PE Fund Investments
Specialty chemicals co Aether raises Rs.100-Cr from White Oak, IIFL; plans Rs.1,000-Cr IPO
Surat-based specialty chemicals manufacturer Aether Industries has raised over INR 100 crore from White Oak Capital and IIFL in a pre-IPO round. The company is set to file preliminary documents for an initial public offering (IPO) to raise INR 1,000 crore. Kotak Mahindra Capital and HDFC Bank have been appointed as merchant bankers to advise the company on the public issue. Aether started with an R&D unit in 2013, and began commercial production in 2017. It caters to the pharmaceutical, agrochemical, material science, electronic chemical, high performance photography and oil and gas industry segments. Currently, it has a capacity of over 4,000 MT.
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