Purnima Desai has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 89,79,173 Equity shares of face value of INR 10/- each of Aether Industries Limited. Date and time of the opening of the offer for Non-Retail Investors: May 13, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: May 13, 2025 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: May 14, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: May 14, 2025 at 3:30 p.m. The Sale shall continue to take place on a separate window of the Stock Exchanges commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. The Floor Price for the Offer shall be INR 700/- (Rupees Seven Hundred Only)
AETHER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aether Industries promoter Purnima Desai is selling up to 89,79,173 equity shares (6.77% of the company's paid-up share capital) of face value ₹10 each through the stock exchange OFS route. The floor price has been set at ₹700 per share, with no retail discount or green shoe option. The bidding will happen in two sessions: non-Retail Investors can bid on May 13, 2025 (9:15 AM to 3:30 PM), and Retail Investors on May 14, 2025 (9:15 AM to 3:30 PM). DAM Capital Advisors is the lead seller's broker, with JM Financial and UBS Securities also appointed. The purpose of the OFS is to help the company meet the minimum public shareholding requirement mandated under SEBI rules and the Securities Contracts (Regulation) Rules.
The OFS will increase the supply of Aether Industries shares in the market, which could create short-term price pressure. However, the ₹700 floor price acts as a safety net for buyers, and the sale is driven by regulatory compliance (minimum public shareholding) rather than promoter pessimism, which somewhat tempers the negative signal.