Speciality chemicals company Aether Industries IPO made a strong debut on listing today on 3rd June 2022. The company’s shares opened at a 10% premium at around Rs. 706/- from its issue price of Rs. 642/- per equity share. The company’s stock listed at Rs. 704/- on NSE and at Rs. 706.15/- on BSE.
Aether Industries was incorporated on 23rd January 2013, which makes products for sectors like pharmaceuticals, specialty chemicals, agrochemicals, electronic chemicals, high-performance photography chemicals and material sciences. Apart from speciality chemicals, Aether also carries out contract manufacturing and is one of the fastest growing company in India in the speciality chemical segment. Aether had a production capacity of 6,096 metric tons as of March 31, 2021.
IPO details of Aether Industries :
Face Value. : Rs 10 per equity share
IPO Price. : Rs 610-642 per equity share
IPO Lot Size : Minimum of 23 equity shares in one lot & in multiples thereafter
Issue Size. : Rs 808.04 Cr
IPO opening : 24th May – 26th May 2022