Venture Intelligence (TSJ Media Pvt. Ltd.)
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Speciality chemicals maker Aether's Rs.808-Cr IPO subscribed 6.26 times
The INR 808 crore initial public offering (IPO) of Surat-based specialty chemicals maker Aether Industries was subscribed 6.26 times. The quota for qualified institutional bidders was subscribed 17.57 times, whereas the allocation for employees fetched 1.06 times bids. The portion for retail bidders was subscribed 1.14 times, while HNIs made 2.52 times bids for their portion. The issue, which was priced in the range of INR 610-642 per share, had HDFC Bank and Kotak Mahindra Capital Company as the book running lead managers.
From the Venture Intelligence PE-VC Deal Database: In Mar-22, Aether Industries had raised over INR 100 crore from White Oak Capital and IIFL in a pre-IPO round. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.