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:
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:
Here’s a look at Aether Industries’ financial performance
Here’s a quick look at Aether Industries IPO’s strengths, risks and threats
Risks and threats
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:
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.
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.
You can pre-apply for the Aether Industries IPO from 23 May 2022. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.
The Aether Industries IPO launch date is 24 May 2022. The Aether Industries IPO will be open for subscription till 26 May 2022.
The Aether Industries IPO lot size is 23 shares and the minimum investment required is ₹14,030.
The Aether Industries IPO price band is ₹610 - ₹642 per share.
The size of the Aether Industries IPO is ₹799 - ₹808 crore.
You can place up to three bids for an application.
No, the bids have to be placed at one go. If you want to add an additional bid, then you would have to delete your application and re-apply.
Shares of Aether Industries will list on BSE and NSE.
Aether Industries shares listing date is 3 June 2022.