INSUBCONTINENT EXCLUSIVE:
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.
