Aether Industries is a manufacturer of advanced intermediates and active ingredients, catering to the pharma and specialty chemical industries. The company is looking to raise Rs 627 crore of fresh capital through the IPO
The price band for the issue is Rs 610-642 per share. At the top-end, Aether is valued at nearly Rs 8,000 crore on a post-dilution basis. The top-end of the price band is 75.6 times its trailing 12-month earnings per share of Rs 8.5. Peers Clean Science & Technology and Fine Organic are trading at P/E multiple of 82.7x and 80.2x, respectively, as per analysts.
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard,
Digital Editor