Aether Industries will finalize the share allotment on May 31 under the IPO. Shares will come in demat account on 2nd June. It will be listed in the market on June 3.
Aether Industries share allotment Status: The IPO of Aether Industries, a specialty chemical maker, has received a good response from investors. This is oversubscribed 6.26 times today. Recently, Aether Industries has raised hopes after several IPO subscriptions have been sluggish. At present, the company is going to finalize the share allotment on May 31. On the other hand, on June 2, the shares will come in the demat account. It will be listed in the market on June 3. If you have also invested money in it, then you can easily check whether you get the shares or not.
How did investors get the response
Aether Industries’ IPO has been subscribed a total of 6.26 times. Under the IPO, the reserve portion for Qualified Institutional Buyers (QIBs) got subscribed 17.57 times. While the share reserved for non-institutional investors has been subscribed 2.52 times and the reserve share for retail investors is 1.14 times. Under this IPO, fresh shares worth Rs 627 crore were issued. In addition, 28.2 lakh equity shares were sold by the promoters under offer-for-sale (OFS). The company had fixed a price band of Rs 610-642 for this IPO.
Slow entry of Paradeep Phosphates in the market, list of shares of Rs 42 at Rs 44, keep shares or sell?
Option 1: From BSE website
For this, first you have to go to the website of BSE.
After that the Equity box has to be checked.
Then you have to enter the issue name
After that you have to type your application number in the box.
After that you will have to provide your PAN number.
In the end, you have to click on the search button, after which complete information will be revealed.
Option 2: On the Registrar’s website
Link Intime India Private Ltd is the registrar of this issue.
For this IPO, one has to go to the registrar’s website.
In the dropdown, type the company name
After that enter PAN number, application number or depository/client ID in the box
Then enter the captcha and click on the search button. Then you will know your status.
GMP: How are the signals from the gray market
Talking about the gray market, the share of Aether Industries is trading with a slight premium of Rs 10 even on 27th May. That is, its listing can be flat in terms of the upper price band Rs 642. It was at the same price on 26th May as well. In the gray market, only the share of Aether Industries is on the rise from the issue price.