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graph-market IPO

Aether Industries Ltd

Registered Office: Plot No 8203 GIDC,Sachin, Surat - 394230, Gujarat, India.
Phone : 91-261-6603360   Fax:
Email :  compliance@aether.co.in  
Website :  www.aether.co.in

Initial public offer of 12,586,355** equity shares of face value of Rs. 10 each ("Equity Shares") of Aether Industries Limited ("Company" or "Issuer") for cash at a price of Rs. 642 per equity share (including a share premium of Rs. 632 per equity share)("Offer Price") aggregating to Rs. 808.04 crores** ("Offer") comprising a fresh issue of 9,766,355** equity shares aggregating to Rs. 627.00 crores* by the company (the "Fresh Issue") and an offer for sale of 2,820,000** equity shares by Purnima Ashwin Desai (the "Promoter Selling Shareholder") aggregating to Rs. 181.04 crores** ("Offer for Sale" and such equity shares, the "Offered Shares"). The offer includes a reservation of 111,370** equity shares, aggregating to Rs. 7.15 crores**, for subscription by eligible employees (as defined herein) (the "Employee Reservation Portion"). The employee reservation portion shall not exceed 0.09% of the post offer paid-up equity share capital the offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 10.11% and 10.02%, respectively, of the post-offer paid-up equity share capital of the company. *The company, in consultation with the brlms, has undertaken a private placement of 2,024,921 equity shares aggregating to Rs. 130.00 crores ("pre-ipo placement"). The size of the fresh issue of equity shares has been adjusted pursuant to the pre-ipo placement. ** Subject to finalization of the basis of allotment The face value of the equity shares is Rs. 10 each. The offer price is 64.20 times the face value of the equity shares.

Issue Money Payable On
Opens On Closes On Application Allotment
24-May-22 26-May-22 642.00-0.00 0.00-0.00
Minimum Application for shares in Nos : 23   Further Multiples of : 23
  Rs Cr Lead Managers to the Issue
Project Cost 593.46 HDFC Bank Ltd
Project Financed through Current Offer 808.04  
Post Issue Equity Share Capital 124.48  
Issue Price 642.00  

Projects

  • Funding Capital Expenditure Requirements for the Proposed Greenfield Projects
  • Prepayment or Repayment of all or a Portion of Certain Outstanding Borowings Availed by the Company
  • Funding Working Capital Requirements of the Company
  • General Corporate Purposes

Promoted By

Ashwin Jayanilal Desai

Purnima Ashwin Desai

Rohan Ashwin Desai

Listing At

BSE

NSE

Registrar to the Issue

No Data Available

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