Aether Industries IPO GMP Today, Share Allotment Date, Listing Date; Key Details

Aether Industries IPO: The initial public offering (IPO) of specialty chemicals company Aether Industries saw healthy subscription rates of 6.26 times the number of shares offered for sale. The response was mainly buoyed by qualified institutional buyers, who were quick to book more than 17 times the shares allocated to them. Aether Industries’ initial public offering, which opened earlier this week, set the price range for its shares in the range of Rs 610-642 per piece to increase Rs 808 crore through the base track. With the Aether IPO already closed for bids, investors are now looking into the history of the stock allocation.

Aether Industries IPO: IPO Status

After three bids, the Aether IPO, worth Rs 808.04 crore, was oversubscribed 6.26 times, with bidders holding 5,85,34,586 shares against the issue size of 93,56,193 shares. This was supported by Qatar Islamic Bank, which subscribed 17.57 times, equivalent to 4,82,98,988 shares, compared to 27,48,241 shares allotted to them. Retail bidders have subscribed 1.14 times, subscribing to 51,97,494 shares. On the other hand, allotment staff got 1.06 times the subscription rate. The portion allocated to non-institutional investors was oversubscribed 2.52 times against the issue size.

Aether Industries GMP IPO Today

According to IPO Watch, shares of Aether Industries are available at a premium of Rs 10 in the gray market today, which is Rs 7, up from yesterday’s evening gray market premium of Rs 3. This means that today’s Aether IPO GMP is Rs 10, stock Aether Industries is trading at Rs 652 (Rs 642 + Rs 10) in the gray market. Market watchers said that negative secondary market sentiment negatively affected the Aether Industries GMP IPO, but later regained momentum.

However, market experts also point out to investors that GMP is unofficial and unregulated data. Therefore, those who follow GMP are advised to look at the company’s financial statements as well because the company’s balance sheet will give a better picture of the company’s fundamentals.

Allocation of initial public offering share, listing date

Shares are likely to go to the Ather Industries IPO next week on May 31, Tuesday. The allotment of shares can be checked on the official website of BSE and the website of the registrar, Link InTime India. The shares will be listed on May 31. The initial listing date for the Aether IPO is May 23.

Ethereum IPO Subscription: Issue Objectives

Aether Industries’ initial public offering is a batch of Rs 627 crore new issues and an OFS portion of Rs 181 crore. The Company will not receive any returns from the OFS portion. Of the net proceeds of the new issue, Rs. 163 crore will be used to fund the proposed new expansion; Rs 137.9 crore will be used for repayment/prepayment of loans and the remaining Rs 165 crore will be used to fund the working capital requirements of the company.

Read all the latest news, breaking news and live updates for IPL 2022 here.

Leave a Comment