Aether Industries IPO: The IPO of Aether Industries IPO will be open tomorrow on Tuesday. The chemical company aims to raise Rs 808.04 crore from its IPO. The company’s shares are expected to be listed on BSE and NSE on June 3.
Aether Industries IPO: Tomorrow, on Tuesday, May 24, the IPO of specialty chemical maker Aether Industries (Aether Industries IPO) will be open. There will be time till 26th May to invest money in this issue i.e. this IPO will close on 26th May. The company’s shares are expected to be listed on BSE and NSE on June 3.
The goal of the chemical companyIPO808.04 crore to be raised from Out of 808.04 crores, the company will raise Rs.627 crores from the sale of new shares, while the remaining Rs.181.04 crores is OFS. According to market experts, the shares of Ather Industries are available at a premium of Rs 21. The company has fixed the issue price at Rs 610-642 per share. For anchor investors, this IPO will open for bidding from May 23.
Size of this IPO also reduced
Considering the condition of the market, many IPOs are reducing their size. The size of this issue, which opened tomorrow, has also been reduced. According to a report by Financial Express, the company was about to issue new equity shares worth Rs 757 crore but now its size has been reduced to Rs 627 crore. Apart from this, 28.2 lakh equity shares will be sold by the promoters under the offer for sale.
50% of this IPO is reserved for qualified institutional investors. At the same time, 15 percent is reserved for non-institutional investors. 15% share is reserved for retail investors.
Listing will be on June 3
Investors can bid for at least 23 equity shares. According to the upper price of the price band, investors will have to invest at least Rs 14,766. Kotak Mahindra Capital Company and HDFC are the running lead managers to the issue. The company’s shares are expected to be listed on BSE and NSE on June 3.
