Скачать или смотреть Specialty chemical company Aether Industries files for IPO

Specialty chemical company Aether Industries files for IPO NEW DELHI : Speciality chemicals company Aether Industries has filed its preliminary prospectus with markets regulator Sebi to raise ₹1,000 crore through an initial public offering . The public issue consists of a fresh issue of equity shares aggregating to ₹757 crore and an offer-for-sale of up to 2,751,000 equity shares, according to the draft red herring prospectus . It started with a research and development 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. The company's operating revenue grew to ₹450 crore in FY21, from ₹302 crore in FY20, and its net profit climbed to ₹71 crore in FY 21, from ₹40 crore in FY20. Recently, the Surat-based company raised over ₹100 crore from White Oak Capital and IIFL in a pre-IPO round. HDFC Bank and Kotak Mahindra Capital Company are the book running lead managers to the issue. Stay connected and informed with Mint. Download our App Now!!