Aether Industries Limited IPO

Aether Industries Limited IPO

Company Profile

Aether Industries Limited is a manufacturer of speciality chemicals, incorporated in 2013. The company is the exclusive chemical producer in India, such as 4-(2-Methoxyethyl) Phenol (4MEP), 3-Methoxy-2-Methylbenzoyl Chloride (MMBC), Thiophene-2-Ethanol (T2E), Ortho Tolyl Benzo Nitrile (OTBN), N-Octyl-D-Glucamine, Delta-Valerolactone and Bifenthrin Alcohol. The company has three business models: Large scale manufacturing of intermediates and speciality chemicals, CRAMS (contract research and manufacturing services) and Contract manufacturing.

In 2018 the company has Achieved annual revenues of Rs. 1,000 million, with which the company started its commercial production of another signature product OTBN. With that, they kept increasing their revenue to many folds till date.

Business Information

The majority of the products of Aether Industries are exported internationally to somewhat 18 countries including Italy, Spain, Germany, the United States, and other parts of the globe, based on its far reaching business model. Its revenue from exports increased at a CAGR of up to 58.56%, from ₹1,000.90 million in the year 2019 to ₹2,516.62 million in the fiscal year 2021. Its revenue from exports stood at ₹2,804.23 million just in the nine months ended December 31, 2021.

Facts About the Company
  • Aether's motive is to be strong and constant growth in its financial performance.
  • The R&D has always been the biggest approach for the company and focuses on the Quality, Environment, Health and Safety (QEHS) as well.
  • The company have experienced Promoters and the Management with substantial domain recognition.
  • Consistent in the market leading products.
  • Diversified and multiforms of customer base. 
Points to note before investing in Aether Industries Limited IPO
  • The purpose and objectives of the issue are to pay off the outstanding funding, capital expenditure, working capital, etc
  • From CY 2020 to CY 2025, the global chemicals market is expected to grow at a CAGR of 6.2%, and the India Speciality chemical market at a CAGR of 11.2%, according to officials
  • Aether Industries is mainly known for its in-house R&D Facilities. Also, pilot plant at manufacturing facility 1, at Sachin in Surat, in Gujarat for the development of its pipeline and the next-generation products
  • The company is fully equipped as well as has a specialized R&D team of around 164 scientists and engineers including PhD holder scientists and chemical engineers.

Opening Date
May 24, 2022
Closing Date
May 26, 2022
Issue Type
Book Built Issue IPO
Face Value
10 Per Equity Share
Issue Price
610-642 Per Equity Share
Lot Size
IPO Price
808.04 Cr
Listing At

Allotment, Listing & Refund Details

Finalization of Basis of Allotment
May 31, 2022
Initiation of Refunds
June 1, 2022
Credit of Equity Shares
June 2, 2022
Listing Date
June 3, 2022

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