Aether Ltd IPO GMP Today, Aether IPO Grey Market Premium Updates | Aether IPO Listing Gain, Latest target, Opening gain
Aether IPO date is fixed, the initial public offer (IPO) is to hit the market on May 24, 2022, and close on May 26, 2022. Aether Ltd IPO to raise ₹808.04 crores via IPO that comprises an offer for sale of up to 2,820,000 equity shares of Rs.10 each. The retail quota is 35% with QIB 50% and HNI 15%.
Incorporated in 2013, Aether Industries Limited is a manufacturer of speciality chemicals. The company is the sole manufacturer in India of chemicals such as 4-(2-Methoxyethyl) Phenol (4MEP), and 3-Methoxy-2-Methylbenzoyl Chloride (MMBC), Thiophene-2-Ethanol (T2E), Ortho Tolyl Benzo Nitrile (OTBN), N-Octyl-D-Glucamine, Delta-Valerolactone and Bifenthrin Alcohol. The company has three business models: Large scale manufacturing of intermediates and specialty chemicals, CRAMS (contract research and manufacturing services) and Contract manufacturing.
As of March 31, 2022, Aether Industries Limited’s product portfolio comprised over 25 products that were sold to over 34 global companies in 18 countries and to over 154 domestic companies. The company is the largest manufacturer of 4MEP, T2E, NODG and HEEP products in the world by volume.
Check out Aether Ltd IPO grey market premium, Kostak rates, and subject to sauda rates as of today.
Aether Industries IPO Details:
| Issuer | Aether Industries Limited | |
| Issue Type | Book Built Issue IPO | |
| Issue Period | Issue Opens: May 24, 2022 | |
| Issue Closes: May 26, 2022 | ||
| Price Brand | ₹610 to ₹642 Per Share | |
| Issue Size | ₹808.04 Crores | |
| Face Value | Rs.10 per Equity Share | |
| Market Lot | 23 Shares | |
| Maximum Bid amount for Retail | ₹191,958 | |
| QIB | 50% of the issue size | |
| NIB | 15% of the issue size | |
| Retail Individual Bidders | 35% of the issue size | |
| Listing at | NSE & BSE | |
| ✔️ Apply With ? | UPSTOX Free DEMAT Account | |
| Equity | 2,820,000 Shares | |
| UPCOMING IPO 2022 | UPCOMING DIVIDEND |
| UPCOMING BUYBACK | UPCOMING BONUS 2022 |
| Best Stocks to Buy | Latest IPO Grey Market Premium |
Aether IPO GMP Rates day by day
Aether IPO Grey market premium as of today
| Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda |
| HNI COST | ₹ | ||
| 02 JUN 2022 | N/A | ||
| 01 JUN 2022 | ₹15 | ||
| 31 MAY 2022 | ₹20 | ||
| 30 MAY 2022 | ₹20 | ||
| 29 MAY 2022 | ₹15 | ||
| 28 MAY 2022 | ₹10 | ||
| 27 MAY 2022 | ₹10 | ||
| 26 MAY 2022 | ₹10 | ||
| 25 MAY 2022 | ₹10 | ||
| 24 MAY 2022 | ₹0 | ||
| 23 MAY 2022 | ₹1 | ||
| 22 MAY 2022 | ₹1 | ||
| 21 MAY 2022 | ₹1 | ||
| 20 MAY 2022 | ₹20 | ||
| 19 MAY 2022 | ₹40 | ||
| 18 MAY 2022 | ₹0 | ||
| 17 MAY 2022 | ₹0 |
Aether IPO Market Lot:
| Lot Size: | Minimum 23 Shares & Maximum 299 Shares (13 Lot) |
| Minimum Amount: | ₹14,766 |
| Maximum Amount: | ₹191,958 |
Aether IPO Allotment & Listing:
| Basis of Allotment: | May 31, 2022 |
| Refunds: | Jun 01, 2022 |
| Credit to Demat Account: | Jun 02, 2022 |
| Listing Date: | Jun 03, 2022 |
How to Apply for Aether IPO?
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How to Apply Aether IPO through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Aether Ltd”. Click on Bid Button. Enter your UPI ID, Quantity and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.
How to Apply the Aether IPO through Upstox?
Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Aether”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve – mandate. Open Demat Account with Upstox.
In case you have not been allotted or for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.
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Disclaimer:
– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamentals of the companies.
– This is only coverage of News related to Grey Market. We don’t deal in Grey market premium, nor do we recommend dealing in Grey Market. Investment decisions based on Grey Market trends can be faulty.
IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.
We don’t trade into the grey market nor do we facilitate buying or selling of IPO firms.
What is Grey Market?
Grey Market is the term used to describe an unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.
This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:
- Trade of IPO shares at a grey market premium
- Trade of IPO application at a kostak.
What is Grey Market Premium?
GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.
This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.
Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.
What is Kostak?
Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.
It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:
Example:
IGL Limited
Issue Price: Rs 306 Per Equity Share (Maximum Bid price)
Lot Size: 45
Grey Market Premium: Rs 220 to Rs 230
Kostak (Rs 13770): Rs 680 to Rs 720
This means IGL IPO applications of Rs 13500 are being traded in IPO Grey Market at Rs 695 to Rs 720.
Despite the fact that this IPO’s Grey Market Premium is roughly 75% of the issue price, the ‘Kostak’ is just 5% of the application value.
As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.
Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.
Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.
In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.