Aether Industries Ltd |
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| Initial public offer of 12,586,355** equity shares of face value of (Rs)10 each ("Equity Shares") of Aether Industries Limited ("Company" or "Issuer") for cash at a price of (Rs)642 per equity share (including a share premium of (Rs)632 per equity share)("Offer Price") aggregating to (Rs)808.04 crores** ("Offer") comprising a fresh issue of 9,766,355** equity shares aggregating to (Rs)627.00 crores* by the company (the "Fresh Issue") and an offer for sale of 2,820,000** equity shares by Purnima Ashwin Desai (the "Promoter Selling Shareholder") aggregating to (Rs)181.04 crores** ("Offer for Sale" and such equity shares, the "Offered Shares"). The offer includes a reservation of 111,370** equity shares, aggregating to (Rs)7.15 crores**, for subscription by eligible employees (as defined herein) (the "Employee Reservation Portion"). The employee reservation portion shall not exceed 0.09% of the post offer paid-up equity share capital the offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 10.11% and 10.02%, respectively, of the post-offer paid-up equity share capital of the company.
*The company, in consultation with the brlms, has undertaken a private placement of 2,024,921 equity shares aggregating to (Rs)130.00 crores ("pre-ipo placement"). The size of the fresh issue of equity shares has been adjusted pursuant to the pre-ipo placement.
** Subject to finalization of the basis of allotment
The face value of the equity shares is (Rs)10 each. The offer price is 64.20 times the face value of the equity shares.
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| Issue |
Money Payable On |
| Opened On |
Closed On |
Offer Price |
Application Money |
Allotment Money |
| 24-May-22 |
26-May-22 |
( )642.00 |
( )642.00 |
( )0.00 |
| Minimum Application for shares in Nos :23 Further Multiples of :23 |
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( Cr) |
Lead Managers to the Issue |
| Project Cost |
593.46 |
| HDFC Bank Ltd | | Kotak Mahindra Capital Company Ltd |
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| Project Financed through Current Offer |
808.04 |
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| Post Issue Equity Share Capital |
124.48 |
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| Face Value |
10 |
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| Issue Price |
( )642.00 |
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