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The company's board authorised and declared the opening of the issue on Monday, 19 June 2023.
The floor price of Rs 984.90 is at a discount of 1.37% to the previous day's closing price of Rs 998.60 on the BSE.
The bank may offer a discount of not more than 5% on the floor price so calculated for the issue.
The bank said that the issue price will be determined in consultation with the book running lead manager appointed for the issue.
A meeting of the fund raising committee is scheduled to be held on or after 22 June 2023, to consider and and approve the issue price for the equity shares to be allotted to qualified institutional buyers.
Aether Industries is a specialty chemical manufacturer in India focused on producing advanced intermediates and specialty chemicals involving complex and differentiated chemistry and technology core competencies.
On consolidated basis, the company's net profit jumped 44.4% to Rs 37.56 crore on 24.6% rise in net sales to Rs 183.78 crore in Q4 FY23 over Q4 FY22.
The scrip declined 0.32% to Rs 995.40 on the BSE.
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