The initial public offer (IPO) was subscribed 6.26 times on the final day of subscription, helped by strong interest from institutional buyers. The initial share sale received bids for 5,85,34,586 shares against 93,56,193 shares on offer, according to the NSE data.
The portion meant for qualified institutional buyers received 17.57 times subscription, while non-institutional investors category was subscribed 2.52 times and retail individual investors 1.14 times.
The initial Public Offer (IPO) had a fresh issue of up to Rs 627 crore and an offer for sale of up to 28,20,000 equity shares. Its price range was at Rs 610-642 per share.
Going by the grey market premium, which stands at around Rs 30 or 5 per cent, the listing of the issue is likely to be muted. Though a better market sentiment may lift the premium given analysts were quite upbeat on the issue.
Investors, who had bid for the issue, can check the allotment status on the Bombay Stock Exchange (BSE) website:
1) Visit
https://www.bseindia.com/investors/appli_check.aspx
2) Under the issue type, click Equity
3) Under the issue name, select Aether Industries Limited in the dropbox
4) Write the application number
5) Add the PAN card ID
6) Click on ‘I am not a Robot’ and hit submit.
You can also check the allotment status on the online portal of Link Intime India
Private Limited (
https://linkintime.co.in/MIPO/Ipoallotment.html), the registrar to the issue. The registrar is a Sebi-registered entity, qualified to act as such and which electronically processes all applications, and carries out the allotment process as per the prospectus.
The registrar is responsible for complying with the timelines for updating the electronic credit of shares to successful applicants, dispatch, and uploading of refunds, and attending to all investor-related queries after the issue is completed.
1) Go to the web portal of Link Intime India Private Limited
2) Select the IPO in dropbox whose name will be populated only if the allotment is finalised
3) You may be required to select either one of the three modes: Application number, Client ID or PAN ID
4) In application type, select between ASBA and non-ASBA
5) Enter the details of the mode you selected in Step 2
6) For security purposes, fill the captcha accurately
7) Hit submit.
Bidders who could not get allotment in the IPO may see the initialisation of refunds on June 1. Others, who would be allotted shares may see the credit of shares in the demat account by June 2. The listing of the IPO is likely on June 3.