Aether Industries Limited
IPO Size
`808.04 Cr
Price Band
`610-642 Per Share
Minimum Lot Size
23 Share
Face Value
`10 Per Share
Employee Discount
NA
Retail Allocation
35%
Issue Open Date
24 May 2022
Issue Close Date
26 May 2022
Listing Date
IPO Size
Price Band
Minimum Lot Size
Face Value
Employee Discount
Retail Allocation
Issue Open Date
Issue Close Date
Listing Date
Aether Industries Limited is a specialty chemical manufacturer in India focused on producing advanced intermediates and specialty chemicals involving complex and differentiated chemistry and technology core competencies. It is of the fastest-growing specialty chemical companies in India, growing at a CAGR of nearly 49.5% between Fiscal 2019 and Fiscal 2021.
The firm has three business models under which we operate: (i) large-scale manufacturing of our intermediates and specialty chemicals; (ii) contract research and manufacturing services (“CRAMS”) and (iii) contract/exclusive manufacturing.
As of September 30, 2021, the Firm’s product portfolio comprises over 22 products. According to Frost & Sullivan, in CY2020, Aether is the sole manufacturer in India of 4MEP, MMBC, T2E, OTBN, NODG, DVL, and Bifenthrin Alcohol, and it is the largest manufacturer in the world by volume for 4MEP, T2E, NODG, and HEEP.
| S.No. | Company | Directors | Promoters | |||
| Entity Name | By the Company | Against the Company | By the Director | Against the Director | By the Promoter | Against the Promoter |
| Criminal cases | - | - | - | - | - | - |
| Material civil cases | - | - | - | - | - | - |
| Taxation matters | - | - | - | 2 | - | 2 |
| Regulatory Proceedings | - | - | - | - | - | - |
| Income Statement(in Milllions) | Sep'21 | FY21 | FY20 | FY19 |
| Gross Operating Income | 2,956.54 | 4,537.89 | 3,037.81 | 2,032.77 |
| Cost of Employee & Inventory | 142.39 | 221.13 | 133.76 | 109.46 |
| Other Expenses | 2,044.91 | 3,376.57 | 2,300.50 | 1,536.73 |
| EBITDA | 911.63 | 1,161.32 | 737.31 | 496.04 |
| Depreciation | 72.41 | 110.11 | 78.48 | 64.07 |
| Finance Cost | 63.92 | 113.15 | 93.76 | 106.00 |
| Profit Before Tax | 775.3 | 938.06 | 565.07 | 325.97 |
| Tax | 200.24 | 226.87 | 165.51 | 92.62 |
| Profit After Tax | 575.06 | 711.19 | 399.56 | 233.35 |
Ashwin Jayantilal Desai, Purnima Ashwin Desai
• Clean Science and Technology Limited • Navin Fluorine International Limited • Vinati Organics Limited • Fine Organic Industries Limited • PI Industries Limited
The proceeds from the sale of 2,820,000 equity shares will not go to the company.
The proceeds from the sale of fresh equity shares worth Rs 627 crores will be utilized for the following: • Prepayment or repayment of all or a portion of certain outstanding borrowings availed by the Company. • Funding capital expenditure requirements for the manufacturing facility (Proposed Greenfield Project). • Funding working capital requirements of the Company. • General corporate purposes.