer for sale of up to Rs 181.0 crore, of 2,820,000 shares. It also consists of a fresh issue of Rs 627.0 crore.
The promoters of the company are Ashwin Jayantilal Desai, Purnima Ashwin Desai, Rohan Ashwin Desai, Aman Ashvin Desai, AJD Family Trust, PAD Family Trust, RAD Family Trust, AAD Family Trust and AAD Business Trust.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 610.0 - 642.0.
The IPO application opens on May 24, 2022 and closes on May 26, 2022.
The minimum lot size for the IPO is 23. The maximum lot size for the IPO is 299.
For all category investors, the minimum application amount for this IPO is Rs. 14,766.0, the maximum value for this IPO is Rs 191,958.0.
This IPO will be allotted on May 31, 2022.
The refund will be credited to your account on Jun 01, 2022.
The allotted shares will be credited to your demat on Jun 02, 2022.
Aether Industries Ltd.’s shares listed on the stock exchanges on Jun 03, 2022.