Aether Industries
Aether Industries opens at 10 percent premium at Rs 706.15
Aether management on using IPO funds to make company debt-free, expansion plans
the specialty chemical manufacturer
debut on June 3, stock opening at Rs 706.15,
growth prospects. Long-term investors may accumulate the stock
one of the fastest-growing chemical manufacturers in India - focus on R&D
808 crore through its public issue, good response from investors-institutional side 17.57x
initial public offering was subscribed 6.26 times
fresh issue of up to Rs 627 crore and an offer for sale of Rs 181 crore
Proceeds from the fresh issue will be used to repay debt, meet capital expenditure for a proposed greenfield project, working capital requirements and general corporate purposes.
Incorporated in January 2013, Aether is a speciality chemical manufacturer focused on advanced intermediates and speciality chemicals.
Aether management on using IPO funds to make company debt-free, expansion plans
We would like to bring cash cycle below 90 days, bring down debtors’ days,inventory days to a considerable level
Days in inventory is the average time a company keeps its inventory before it is sold