Aether Industries IPO: Speciality chemicals firm files draft papers to raise Rs 1,000 crore

Aether Industries has filed its preliminary prospectus with markets regulator Sebi to raise Rs 1,000 crore through an initial public offering (IPO).

New Delhi: Speciality chemicals company Aether Industries has filed its preliminary prospectus with markets regulator Sebi to raise Rs 1,000 crore through an initial public offering (IPO).

The public issue consists of a fresh issue of equity shares aggregating to Rs 757 crore and an offer-for-sale of up to 2,751,000 equity shares, according to the draft red herring prospectus (DRHP).

The company may also consider raising Rs 131 crore by issuing equity shares through a preferential offer.