Archean Chemical IPO subscription: The firm received bids for 19.63 lakh shares against an IPO size of 1.99 crore shares amounting to a subscription of 9 per cent at 1:24 pm today
The initial public offer (IPO) of speciality chemical manufacturer Aether Industries opened today. The issue size of the IPO is Rs 808 crore. The IPO consists of a fresh issue of Rs 627 crore, and an offer for sale of Rs 181 crore. The company raised over Rs 240.32 crore from anchor investors on May 23. The firm informed the bourses that it has allocated 37,42,495 shares at Rs 642 per share to anchor investors.