Aether Industries Limited IPO Message Board (Page 18)

@God is Great,
I agree with you on your first sentence. (but why should @Jetha Lal to go out from this forum???. He is not only a Gem but also very kind in his words to others, seldom we see a person like @Jetha Lal)

Thanks

@Jetha Lal.... Initially I thought that you have done Research on Aether.
But I was wrong as not just research you have done a complete Thesis on Aether...

If Promoters saw it they will hire you as "Consultant"... :)

Thank You...

@Avenue sir
I am applying in half of my capacity for long term. Rapid expansion(6100MTPA to 14600MTPA and Asset turnover ratio is 2times) in next 2-4 years, leadership across world and India in product portfolio (most important their chain of chemistry), marquee clients (top API company like Divi's), CRAMS segment is very high margin business (70%+) and they are doing well in it.
My concerns are near term margin pressure because of crude price(major raw material is crude derivatives), valuation is fully priced in and not much room left in near term, market is very volatile and uncertain presently.

Analysing both positives and negatives I am going in half capacity for long term in my portfolio account.

When a 160 crore size of IPOs with good valuation is struggling to get the attention of buyers and hitting Lc on second day only.. it's clear indication that how worse current situation is..
Already on higher side on valuation front... Risk to reward ratio not favourable here.. although company is excellent but currently carnage is going on mid caps.. and that's pulling me back.
This time Happy to b spectator.

I am applying in retail..... post listing if it is available at a discount, i'll buy more.

Made two retail applications, one UPI, other asba

Dear all,
applied one Crore Rs/ worth in Hni. (677 lots)

Thanks

Dear Avenue,
Sorry for my late message, I was busy, applied at exactly 14:59 pm. I came to the site after I applied and saw your message.

Thanks

@ Mravi, thanks your info is giving confidence to us. Applied one bHNI and one sHNI and two retails. Wanted to apply one more bHNI, but couldn't muster courage seeing very less HNI subscription. But I trust your judgement and now feel could have gone for second bHNI. Saw your message after bank closure time.

My apologies to @ Avenue, for not able to post in time. it was really a last minute application.

Thanks

@MRavi.. No worries I just wanted to see interest for this IPO among members here.
I am still interested especially seeing chances of full allotment even in retail category. We can beat SEBI's idea of 1 or 14 lots, by applying 4-6 lots in retail...

I am applying one sHNI via UPI and will see to accept mandate tomorrow.
I am also applying 2 retail applications for 4 - 6 lots

Applied 2 multi lot retails

Applied 2 SHNI

Applied 2 retail lots

@Avenue, @lokes. I applied for 14 lots for Rs.2,06,724 under SHNI through Zerodha / Indusind UPI at 3.42 pm and got accepted. Also received UPI mandate by 3.44 pm. Email also received from Zerodha by 3.44 pm. It is working perfectly all rightly.

@MRavi sir: all the best for big bet here too, as usual. This one looks more safer than rainbow/venus/paradeep.
@trueinfo: hope you have invested as per your own risk/capacity since you might be knowing how much allotment you will be getting approx here with your applications. Getting confidence/guidance is fine but simply following ravi sir or anyone is not advisable at all, as he also keeps mentioning and he usually applies big bets and many goes in favour and many in against too but he has the capacity to handle that much overall.
@avenue: i have mentioned my application in other post and as i predicted, now total HNI has easily crossed 1X and i will mostly accept my shni application upi mandate.

Applied 2 retail
1-asba
1-upi

Applied 2 retail lots via upi way, may accept one or two tomorrow, in worst case - i may forget to accept any mandate 😂, post listing will purchase if listing is weak as per recent trend.

@Avenue,
As per your famous Quote...If I would have not read all the comments here (especially @Jetha Lal's expertise on this IPO), I would have been a just spectator here...not committed this huge one crore allotment during market's carnage time... I will take these shares allotment in both hands... for that, I want to thank @Jetha Lal for his outstanding efforts bringing facts to this this IPO page (in fact to so many IPO;s recently)

p.s: I did not applied 'Aether' for listing or short term...I want to have few names that can compensate me in long term, when I do gambles in SME/ or other IPO's. I felt this one going to be my long term bet.

Thanks

@devbull: yes i also applied at 3.24pm from zerodha hni application and got upi mandate....they have written upto 3pm for hni inside ipo apply page too :)
@Mravi : sir you usually keep most of your ipo shares for medium to long term only :) i don't remember selling anything during listing or short term within 1 month :)

Finally I have applied 2 sHNI (UPI) applications and 2 retail (UPI & ASBA) applications for 4 lots each.
Considering today's market I am a bit positive and may accept at least 1 sHNI mandate along with 4 lot retail ASBA application.

@Noorul.. Venus is moving in line with sensex, took a U turn and closed almost flat. Even Rainbow is recovering steadily, who knows may touch 500 tomorrow, I think one meeting is scheduled for tomorrow.
About PP too I think it will not be that bad :)

One question out of curiosity... Why should company leave something on the table for Investors? as they are not doing any charity. And it is really bad for the company if they have not left anything... I can understand it is bad for investors...

This last minute jump in subscription makes the decision difficult. I wanted 5 lakhs plus allotment and hence, applied for 40 lots (920 shares). Now looking at the HNI subscription numbers, it looks like I will only get 2 lakhs worth shares.

@MRavi Sir
Your appreciation and blessings mean a lot to me🙏☺️
I was reading chemical sector since clean science IPO(I have this gem in my portfolio too) and then tracking clean's quarter results and concall and these helped me to understand business and dynamics of this sector.
I got to know about this company when DHRP was approved and I started reading DHRP of this company and tried to understand everything about this company.

Whatever I learnt about this company I presented to the forum with facts, data and pictures so that forum members can understand everything about this company and take decision as per their understanding and risk appetite.

After doing so much research and analysis I can certainly say that this gem is pure portfolio Company in combination with Clean science.

I feel blessed and honoured that I could be helpful to you and other senior and fellow members in taking decision for this IPO.
At the end I would like to add that you are the most humble person I met on this forum.

Thank you sir 🙏🙏🙏

@naveenM: don't worry, you may get chance to add around same price after listing. Even if you don't get, still you are getting good allotments, mostly more than 2 lakh. If you have another account then you can apply in retail also with 13 lots still to increase your allotment.

@lokes , thanks for your suggestion.
Unfortunately I haven't opened accounts on my family members' names. I should consider that going forward.

I am a NRI and prefer to keep most of my funds in NRE account. Not sure whether the banks allow to open NRIPIS account in the names of minor children. AS per my info, to open NRIPIS in the name of wife too they want to see employment visa.

@Avenue
@MRavi
@JethaLal
@Lokesh.

The post IPO promoters holding at 87% is another silver lining, and we need to read "between the lines". A good issue, and listing above 700 may be feasible!

@checkmate... yes that is definitely another +ve, as Rainbow had only 50%.
This IPO has many positives, and one negative which is price. I am sure mandate acceptance ratio will be high in this IPO as compared to other.

One question out of curiosity...
Why should company leave something on the table for Investors? as they are not doing any charity. And it is really bad for the company if they have not left anything... I can understand it is bad for investors...

@Checkmate ji
Excellent observation.
Post IPO:
Market cap : 8000 crore.
Promoter holding: 87%.
Pre-IPO placement : 233 cr(103cr Nov'21 + 130cr May'22) = 233/8000 = 2.91% of company = Lock-in for 6 months from date of allotment.
Anchor investors : 60%(50% of 808.4 cr) = 242.5 cr = 3% of company( out of which 1.5% lock-in for 30 days and rest 1.5% for 90 days). These Anchor investors who bagged in falling market usually invest for long term.

Considering above all figures around 7% free float available post listing. If any demand comes from institution post listing or positive news about this company then it will boost stock price of this company.

@Avenue sir
Two types of promoter leave something on table in IPO:
1. One who undervalue potential of their company. GOI did in IRCTC which they publicly admitted.

2. Some promoter leave 10-20% to get rewarded another 40-60% from market. This happened in DMART, MTAR, Clean Science etc. This only works when Company is fundamentally very sound.

It's just my observation. Other opinions are most welcome.

@avenue.. I must say company/ promoters should left something for the ipo investors.. so the people who had blocked there money for a period of one week and gone through a process of filing a ipo and than waiting for allotment should b rewarded something.. else secondary market is always open with lotss of opportunities and there one can also find out what is support level of script and where is the resistance..

Greed of the promoters are fading the charm of IPOs.. and this lame subscription figures telling the whole story.. Sometimes because of overvaluation Ipo players wouldn't find sufficient buyers on listing day and it's create a false doubt in there mind about the company and that time they wouldn't mind booking looses.

@ Noorul, knowing fully well, that mostly you are right, but this time as an exception, I will wish that you are proved wrong and Aether has stellar listing.

@Lokes,
Thanks, good luck to you and all those applied.

On your point at # 18, yes mostly (still holding from 95% of my IPO allotments). Some of the IPO's I will be booking profits or loss once the market recovers. What I meant here was that 'Aether' is going to be really a long term portfolio stock as I am convinced that this is going to generate good wealth over longer period.

Thanks

@Checkmate,
valid point and your expectation on listing also reasonable (if the market stays like a closing as of today)

@Jetha Lal,
You are one of the best in this forum. Keep up the great work. (I am also in a opinion that any positive news or next good results will drive this share price higher)

@NaveenM,
I am also little disappointed for not applying my 2nd account bHNI (thinking it will subscribe below 1X in HNI), but it went to 2.51X with out any indication.

As lokes advised, there is possibility also post listing at par or below as the market is swinging wildly. All the best for getting good allotments here.

Not sure if sHNI or bHNI gone high after 3 pm. most likely in bHNI applied heavily. hence chances are more for sHNI...🤞 - Any guess on this @lokes, @Avenue ?

For opening NRI account for your family, there is no issue (not required to have employment visa, just any proof of NRI status). you can transfer funds from your NRE account to other NRE accounts for applying IPO's. Please enquire in other banks.

Thanks

@trueinfo. I will b very happy to b proved wrong here ... For the shake of others 🙂.
FOMO is not in my dictionary.

@MRavi,
On the other hand, if you will watch ZeeBiz (Anil Singhvi's) review on this IPO then must have updated your 1cr application to 2cr.
Too much positiveness shown in this 😂

I am also kind of regretting for not applying for 1 SHNI application.
May buy after listing if flat or negative.

Market has taken support..This will list in good premium

@GJ
😂😂😂
I don’t know Hindi, I never tune into Zee business (also I was so busy and I could not think on 2 Big HNI).

Now possibility is that I may very well get zero in lottery (happened one big HNI in Venus)

Yes, I would also buy on listing if no allotment

Thanks

@MRavi.. I don't think you will miss out bHNI as here subscription is much less as compared to Venus. It is even lesser than Rainbow...
I expect full allotment to retail and sHNI, even bHNI should get good shares if not full allotment...

I have already accepted one sHNI mandate along with 4 lot retail asba application...

Need everyone courage and motivation to accept 2nd sHNI mandate / 2nd 4 lot retail application... :)

My final applications...
1 sHNI for 14 lots, and 2 retail applications for 4 lots each...

I think single chance is given to accept mandate and once failed you can't accept again.

Mandate once rejected or failed due to technical reasons and insufficient funds can't be created again..now buy on listing if available at good price or wait for another good IPO..

Thats my blatant mistake which i done without checking.I hoped for the compulsary allotment but there is no luck for me to this IPO.Thanks for the reply Jeth lal and amith kumar yadav

Biggest drawback of UPI is it gives you only one chance to accept. I think
Problem is we try to take maximum advantage by accepting mandate one day after closing of application time, Otherwise one could cancel application and apply again.

@Avenue.. you are right..and that's why I always apply multiple applications even in low subscribed IPOs..In Ather also i applied three applications and my plan was to accept mandate in two applications.. one extra applications was for back-up in case of mandate failure due to technical reasons..

@ Amit ji
Me bhi jitna karna ho usse jyada hi account me apply kar kar rakhti hu
Agar mandate fail ho gaya to money transfer karke dusre ac me accept karti hu

@Krupa ji ... Great minds think alike...😅..hope other people will also follow this strategy...waise bhi multiple applications lagaane me koi nuksaan to hai nahi..

@ Not a trader..you are welcome..always apply one -two extra applications for back up..when you are accepting mandate a day after closing date of issue..

Sure Amit Kumar.i have query that one to two extra applications means is it from the same PAN having demat acc or from different PAN numbers.I heard some where that If multiple applications with same PAN no means chances of allotment is less.Iam not sure whether it is true or not.

Apply rating dekar sab wait kar rahe hain subscription upar jane ka (I also). Let's see.

The only issue in this IPO is company has not left anything on the table for short term Investors.
Everything else is fine.

At issue price of Rs 642 and FY22 Annualised earning P/E is 72.
There are few more concern:
1. Raw material comes from crude derivatives so margin is going to get impacted in near term. This is same with Clean science.
2. Too much product and client concentration risk(this is not an issue in near term).
3. Valuation is fully priced in and market is too volatile right now.

Disclaimer: I will be applying for long term and will accumulate more if available in range of Rs 500.

Wah Jetha Lal Sir, you are right

if subscription will be 10X
Then I apply in BHNI.

Based on the past growth metrics and future growth prospects of this company I think listing might surprise positively like Campus Activewear (more than GMP on that day), Delhivery (10% is not a small return in 10 days) because of low float of shares after listing, high promoter holding, superb ROE and ROCE, nil debt after utilizing IPO proceeds, Capex from IPO proceeds which will increase revenue by more than 50% by FY24, market share leading products, huge exports opportunity.

Remember Delivery IPO with so much of volatility and selling (especially midcap and small cap) in secondary markets and negative EBITDA, PAT has given 10% returns and even went to 20% returns (as of yesterday gave 5% returns) because of its superior growth prospectus and Aether growing at a CAGR of more than 30% in Revenue, EBITDA and PAT should deserve listing premium.

Note: If market holds 15700 to 15800 levels it might give more than 15 to 20% listing gains which is not bad compared to FDs giving 5-6% pretax in 1 year:).

If market falls more than 3 to 5% from current levels than 5-8% downside might be there or even lists at par to IPO price.

Market is for risk takers and if you need peace of mind, be happy with FD giving 5% in 1 yr returns post tax.

This company IPO falls in the league of Clean science, Gland Pharma, Sona blw, etc.

GMP of rs 10

Dare admi ko jinda rakhta he..
stop loss 5 rs . premium ager tode to nikal jana.

Good strategy,..yahi karunga..Thanks Kala kauva

@yadav ji ...

still strategy works... now Stop loss 13.5. bazar aaj positive or normal negetive bandh deta he to kal 50 rs. naffa milega..🦅

Bazar aaj 16600 ke upar hi raha..ab lagta hai kam se kam 50rs premium pe to khulna hi chahiye..😊

yes... Kala Kauva Aur paiso ki baris 1777

@CL or KK
you mean to say aether will list 719?
Wow!!!!

Maravi sir is here for long term. We won't offer in pre-open :)

If it happens then it is a good opportunity to add a few more shares as it is a Portfolio stock.

It can list at 10 to 15% premium as the market has discounted most of the negatives and sanity prevails during market listing. So it is better if you add at IPO price if its compounding growth story and global market leader in some of the products it sells and only Indian player to manufacture some of the products. Market will always give premium to these kind of companies.

@IPOHNILEARN,
I know YOU are a great predictor of all IPO... what will happen after 17% down, what is the next target level... same like before 50 - 70 levels?, your update/advise with facts will make poor investors like me to learn from this type mistakes in future.

Thanks

😂😂😂😂😀 @Mravi....Pulling legs

@Mravi sir: you think he is same person? i don't think actually :) Not sure....

New member vs IPO guru
Label says everything 😂👍👌

@Nilaykumar,
this not a new member Vs a guru. A normal well wisher as an investor of an IPO (me) and a great market predictor

Dear lokes,
Yes, I think so... he had few conversations with you in few weeks ago. please read his few posts. you can easily identify (though he did not challenged you directly, but he come across few times to me so far).

Thanks

@lokes,
I also guess correctly.
He is same person......
Let's wait for confirmation 😃😃🤑

team,
I am not sure whom you are referring same person. i am quite new to this forum. perhaps you would have exchanged ugly / bitter with some other folks.
I saw rainbow tanked 17%, and going through MRavi comments that he bought it around 436, later i waited for few more days and bought it around 417. if you look at whole market why it is tanking down , due to PE de-rating right?
if not Nifty/Sensex would not have crashed like this, why index got crashed during corona time or Lehman crisis , because of uncertainty around earnings.
Today all cement stocks are dead cheap based on their EV/Tonne.
if you look at Rainbow , scrip fundamentals are very good it is cheaper than KIMS, still it is under 500. if you are a long term investor , you need not worry.
Aether - no doubt on Fundamentals , but whole discussion is around De-rating.
Look at Gland Pharma , it was Trading above 4000/- one point of time. do you think that any thing changed in its fundamentals , answer is No
market re-rates based on certainity right
why IT stocks are suddenly getting re-rated ? if you grow 30% year on year , you can command PE re-rating. why divis is punished though it has phenominal earnigs, it is de-rating, same thing with SRF.
Look at IPO's since from 2020, how many are above issue price , and how many are tanked down.
this kind of euphoria was there for Internet based stocks in 2000 to 2001, FII bought every scrip, later very few scrips stayed and even in USA only FAANG scrips survived, rest all doomed. do you think warren buffet is fool not to invest like us, he sees the value and invest.
if a ether lists at discount , we can buy, even if it lists slight discount , one can buy.
do you think it's EBITDA margins will sustain in short term, if answer is yes, it will not tank down, else it will.
why bector foods is trading below it's issue price? lot of euporia around right.
no one can predict market accurately,
i am not convinced with its valuation based on the current Hyper inflationary environment and central banks monetary policy tightening.
i might be wrong , one can not pass derogatory just because he/she is not aligned with thought process.

@ IPOHNILEARNER
More logic and connotation can be asserted to approve you.
But the ideal behaviour is that when a group of persons buy something out of their conviction right or wrong, they should not be discouraged by saying something ill whatever ground may it have.
Unfortunately it has become the order to behave like this .Many are not prepared to bear with that something may be beyond their intelligible limit.
We should wish good for those who have applied.
I have applied for one retail inspite of not being convinced by its price or future as IPO is always a mystery as to its listing ;, fundamental /market condition and other aspects are less important.
Thank you

@Asoke sarkar,
I tried to read few times (as usual on your very informative posts in the past), but this time, I cant fully understand what are you trying to say...

But, with my limited understanding, you are right that there are many investors like me don't have so much intelligible limit like you...other Genius. Hence, keep educating us to get more logic and connotation.

Thanks