 "initial public offerings")
Aether Industries’ initial public offering (IPO) garnered 6.3 times due to strong demand from qualified institutional buyers (QIBs).
Aether’s Rs 808-crore offering capped a busy month for IPOs, which saw a cumulative mop up of Rs 30,140 crore by eight companies. The record IPO fund raise came despite a selloff in the secondary market.
The QIB portion of Aether’s IPO was subscribed 17.6 times, high networth individual portion 2.52 times and retail portion 1.14 times. Aether Industries is a manufacturer of advanced intermediates and active ingredients, catering to the pharma and speciality chemical industries. The company raised Rs 627 crore
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