Shares of speciality chemicals company Aether Industries on Friday listed with a premium of 10 per cent against its issue price of Rs 642. The stock made its debut at Rs 706.15, registering a jump of 9.99 per cent from the issue price at the BSE. It rallied 20.98 per cent to Rs 776.75. On the NSE, it listed at Rs 704, with a premium of 9.65 per cent.
The initial public offer of Aether Industries was subscribed 6.26 times last month. The initial share sale had a fresh issue of up to Rs 627 crore and an offer-for-sale of up to 28,20,000 equity shares. Its price range was at Rs 610-642 per share. Aether Industries is a speciality chemicals manufacturer in India, focused on producing advanced intermediates and speciality chemicals involving complex and differentiated chemistry and technology core competencies.
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