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Aether IPO

Aether Industries Ltd.

₹14,030 /23 sharesMinimum Investment

Aether IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
BSE & NSE₹642.00₹704.00₹62.00 (9.66%)

Aether IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
24 May ‘22 - 26 May ‘22₹14,03023₹610 - ₹642
Issue SizeIPO Doc
808.00Cr
RHP PDF

Subscription Status As on 26 May '22, 5:00 PM

  • Retail Individual Investor
    1.14x
  • Non-Institutional Investor
    2.52x
  • Qualified Institutional Buyers
    17.57x
  • Employees
    1.06x
  • Total
    6.26x

About Aether

Aether Industries is ​​a specialty chemical manufacturer. It produces advanced intermediates and specialty chemicals inv
Parent Organisation
Aether Industries Ltd.
Founded
2013
Managing Director
Ashwin Jayantilal Desai

Strengths & Risks

  • High growth industry - the global chemicals market is expected to grow at a CAGR of 6.2% from 2020 to 2025.
  • Differentiated portfolio of products
  • In-house research and development capabilities
  • Long-standing relationships with a diversified customer base
  • Business models focused on large-scale manufacturing, contract research and manufacturing services, and contract manufacturing.
  • Automated manufacturing facilities
  • Revenue from operations have increased at a CAGR of 49.53% from Rs 201.18 crore in the financial year 2019 to Rs 449.82 crore in the financial year 2021.
  • Received certificate of ISO 14001 for Environment and ISO 45001 for Occupational Safety and ISO 27000 certification.
  • Subject to certain risks consequent to operations involving the manufacture, usage, and storage of various hazardous substances.
  • The company derives a significant part of its revenue from major customers and it does not have long-term contracts with all of these customers.
  • Reliance on certain industries for a significant portion of sales could have an adverse effect on the business.
  • Exchange rate fluctuations may adversely affect the results of operations as sales from exports and a portion of the company’s expenditures are denominated in foreign currencies.
  • The company does not have long-term agreements with raw material suppliers.
  • All manufacturing facilities are located in Gujarat exposing the company to regulatory and other geography-specific risks.
  • Pending litigations against the company and certain of its directors.
  • The company is entitled to certain export incentives for a specified period of time - expiry or early withdrawal can affect the business.
  • The company has unsecured loans which are repayable on demand.
  • The company has in the past entered into related party transactions and may continue to do so in the future.
  • After the completion of the IPO, promoters will continue to collectively hold substantial shareholding in the company.
  • *The company commissioned and paid for an industry report from Frost & Sullivan (F&S) specifically for the purpose of the IPO.

Financials

*All values are in Rs. Cr
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