Stock Market update: Shares of Aether Industries makes debut, lists at 9% premium

The initial public offering (IPO) of Aether Industries was subscribed 6.26 times on the closing day.

Markets
By Keertiman Upadhyay
Image courtesy:TheFinancialExpress

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On Friday, June 3, the shares of Aether Industries Ltd made a positive debut in the stock market. The stock is listed at a 9% premium at Rs 704/piece on the National Stock Exchange (NSE) and Rs706/piece on the Bombay Stock Exchange (BSE).

The initial public offering (IPO) of Aether Industries was subscribed 6.26 times on the closing day. The offer was open for subscription for three days i.e. from 24-26 May. The IPO issue price was Rs 642/share.

Aether Industries is a specialty chemicals manufacturing company. Founded in 2013 as a research & development (R&D) unit the company deals in advanced intermediates and specialty chemicals involving complex and differentiated chemistry and technology core competencies. The company reported a net profit of Rs 71 crore in the fiscal year 2021.

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Keertiman Upadhyay 116 posts

Keertiman Upadhyay is the sub-editor for Business beat at Afternoon Headlines. He is a student of Multimedia & Mass Communication. He is also a learner of humanities at Harvard University & Tata Institute of Social Sciences. He is an enthusiast of literature & writes on various topics.

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