Aether IPO_Know all details here!

Aether Industries Limited, Manufacturer of speciality chemicals, has come up with an IPO. Know all details here.

About the company:

The company has three business models: Large scale manufacturing of intermediates and speciality chemicals, CRAMS (contract research and manufacturing services) and Contract manufacturing.

As of March 31, 2022, Aether Industries Limited's product portfolio comprised over 25 products which were sold to over 34 global companies in 18 countries and to over 154 domestic companies.

About an IPO:

◇ The IPO will be kept open from 24th May, 22 to 26th May, 22 for public to subscribe.

◇ The price fixed per share is ₹610 -₹642.

◇ The lot size is 23 shares per lot.

◇ The allotment will be done on 31st May, 22.

◇ The listing date is 3rd June,22.

◇ The minimum investment required is ₹ 14,766.

◇ Ashwin Jayantilal Desai, Purnima Ashwin Desai, Rohan Ashwin Desai, Dr. Aman Ashvin Desai, AJD Family Trust, PAD Family Trust, RAD Family Trust, AAD Family Trust and AAD Business Trust are the company promoters.

Financials:

Pros:

◇ As seen above, company’s ebita margin, p/e ratio, profitability seems to be increasing and quite strong.

◇ The company’s promoters are strength of the company too as they are highly qualified and experienced.

◇ Vast customer base, pharma, material science etc are some of the industries who are their customer.

Cons:

◇ The company is overvalued however not much.

◇ The IPO funds will be used for short term purposes.

Overall the company seems to be in good health and is expected to give decent returns.

Happy Learning and Investing!!