Aether Industries IPO
Aether Industries Limited (AETHER) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 03 June 2022.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain -1.2% (likely range -4% to +10%), day's high +5.0%, chance of a gain 33%. Actual: +9.7% at the open, +20.6% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 27,48,241 | 4,82,98,988 | 17.6x | |
| NII (HNI) total | 19,47,222 | 49,13,835 | 2.52x | |
| Retail | 45,43,517 | 51,97,494 | 1.14x | |
| Employees | 1,17,213 | 1,24,269 | 1.06x | |
| Total | 93,56,193 | 5,85,34,586 | 6.26x |
Bids on NSE and BSE together, as published by NSE, as of 26 May 2022, 05:00 PM. Shares offered exclude the anchor portion. 8% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Aether Industries's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Sheela FoamDec 2016 | 14.5x | 3.35x | 0.44x | 5.09x | ₹548 Cr | +17.8% | +41.4% |
| Laurus LabsDec 2016 | 10.5x | 3.58x | 1.67x | 4.57x | ₹1,334 Cr | +14.5% | +16.4% |
| Vijaya Diagnostic CentreSep 2021 | 13.1x | 1.32x | 1.09x | 4.54x | ₹1,895 Cr | +1.7% | +22.0% |
| Sandhar TechnologiesMar 2018 | 14.5x | 6.39x | 1.42x | 6.19x | ₹515 Cr | +4.2% | +6.0% |
| Metro BrandsDec 2021 | 8.49x | 3.02x | 1.13x | 3.64x | ₹1,368 Cr | -12.6% | +1.6% |
| Varroc EngineeringJun 2018 | 9.16x | 2.45x | 0.95x | 3.59x | ₹1,955 Cr | +5.0% | +9.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| HDFC Bank | 16 | +15.8% | 75% |
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
Offer documents (NSE)
Frequently asked
What is the Aether Industries IPO price band and lot size? ₹610–642 per share, with a lot of 23 shares, so the smallest retail bid is ₹14,766.
How many times has it been subscribed? 6.26x overall: QIB 17.6x, NII 2.52x, retail 1.14x, employees 1.06x.
How did it list? It opened at ₹704, +9.7% against the issue price of ₹642, and closed its first day +20.6%.
