Shares of Aether Industries will go public in India today. According to the information available on BSE . website, Shares of Aether Industries will be available for trading on NSE and BSE from June 3, 2022 as Aether IPO listing date has been set for June 3, 2022 i.e. today. The BSE website further states that the chemical company’s shares will be listed in a special opening session at around 10 a.m. today.
According to market observers, shares of Aether Industries are currently priced higher 23 on the gray market today. However, stock market experts say Aether Industries stock could have a ‘positive’ listing and that today’s Aether Industries stock price could open up around 700 per equity share.
Speaking on Prediction of Aether’s IPO Listing PriceAayush Agrawal, Senior Analyst at Swastika Investmart Ltd said, “Aether Industries Ltd. is one of the fastest growing chemical manufacturers in India, highly focused on R&D, based on energy core strength in differentiated chemistry & technology and strong product selection Release process The issue has received a good response from investors, especially on the institutional side; gray market is lacking action makes it difficult to predict an exact list price.The issue is valued at a P/E of 72.30 based on a 22-year fiscal year figure.However, we believe the company deserves it. at this multiple due to its phenomenal growth prospects. However, we expect a positive listing for this matter.”
Regarding Aether’s IPO listing price, Ravi Singhal, Vice President at GCL Securities said, “Following a change in market sentiment last week due to a slight upswing (the market is still volatile), we are looking forward to it. positive launch of Aether stock on Indian exchange WE are expecting this share to list around 700.
Abhay Doshi, Founder at UnlistedArena.com said, “Aether Industries has received a better response than in recent IPOs. Experienced promoters, good margins and strong revenue growth impression in favor of the company.However, the issue is overvalued.In volatile market conditions we may see listing on a positive note and the issue may be listed. listed at a marginal premium of about 3-5%.”
Aether IPO GMP today
According to market observers, today’s Aether IPO GMP (gray market premium) is 23, which means the gray market is expecting that Aether’s IPO listing price will be around 665 ( 642 + 23).
Disclaimer: The views and recommendations expressed above are those of individual analysts or brokerage firms, not those of Mint.