Ahead of IPO, Aether Industries garners Rs 240 cr from anchor investors

Aether Industries is a speciality chemicals manufacturer focused on producing advanced intermediates and speciality chemicals involving complex and differentiated chemistry and tech core competencies

Speciality chemicals company Aether Industries on Monday said it has raised a little over Rs 240 crore from anchor investors ahead of its initial share-sale, which opens for public subscription on Tuesday.
 

The company has allocated a total of 37,42,495 equity shares to anchor investors at Rs 642 apiece, taking the transaction size to Rs 240.26 crore, according to a circular uploaded on the BSE website.
 

A total of 25 funds have been allocated shares in the anchor round. This included Goldman Sachs, Nomura, SBI Mutual Fund (MF), Aditya Birla Sun Life MF, Kotak MF, Axis MF, IDFC MF and