114  Total SME IPOs listed in 2025

5,174.44 Crs.  Total funds raised in 2025

79  SME IPOs listed with Gain in 2025

35  SME IPOs listed with loss in 2025

114  Total SME IPOs listed in 2025

5,174.44 Crs.  Total funds raised in 2025

79  SME IPOs listed with Gain in 2025

35  SME IPOs listed with loss in 2025

114  Total SME IPOs listed in 2025

5,174.44 Crs.  Total funds raised in 2025

79  SME IPOs listed with Gain in 2025

35  SME IPOs listed with loss in 2025

114  Total SME IPOs listed in 2025

5174.44 Crs.  Total funds raised in 2,025.00

79  SME IPOs listed with Gain in 2025

35  SME IPOs listed with loss in 2025

Aether Industries Limited IPO Analysis

Aether Industries IPO is a Book Building listing on BSE,NSE exchange, with an ipo size of ₹ 808.04 Cr. The company is based in Surat and caters to Chemical - Speciality sector. Hdfc Bank , Kotak Mahindra Capital Company are the merchant bankers of Aether Industries IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 28th December 2021.

Aether Industries IPO posted revenues of ₹ 590.05 Cr. and PAT of ₹ 110.53 Cr. in FY22 on annualised basis.

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 590.05 Cr.
            EBITDA: ₹ 172.79 Cr.
            PAT: ₹ 110.53 Cr.
  • EBITDA Margin: 29.28 %
            Pat Margin: 18.73 %
  • Net Worth: ₹ 360.27 Cr.
  • Market Capitalisation: ₹ 7991.79 Cr.
  • P/E: 72.30 times
  • P/BV: 6.84 times
  • EV/EBITDA: 47.58 times
Nature of IPO : MainBoard
Exchange : BSE,NSE
IPO Type : Book Building

Aether Industries IPO Financial Performance (Restated)

Financial results of Aether Industries IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials Dec-21 FY21 FY20 FY19
Balance Sheet
Assets 709.56 452.94 300.47 206.68
Net Worth 360.27 174.33 78.27 38.55
Total Debt 234.73 208.20 170.49 126.13
Profit & Loss
Revenue
Revenue on annualised basis
442.54
590.05
449.82 301.81 201.18
EBITDA
EBITDA on annualised basis
129.59
172.79
112.16 71.76 47.51
PAT
PAT on annualised basis
82.90
110.53
71.12 39.96 23.34
Financials
30-Dec-21
FY21
FY20
FY19
Balance Sheet
Assets
709.56
452.94
300.47
206.68

Net Worth
360.27
174.33
78.27
38.55

Total Debt
234.73
208.20
170.49
126.13

Profit & Loss
Revenue
Revenue on annualised basis
442.54
590.05
449.82
301.81
201.18

EBITDA
EBITDA on annualised basis
129.59
172.79
112.16
71.76
47.51

PAT
PAT on annualised basis
82.90
110.53
71.12
39.96
23.34

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Aether Industries IPO Key performance Indicators (KPI)

Aether Industries IPO PAT Margin is 18.73 % , ROCE (Return on Capital Employed) is [●] % as per latest financial. The below table shows Aether Industries IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars Dec-21 FY21 FY20 FY19
EBITDA Margin (%) 29.28 24.93 23.78 23.62
PAT Margin (%) 18.73 15.81 13.24 11.60
EPS (₹) 7.45 7.36 4.24 2.48
ROE (%) 23.01 40.80 51.05 60.54
ROCE (%) [●] [●] [●] [●]
ROA (%) 11.68 15.70 13.30 11.29
Debt to Equity 0.65 1.19 2.18 3.27
Particulars
30-Dec-21
FY21
FY20
FY19

EBITDA Margin (%)
29.28
24.93
23.78
23.62

PAT Margin (%)
18.73
15.81
13.24
11.60

EPS (₹)
7.45
7.36
4.24
2.48

ROE (%)
23.01
40.80
51.05
60.54

ROCE (%)
[●]
[●]
[●]
[●]

ROA (%)
11.68
15.70
13.30
11.29

Debt to Equity (x)  
0.65
1.19
2.18
3.27

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Aether Industries IPO Valuation Metrics

The market Capitalisation of Aether Industries IPO is ₹ 7991.79 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (₹ Cr.):
7,991.79

Enterprise Value (EV) (₹ Cr.):
8,220.96

EV/EBITDA (times) :
47.58

PE Multiple (times) :
72.30

P/B (times) :
6.84

NAV (₹) :
31.97

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Aether Industries prospectus?

The Aether Industries IPO prospectus highlights an Return on Equity (ROE) of 23.01 % , Return on Assets (ROA) of 11.68 %, and an EBITDA Margin of 29.28 %, showcasing financial performance.

How do profitability ratios impact the evaluation of Aether Industries IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Aether Industries IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Aether Industries IPO ?

The post-IPO market capitalisation of Aether Industries IPO is ₹ 7991.79 Cr., based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Aether Industries IPO?

The Aether Industries IPO has a Price-to-Earnings (PE) ratio of 72.30 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Aether Industries IPO?

Aether Industries IPO reported revenue of ₹ 449.32 Cr. in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Aether Industries IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Aether Industries IPO?

Aether Industries recorded an EBITDA of ₹ 172.79 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Aether Industries IPO?

Aether Industries Profit After Tax (PAT) is ₹ 110.53 Cr., reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 590.05 Cr.
            EBITDA: ₹ 172.79 Cr.
            PAT: ₹ 110.53 Cr.
  • EBITDA Margin: 29.28 %
            Pat Margin: 18.73 %
  • Net Worth: ₹ 360.27 Cr.
  • Market Capitalisation: 7,991.79
  • P/E: 72.30 times
  • P/BV: 6.84 times
  • EV/EBITDA: 47.58

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
Thinking of
Listing Your Business through
SME IPO?
We can Help!
Contact Us Today

Recent IPO List

Anthem Biosciences Limited

  Pharmaceutical

  Bangalore


Smartworks Coworking Spaces Limited

  Corporate Solutions

  New Delhi


Travel Food Services Limited

  Hotels and Resorts - QSR

  Mumbai


Crizac Limited

  Education - Edtech

  Kolkata


Indogulf Cropsciences Limited

  Agro

  New Delhi


Recent IPO List

Anthem Biosciences Limited

  Pharmaceutical

  Bangalore


Smartworks Coworking Spaces Limited

  Corporate Solutions

  New Delhi


Travel Food Services Limited

  Hotels and Resorts - QSR

  Mumbai


Crizac Limited

  Education - Edtech

  Kolkata


Indogulf Cropsciences Limited

  Agro

  New Delhi


Read more details of this IPO

Peer Companies Of This Sector

FAQs

Aether Industries operates in Chemical - Speciality and Speciality Chemical Business.. The Issue is listed on BSE,NSE in Jun, 2022. Aether Industries IPO size was 808.04 with Issue price of 642.00 .

Merchant Banker(s) of Aether Industries IPO: Hdfc Bank Limited , Kotak Mahindra Capital Company Limited

Aether Industries IPO subscription was 6.26 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Aether Industries IPO listed at a listing price of 776.75 against the offer price of 642.00.

The current market price of Aether Industries is 822.60.

Services

IPO Advisory
IPO Advisory
In-depth, experienced and seamless execution throughout the IPO Process.
IPO Readiness
IPO Readiness
IPO Roadmap by improving Business Efficiencies, Financial Parameters and Corporate Structure to become IPO ready.
Fund Raising
Fund Raising
Fuelling a company's growth through Pre IPO Fund Raise, Private Equity, and Angel Investing.
SME : Business Scaling
SME Business Upscaling
Provide support to build a scalable SME business by unleashing the SME potential.
Post IPO Montoring
Post IPO Mentoring
Assisting with post IPO regulatory requirements and Performance Monitoring to achieve the milestone of Mainboard migration.

Thinking of
Listing Your Business through SME IPO?

We can help! Contact Us

Why Us?

  • Leading portal for IPOs
  • End to End Solutions
  • Known for Transparency