Aether Industries Limited IPO Message Board (Page 11)

https://www.moneycontrol.com/news/business/companies/fire-breaks-out-at-deepak-nitrite-gidc-plant-8633481.html

@Jetha Lal: Tomorrow Deepak Nitrite share might be impacted to some extent because of sentiment but I think it will recover tmrw itself as management gave clarification "Both, loss of assets as well as loss of business are covered under insurance."

Note: All chemical companies will hold insurance mandatorily because of the nature of the business.

Almost 9 years of hard work and determination and this company IPO is listing. I don't think market is so narrow minded to relate one off fire incident of one company to impact the listing of another company.

If it is related to tax, inflation, war, pandemic, interest rates, RM prices then all companies in that sector will get impacted. Hopefully the listing will surprise us positively.

Actually, I am taking a contrarion call. The downtime and loss of business of Deepak Nitrite could give some positive boost to sales & profit of Aether, of course, if some of the products are common and more so because both are Gujarat based.

@Lokesh Chiru ji
Plant, machinary and other assets are usually insured but loss of business can't be covered because of non-production and loss of sales till operation is affected.
This fire incident was huge(it can be seen from news photos and videos) and they must have suffered heavy loss and it will take a lot of time to resume production.

These kind of incidents make bad name of the company and safety standards have been put on question now. This incident will shake confidence of investors on Deepak Nitrite.

I too agree that this incident should not impact Aether's listing but I don't think Deepak is going to bounce back on same day. It's big incident and it raises questions about operation and safety standards.

Such a relief , from your message. Thank you.

Yes, all 51 QIB applications were allotted shares. It is a typo error no need to panic

It's not 14 lakh..
It's 63 lakh.
I think you had count only fresh issue shares.

My fault.....demand Should be 3 cr shares... Hni +rii ....tabhi maza ayega...

IPO Size : 808.04 cr
Issue price = Rs 642
Total Number of shares offered: 1,25,86,355.
Anchor allotment = 37,42,495.
Total quantities eligible to be supplied on listing day : 88,43,863.

✓QIBs are mostly Institution and are for long term.
✓ HNI : They will create maximum supply.
✓ RII : 30-40% short term and rest long term.

Let's hope some institution come to absorb supply.
My decision to apply was solely on fundamental basis and subscription data didn't impact my decision.
If scam/manipulation really happened then SEBI should make it stop and I think the lastest decision of SEBI will help to curb such manipulations.

Offering IPO in a price range gives a lot of scope for fraud. There should be one price only to apply. Also if there is any mistake while filling online application, the system should not accept it instead of accepting it and rejecting later!IMO

@PBB ,
What happened?
If you are applying in retail then always select cutoff.
If an IPO subscribed for more than 1X in total (all categories) then there is no point in applying with lower price bid. In such case apply only in higher price.