AETL IPO price band fixed at Rs 880-896

Advanced Enzyme Technologies (AETL) has fixed a price band of Rs 880-896 per share for its initial public offering (IPO). The issue, which consists of a fresh issue of Rs 50 crore and an offer for sale, will open for bidding on July 20 and close on July 22.

AETL is the largest Indian enzyme company, engaged in the research and development, manufacturing and marketing of over 400 proprietary products developed from 60 indigenous enzymes.  It ranks among the top 15 global companies in terms of enzyme sales and has the second highest market share domestically, next only to the world’s largest enzyme company Novozymes.  It operates in two business verticals namely healthcare and nutrition (human and animal) and bio-processing (food and non-food).
It offers products to its global clientele of more than 700 customers spanning presence across 50 countries.