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Shares of Aether Industries rose 21 per cent during their stock market debut on Friday. The listing day gain was the second highest this year for IPOs of over Rs 150 crore in size after Campus Activewear. Shares of Aether closed at Rs 777, up Rs 135, or 21 per cent, over its issue price of Rs 642 per share.
Aether Industries is a manufacturer of advanced intermediates and active ingredients, catering to the pharma and speciality chemical industries.
The company’s Rs 808-crore IPO had garnered 6.3 times due to strong demand from qualified institutional buyers (QIBs).
The
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