Business

Aether Industries IPO price band fixed at ₹610-₹642

Aether Industries Ltd., has announced that its Initial Public Offering (IPO) will open on May 24 in the price band of ₹610- ₹642 per equity share

The offer will close on May 26. Minimum bid lot is 23 shares and in multiples of 23 thereafter. Pre-IPO placement of 2,024,921 shares aggregating to ₹130 crore has been made to IIFL Special Opportunities Fund- Series 9 and 10, SBI Fund Management Ltd., India Acorn Fund Ltd. and Ashoka India Equity Investment Trust Plc and The Regents of the University of California – IIFL Asset Management Ltd. The approximate IPO size is ₹ 808.04 crore which includes fresh issue of ₹ 627 crore and Offer for sale (OFS) of ₹181.04 crore.

Aether Industries is a speciality chemical manufacturer in India focused on producing advanced intermediates and speciality chemicals involving complex and differentiated chemistry and technology core competencies.

As of March 31, the company had a portfolio of over 25 products.


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Printable version | Jun 10, 2022 2:14:42 am | https://www.thehindu.com/business/aether-industries-ipo-price-band-fixed-at-610-642/article65431313.ece