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.
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