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Aether Industries' Rs 800 crore IPO opens today. Should you subscribe?

Analysts believe that Aether's multiple chemistry competencies to use for a wide array of products makes it a distinguished market player compared to other chemical companies

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Illustration by Binay Sinha

Lovisha Darad New Delhi
Specialty chemical manufacturer Aether Industries' initial public offering (IPO) will hit primary markets on Tuesday, May 24. The three-day public issue will close on Thursday, May 26. With a price band fixed at Rs 610-642 per share, the company plans to raise Rs 808.04 crore via the IPO. While 50 per cent of the issue is reserved for qualified institutional buyers (QIB), retail investors and non-institutional investors’ comprise 35 per cent and 15 per cent of the issue, respectively.

The Gujarat-based company focuses on producing advanced intermediaries and specialty chemicals that involve complex and differentiated chemistry with technology as core

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First Published: May 23 2022 | 3:01 PM IST

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