New Delhi: Special company Aether Industries chemicals has submitted a preliminary prospectus with a market regulator of Sebi to collect RS 1,000 Crore through an initial public offering (IPO).
Public problems consist of fresh issues of equity stocks reduced to RS 757 Crore and offers – for sale up to 2.751,000 equity shares, according to the draft red herring prospectus (DRHP).
The company can also consider raising RS 131 Crore by issuing equity shares through preferential offers.
According to market sources, the company is expected to collect RS 1,000 Crore through its IPO.
Aether Industries is a specialized chemical manufacturer in India which focuses on the production of advanced intermediates and special chemicals involving chemical core competencies and complex and distinguished technology.
It began with research and development units (R & D) in 2013, and began commercial production in 2017.
It serves pharmaceuticals, agrochemicals, material science, electronic chemicals, high-performance photography and oil and gas industry segments.
The company’s operating income grew to Rs 450 Crore at FY21, from Rs 302 Crore at FY20, and his net profit rose to RS 71 Crore at FY 21, from Rs 40 Crore at FY20.
Recently, a company based in a letter collected more than Rs 100 Crore from the Capital of Ok White and IIFL in the Pre-IPO round.
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