Can you tell me about how many shares Aether Industries will be issuing under new shares and OFS?
Answer
Answer
Here is what you need to know about the capital size of the Aether Industries issue and how the issue will be structured.
· The Aether Industries Ltd IPO will overall entail the issue of 1,25,86,355 shares or 125.86 lakh shares in the price band of Rs.610 to Rs.642. The total issue size at the upper end of the price band works out to Rs.808.04 crore, which will be the peak size of the IPO.
· The offer for sale (OFS) portion will comprise of the issue of 28,20,000 shares which at the upper price band of Rs.642 works out to a total issue value of Rs.181.04 crore. OFS is just transfer of ownership and does not lead to fresh funds coming into the company or even equity dilution of the equity.
· The fresh issue component of Aether Industries will entail the issue of 97,66,355 shares, which at the upper price band of Rs.642 and it totally works out to Rs.627 crore. The fresh issue is EPS dilutive and it also entails fresh fund inflow into the company which will be used for capex and for repayment of debt.
In addition, the company has also reserved up to 11,13,707 shares for preferential allotment to the employees of Aether Industries Ltd. The public issue will be net of this employee reservation. There is no mention of any employee discount.