The global chemicals market was valued at around $5,027 billion in 2020, with India enjoying a market share of 4% that represents about $186 billion.<\/p>\n\n\n\n
The Indian chemicals industry contributes approximately 6.6% of the national gross domestic product. It accounts for 15-17% of the value of the manufacturing sector and is expected to grow at a compound annual rate of 12.2% to $330 billion through 2025.<\/p>\n\n\n\n
Aether Industries Limited has filed a preliminary prospectus with market regulator SEBI to raise \u20b91,000 crores through an initial public offering.<\/p>\n\n\n\n
The public issue consists of a fresh issue of shares aggregating \u20b9757 crores and an offer-for-sale of up to 2,751,000 shares, according to the draft red herring prospectus. The company may also consider raising \u20b9131 crores by issuing equity shares through a preferential offer.<\/p>\n\n\n\n
The company plans to utilize the net proceeds from the fresh issue for funding the development of the proposed Greenfield project. A part of the proceeds will be used for repayment or prepayment of loans. It will use the remainder of the funds to meet working capital needs and for general corporate purposes. \u00a0<\/p>\n\n\n\n
Aether Industries is a speciality chemicals manufacturer in India, focused on the production of advanced intermediates and speciality chemicals that involve complex and differentiated chemistry and technology core competencies.<\/p>\n\n\n\n
The Surat, Gujarat-based company started with a research and development unit in 2013 and began commercial production in 2017. It caters to the pharmaceutical, agrochemical, material science, electronic chemical, high-performance photography and oil & gas industries.<\/p>\n\n\n\n
Aether Industries\u2019 main competitors are Prakash Chemicals International, HP International, National Peroxide Limited, Dura Build Care and Palvi Industries.<\/p>\n\n\n\n
In fiscal 2021, the company\u2019s operating revenue grew to \u20b9450 crores from \u20b9302 crores in fiscal 2020. Its net profit climbed to \u20b971 crores from \u20b940 crores last year. The company had total revenue of \u20b9454 crores, up 49% from the previous year.<\/p>\n\n\n\n
Aether\u2019s manufacturing processes involve the production, storage and transportation of various hazardous substances such as phenol, hydrogen, ethylene oxide and methanol. Such activities pose risks like potential leakages and explosions. The discharge\/release of toxic or hazardous substances may cause personal injury, property damage and environmental contamination.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
The global chemicals market was valued at around $5,027 billion in 2020, with India enjoying a market share of 4% that represents about $186 billion. The Indian chemicals industry contributes approximately 6.6% of the national gross domestic product. It accounts for 15-17% of the value of the manufacturing sector and is expected to grow at […]<\/p>\n","protected":false},"author":1738,"featured_media":124093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5753,5748,12,10444],"tags":[8880,8519,8248,2132,9883],"class_list":["post-127843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrials","category-ipo","category-other-industries","category-others","tag-agriculture","tag-chemicals","tag-ipo","tag-manufacturing","tag-research-and-development"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":126129,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-jesons-industries-files-papers-for-an-initial-public-offering\/","url_meta":{"origin":127843,"position":0},"title":"IPO Alert: Jesons Industries files papers for an initial public offering","author":"Nishad","date":"December 13, 2021","format":false,"excerpt":"The global chemicals market is valued at around $5.02 trillion, with India accounting for around 4% of the market share. The sector is expected to grow at a compound annual rate of 6.2% and reach about $6.7 trillion by 2025. Meanwhile, the global adhesives market is valued at around $47\u2026","rel":"","context":"In "Industrials"","block_context":{"text":"Industrials","link":"https:\/\/alphastreet.com\/india\/category\/industrials\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":128249,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-dharmaj-crop-guard-files-papers-for-%e2%82%b9300-crore-public-listing\/","url_meta":{"origin":127843,"position":1},"title":"IPO Alert: Dharmaj Crop Guard files papers for \u20b9300-crore public listing","author":"Nishad","date":"March 14, 2022","format":false,"excerpt":"The global pesticides market has grown at a compound annual rate of 4.3% to $67 billion in 2020 from $57 billion in 2016. It is expected to grow1.6-1.8% through 2024 and reach about $71-$72 billion. India ranks fourth in the world in agrochemicals production and 13th in pesticides exports globally.\u2026","rel":"","context":"In "Agricultural Products"","block_context":{"text":"Agricultural Products","link":"https:\/\/alphastreet.com\/india\/category\/agricultural-products\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124949,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-godavari-biorefineries-files-papers-with-sebi-for-a-public-issue\/","url_meta":{"origin":127843,"position":2},"title":"IPO Alert: Godavari Biorefineries files papers with SEBI for a public issue","author":"Nishadkishore","date":"October 5, 2021","format":false,"excerpt":"The government\u2019s Make-in-India project has shifted a considerable focus to export activities. As part of the efforts to reduce dependency on imported crude oil and channelize excess sugar inventories into ethanol production, the authorities are promoting ethanol capacity expansion in the country. The Indian ethanol market is estimated to grow\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/alphastreet.com\/india\/category\/energy-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":128159,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-fabindia-limited-files-for-initial-public-offering\/","url_meta":{"origin":127843,"position":3},"title":"IPO Alert: FabIndia Limited files for initial public offering","author":"Nishad","date":"March 8, 2022","format":false,"excerpt":"The apparel industry in India is estimated to have grown at a compound annual rate of 10.6% over the past five years and reached \u20b95,561 billion in fiscal 2020. Menswear accounted for 41% of the total apparel market, followed by women\u2019s wear at 37%. Kidswear accounted for the remaining 22%.\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":126358,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-bharat-fih-limited-files-paper-for-a-public-listing\/","url_meta":{"origin":127843,"position":4},"title":"IPO Alert: Bharat FIH Limited files paper for a public listing","author":"Nishad","date":"January 18, 2022","format":false,"excerpt":"The electronics industry, one of the fastest-growing businesses in India, is projected to grow at a compound annual rate of 25.5% and reach \u20b920,873 billion by 2026. The industry, which includes domestic manufacturing of electronic products and imports of finished goods, was valued at \u20b96,711 billion at the end of\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":128083,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-sanathan-textiles-files-for-%e2%82%b91300-crore-initial-public-offering\/","url_meta":{"origin":127843,"position":5},"title":"IPO Alert: Sanathan Textiles files for \u20b91,300-crore initial public offering","author":"Nishad","date":"March 2, 2022","format":false,"excerpt":"The textile sector in India plays an important role in the country\u2019s economic activity. Together, the textile, leather and apparel industries contributed around 13% to the gross value added in fiscal 2020. The global textile industry is estimated to have reached $978 billion in fiscal 2021 and is expected to\u2026","rel":"","context":"In "Industrials"","block_context":{"text":"Industrials","link":"https:\/\/alphastreet.com\/india\/category\/industrials\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/127843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1738"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=127843"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/127843\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/124093"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=127843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=127843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=127843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}