Aether Industries has filed draft documents with SEBI for raising funds through the IPO routeNew Delhi: Aether Industries, a speciality chemicals business has submitted its preliminary prospectus with Securities and Exchange Board of India (SEBI) for raising Rs 1,000 crore through the initial public deal (IPO) path.
The public problem consists of a fresh issue of equity shares aggregating to Rs 757 crore and an offer-for-sale of approximately 2,751,000 equity shares, according to the draft red herring prospectus (DRHP).
The business may likewise consider raising Rs 131 crore by issuing equity shares through a preferential offer.Aether Industries is a speciality chemicals manufacturer in India focused on producing innovative intermediates and speciality chemicals involving complex and separated chemistry and technology core competencies.It started with a research study and development (R&D) system in 2013, and began business production in 2017.
It deals with the pharmaceutical, agrochemical, material science, electronic chemical, high performance photography and oil and gas industry segments.The Surat-based company raised over Rs 100 crore from White Oak Capital and IIFL in a pre-IPO round.HDFC Bank and Kotak Mahindra Capital Business are the book running lead supervisors to the issue.