Aether Industries makes positive debut with 10% premium on the BSE
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Aether Industries has debuted at Rs 706.15 on the BSE, up by 64.15 points or 9.99% from its issue price of Rs 642.
The scrip is currently trading at Rs 735.70, up by 93.70 points or 14.60% from its issue price. It has touched a high and low of Rs 735.70 and Rs 699.85 respectively. So far 0.38 lakh shares were traded on the counter.
The offering, which was open for subscription between May 24, 2022 and May 26, 2022 was subscribed a total of 6.26 times, suggesting strong demand for the company’s shares. The quota for qualified institutional buyers saw 17.57 times subscription, while the portion for non-institutional investors was subscribed 2.52 times and the retail individual investors' quota was subscribed 1.14 times. The issue price was fixed at Rs 642 per share i.e. at upper end of price band of Rs 610-642 apiece.
Aether Industries is a specialty chemicals manufacturer in India focused on producing advanced intermediates and specialty chemicals involving complex and differentiated chemistry and technology core competencies.
