Aether Industries IPO: In the coming days, if you have a plan to invest money in IPO, then chemical company Aether Industries is also bringing IPO. In this you can invest money from 24th May i.e. tomorrow. Tomorrow the company’s IPO will be open for subscription. The company is planning to raise around Rs 808 crore through this IPO. If you also have a plan to invest money, then check the details-
Aether Industries IPO
- When will IPO open – 24 May 2022
- When will the IPO close – 26 May 2022
- Price Band – Rs 610-642
- Lot Size – 23
- Minimum investment Rs.14030
- Issue Size – 808 Crore
When can the listing of shares take place?
Talking about the allotment of shares of the company, allotment of shares can be done on May 31. Apart from this, on June 3, the company can list shares on BSE and NSE.
Where will the funds be used?
The company said that the funds raised through the IPO will be used to repay the company’s debt, meet the capital expenditure of the proposed greenfield project in Surat, Gujarat and fund the working capital.
Who will be the lead judges?
In this IPO, investors can bid for a minimum of 23 equity shares followed by a multiple of 23. Talking about the lead managers, HDFC Bank and Kotak Mahindra Capital Company are the book running lead managers of the issue.
What is the business of the company?
Talking about the business of Aether Industries, the company does the work of making chemicals. It is the only company in the country to manufacture chemicals like 4MEP, MMBC, OTBN, N-octyl-D-glucamine, delta-valerectone and bifenthrin alcohol. Apart from this, the company sells 22 products in more than 17 countries worldwide. Apart from this, doing business with more than 100 companies in the domestic market.