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Aether Ind IPO subscribed 49% a day before close on sparse overall interest

apkconnex by apkconnex
May 25, 2022
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Aether Industries’ preliminary public providing (IPO) was solely half lined a day before its close. The institutional investor portion of the problem was subscribed 39 per cent, excessive networth particular person portion 16 per cent and retail portion 67 per cent.


Aether Industries is a producer of superior intermediates and energetic elements, catering to the pharma and speciality chemical industries. The firm is trying to elevate Rs 627 crore of contemporary capital via the IPO. The difficulty additionally includes secondary share sale price Rs 181 crore.



The worth band for the problem is Rs 610-642 per share. At the top-end, Aether is valued at almost Rs 8,000 crore on a post-dilution foundation. The top-end of the worth band is 75.6 occasions its trailing 12-month earnings per share of Rs 8.5. Peers Clean Science & Technology and Fine Organic are buying and selling at P/E a number of of 82.7x and 80.2x, respectively, as per analysts.

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