Aether Industries files draft documents for fundraising via IPO

Aether Industries has filed draft documents with SEBI to raise funds via the IPO route

New Delhi:

Aether Industries, a specialty chemicals company, has filed its preliminary prospectus with the Securities and Exchange Board of India (SEBI) for raising Rs 1,000 crore through the initial public offering (IPO) route.

The public issue consists of a new issue of shares amounting to Rs 757 crore and a sale offer of up to 2,751,000 shares, according to the draft prospectus on red herring (DRHP).

The company may also consider increasing the crore to Rs 131 by issuing shares through a preferential offer.

Aether Industries is an Indian specialty chemicals manufacturer focused on the production of advanced intermediates and specialty chemicals involving complex and differentiated core chemistry and technology skills.

It started with a research and development (R&D) unit in 2013 and started commercial production in 2017. It targets the pharmaceutical, agrochemical, materials science, electronic chemistry, chemical industry segments. high performance photography and oil and gas.

The Surat-based company raised more than Rs.100 crore from White Oak Capital and the IIFR in a pre-IPO cycle.

HDFC Bank and Kotak Mahindra Capital Company are primarily responsible for the problem.

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