Aether Industries IPO: From LATEST subscription status, allotment date to listing date – know full timeline of this Rs 808 cr issue

Aether Industries IPO: The Initial Public Offering (IPO) of Aether Industries opened for subscription today. The issue was overall subscribed 0.25 times on the BSE as of 1:21 pm according to the data available on the exchange. Out of the 93,56,193 shares available for subscription, Aether IPO received 23,00,805 share bids around this time.

The Retail Individual Investors (RIIs) subscribed the issue 0.28 times while the Qualified Institutional Buyers (QIBs) had subscribed the issue 0.36 times while the Non-Institutional Investors (NIIs) subscribed the issue 0.02 times the employee category subscribed it 0.02 per cent.

The issue is open for subscription between 10 am and 5 pm and the issue will close on 26 May.

The price band of this issue is at Rs 610-642. The lot size consists of 23 shares and the minimum quantity that an investor could subscribe is 23 shares or 1 lot.

If you are an investor in this issue or are planning to be one, here is the list f dates that you must know.

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Aether Industries IPO – Full timeline

1. The IPO opens today and will end on 26 May at 5 pm.
2. Finalisation of basis of allotment will likely be on 1 June.
3. Initiation of refunds is expected to occur on 2 June.
4. Transfer of shares to demat accounts of the subscribers is expected to happen on 3 June.
5. Listing of Aether Industries shares is expected on 3 June.

This is a tentative timeline and has been sourced from Edelweiss App. It may change.

The company plans to raise Rs 808 cr through the IPO.

Ahead of the IPO, Zee Business Managing Editor Anil Singhvi had listed positive and negative of the company and suggested what should investors do with this share-sale.  

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#AetherIndustriesIPO

आज से एथर इंडस्ट्रीज का IPO; प्राइस बैंड: ₹610-642/शेयर

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जानिए अनिल सिंघवी की राय...@AnilSinghvi_ | #IPOAlert #IPOtoInvest pic.twitter.com/8IW12Ng7oX

— Zee Business (@ZeeBusiness) May 24, 2022

Speaking of positives, Zee Business Managing Editor said the company is a market leader with strong growth outlook. It has impressive financials and is expected to go debt-free post listing, he said.

However, the company has a small business history and the promoter also plans to sell 12% more stake in future, observed the market guru.  

"In terms of valuations, it is neither expensive nor attractive. It comes at just reasonable valuations. Investors seeking to subscribe to this issue should do with long-term perspective," he added.