Specialty chemicals company Aether Industries' initial public offering (IPO) will open for public subscription today and conclude on May 26.
As of 01:50 pm on day 1, Aether Industries IPO has been subscribed 0.25 times with retail investors' category booked 0.29, NIIs 0.03x and QIBs 0.36x, BSE data showed.
The company has cut the size of the fresh issue of equity shares to ₹627 crore from ₹757 crore planned earlier following the pre-IPO placement.
Apart from fresh issue, there will be an offer-for-sale (OFS) of up to 28.2 lakh equity shares by the promoter.
Aether Industries shares are commanding a premium (GMP) of ₹4 in the grey market today, as per market observers.
The shares of the company are expected to list on stock exchanges BSE and NSE on June 3, 2022.