Aether Industries IPO

How to check the Aether Industries IPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. This is also true in the case of the Aether Industries IPO. 

The Aether Industries IPO’s closing date is 26 May 2022. The Aether Industries IPO’s allotment date has been set five days later, on 1 June 2022.

Here’s a step-by-step guide on how to check the Aether Industries IPO allotment status:

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover page, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, you will find the ‘View all’ option
5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
6. In the ‘IPO’ tab, click on ‘My applications’ 
7. In ‘My applications’, under the History section, your allotment status will be mentioned

About Aether Industries IPO

India’s specialty chemical manufacturers have been gaining ground at the expense of their Chinese counterparts over the past few years. Chinese authorities’ decision to tighten the environmental norms has forced many chemical manufacturers in China to either shut shop or shift base. Hence, vendors across the world have been forced to look for an alternative. This trend, coupled with a revival of demand for end user segments, means Indian specialty manufacturers are expected to continue their upward trajectory. 

Against this backdrop, Aether Industries, which is a Gujarat-based specialty chemical company, is looking to raise capital through the IPO route. A part of the net proceeds from the fresh issue of Aether Industries Ltd IPO will be used for expanding the production capacity to meet increasing demand. 

Aether Industries is one of the fastest growing specialty chemical manufacturers in India. It is focused on manufacturing advanced intermediates and specialty chemicals. The company’s manufacturing process involves complex and differentiated chemistry and technology core competencies. Its products are used in various sectors including pharmaceutical, agrochemicals, material science, coatings, high performance photography, additives and oil & gas. As of 31 March 2022, its product portfolio comprises over 25 products. 

In fact, in 2020, it was the largest manufacturer of 4MEP (used in the pharma industry) globally with a market share of 28%.  

Now, this specialty chemical manufacturer is ready to make its debut on the stock exchanges. Aether Industries IPO will be open for subscription between 24 May 2022  and 26 May 2022. 

Here are some key details about the Aether Industries IPO: 

Financial snapshot 

Here’s a look at Aether Industries’ financial performance 

Here’s a quick look at Aether Industries IPO’s strengths, risks and threats

Strengths

1. Exports its products to 18 countries including Italy, Spain, Germany and the United States
2. Focuses on high value products. This has resulted in the average selling price of its products increasing at 6.8% CAGR between FY16 and FY21
3. Has eight chemistry competencies, which are used for its wide array of products. This helps it cater to niche and advanced intermediate requirements
4. Has relationships in excess of five years with seven out of its top ten customers
5. Experienced promoters and senior management with extensive domain knowledge
6. The global chemicals market is expected to grow at a CAGR of 6.2% to $ 6,780 billion by 2025

Risks and threats

1. Its top 20 customers contributed around 73% of the revenue in the first nine months of FY22
2. Around 63% of the revenue came from the pharmaceutical industry in 9MFY22
3. Exports accounted for around 49% of the revenue. This means exchange rate fluctuations may adversely impact its business
4. Doesn’t have long-term agreements with suppliers for raw materials
5. Faces competition from both domestic as well as multinational corporations

Aether Industries IPO details

| Aether Industries IPO date

The offer document filed by the company with the SEBI mentions that the Aether Industries IPO’s opening date – in other words, the Aether Industries IPO launch date – will be on 24 May 2022. The Aether Industries IPO closing date is 26 May 2022. After this, investors will be updated about the allotment status on 31 May 2022. 

Investors, who have been allotted shares, can expect them to be credited in their demat account on 2 June 2022. The Aether Industries IPO listing date is 3 June 2022. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE.  

| Aether Industries IPO price band

The entire IPO is a book-built issue. The Aether Industries IPO price band has been set between ₹610 and ₹642 per share. Interested investors can choose a price within this band to apply for the IPO. 

The Aether Industries IPO listing price will be determined on 3 June 2022. The listing price is the price at which the shares of a company make their debut on the stock exchanges.  

| Aether Industries IPO lot size

The Aether Industries IPO details have been declared. The Aether Industries IPO lot size is set at 23 shares, and an investor can apply for a minimum of 1 lot. Individual investors applying under the retail category can only apply for up to 13 lots (299 shares). Meanwhile, the Aether Industries IPO issue size is ₹808 crore. 

How to apply for the Aether Industries IPO?

If you are interested in this investment opportunity but unsure how to apply for the Aether Industries IPO, here we are listing out the steps for you. 

Here’s a step-by-step guide on how to apply for the Aether Industries IPO on Upstox: 

1. Login to your Upstox account, using your six-digit PIN
2. After successfully logging in, click on ‘Discover’
3. On the Discover tab, you will find the ‘Invest in IPO’ section
4. Under the Invest in IPO section, look for the ‘ Aether Industries IPO’ tab and click on it
5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
6. Confirm and click on ‘Apply’
7. Accept the mandate on your UPI app

Open a demat account with Upstox to apply for the Aether Industries IPO

To apply for the Aether Industries IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.

Here is a step-by-step guide on how to open a demat account with Upstox.

1. Click here to visit the demat account opening page on the Upstox website. 
2. Enter your phone number and other essential details to begin opening a demat account.
3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
4. Complete the e-verification using the OTP sent to your registered mobile number. 

This is all it takes to open a demat account with Upstox. Easy and quick, right? 

Upstox – trading app to apply for the Aether Industries IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India. 

You can apply for the Aether Industries IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero. 

In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.