Aether Industries Share Price Down Over 4% on Launching ₹628 Crore OFS

Aether Industries Ltd, a speciality chemical company, has announced an offer for sale (OFS) of up to 89.79 lakh equity shares. 

An OFS is a mechanism through which promoters of a listed company can sell their shares to the public via the stock exchange platform.

This sale is worth ₹628.54 crore and makes up 6.77% of the company’s total equity. The floor price for this OFS is set at ₹700 per share.

OFS Details and Schedule

The OFS will be conducted in two phases. The first phase, open on May 13, 2025, is for non-retail investors such as qualified institutional buyers (QIBs) and high net-worth individuals (HNIs). This portion covers 90% of the total shares on sale- about 80.81 lakh shares worth ₹565.7 crore. Retail investors can participate on May 14, 2025, with 8.97 lakh shares reserved for them, amounting to ₹62.9 crore. DAM Capital Advisors Limited is handling the sale as the lead manager.

Company’s Q3 Financial Performance

In the Q3FY25 ending December 31, 2024, Aether Industries saw a sharp rise in net profit-up by 149.42% year-on-year to ₹43.3 crore from ₹17.4 crore. Revenue also increased by 42.3%, reaching ₹219.7 crore. The company’s EBITDA more than doubled to ₹64.7 crore from ₹31.1 crore, and the EBITDA margin improved from 20.2% to 29.4%.

Revenue Breakdown by Business Segment

During Q3, nearly half (47.5%) of Aether’s revenue came from its pharmaceutical segment. The agrochemical division added 11.2% to the total income, while the material science segment contributed 9.8%, making it the third-biggest source of earnings.

Read more: Biocon Board Greenlights Fundraising Plan of Up to ₹4,500 Crore

Share Price Performance 

As of May 13, 2025, at 12:20 PM, Aether Industries share price is trading at ₹775.40 per share, reflecting a decline of 3.78% from the previous day's closing price. Over the past month, the stock has surged by 6.54%. The stock's 52-week high stands at ₹1,071 per share, while its low is ₹738.50 per share.

Conclusion

This OFS marks a key step in Aether Industries’ growth journey, giving investors a chance to join at a lower entry price. Backed by strong financials, the company is well-positioned for future progress.

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