Aether Inds IPO to open May 24

Mumbai: The ₹808 crore-initial public offer speciality chemicals manufacturer Aether Industries will open on May 24. The company has set a price band of ₹610-642 per share. Investors can bid for a minimum of 23 shares and multiples of 23 shares thereafter. The IPO will close on May 26. The IPO comprises a fresh share issue worth ₹627 crore and an offer for sale of ₹181 crore. The company's net profit climbed 77.99% to ₹71.19 crore in FY21 from ₹39.96 crore in FY20.- Our Bureau