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Ather Energy shares to list today, grey market shows muted interest
Economic Times
·
3m ago
Medial
Ather Energy's shares are set to list on exchanges amid modest grey market interest, indicated by a Rs 14 premium over the Rs 321 issue price. The IPO aimed to raise Rs 2,981 crore, including Rs 2,626 crore from fresh issues. Institutional investors showed robust interest, whereas non-institutional uptake was lower. Proceeds will fund a new plant, R&D, marketing, and debt repayment. Prominent investors like Tiger Global and others anticipate significant returns.
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IPO Wave To Continue: 20+ New-Age Tech Companies Eye Public Listings In 2025
Inc42
·
7m ago
Medial
In 2024, 13 new-age tech companies went public, benefiting from a strong market and the success of other startups. This has led to a growing interest in IPOs among tech companies, with over 20 planning to list in 2025. Some companies like ArisInfra, Ecom Express, and Smartworks have already received approval from SEBI for their IPOs, while others like Ather Energy, BlueStone, and DevX are still awaiting regulatory approval.
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Hyundai Motor shares tank 7% today; check analyst views, targets & more
Business Today
·
5m ago
Medial
Hyundai Motor India Ltd shares dropped over 6.65% to Rs 1,700.05, reducing its market capitalization to Rs 1.38 lakh crore. This decline was influenced by concerns over sales volume, speculation about relaxed EV imports, muted quarterly earnings, and the potential entry of Tesla into the Indian market.
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Jaipur man buys Ather electric scooter worth a lakh using ₹10 coins: See Pic
Livemint
·
1y ago
Medial
A man in Jaipur, Rajasthan, made an interesting purchase recently by buying an Ather 450 Electric Scooter worth over ₹1 lakh, completely paid in ₹10 coins. A picture shared by Ather Energy CEO Tarun Mehta showed the "new Ather owner" being handed over the keys, along with pouches filled with ₹10 coins. Ather Energy, backed by investors like GIC and Flipkart founders, is planning to list in India and has a market valuation of $739.4 million, with expectations of electric two-wheeler sales increasing to 60%-70% by 2030. A potential IPO in Mumbai is also being considered, which could value the company at about $2 billion.
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How IPO-bound Ather Energy stacks up against Ola Electric, Bajaj Auto, Hero Moto, TVS Motor
Economic Times
·
3m ago
Medial
Ather Energy, an electric two-wheeler company, is preparing for an IPO but lags behind peers like Ola Electric, Bajaj Auto, Hero MotoCorp, and TVS Motor in business metrics. Despite posting losses, Ather aims to expand its market presence and manufacturing capacity. With a current market share of 10.7%, Ather plans to enhance its distribution network and launch new platforms. The IPO aims to raise Rs 2,981 crore with shares listed on May 6.
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IPOs get trimmed as selling shareholders hold back on OFS plans
Livemint
·
1d ago
Medial
Amid a crowded IPO market and disappointing valuations, many firms are reducing their offer-for-sale components. Bankers advise companies to adopt more rational pricing, encouraging them to leave room for incoming investors. Due to muted investor feedback, companies like HDB Financial, Ather Energy, and NSDL are scaling back stake sales, favoring post-listing strategies. This shift reflects a trend where firms adjust IPO pricing and sales plans to attract better exits through block deals and secondary sales.
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Zerodha co-founder Nikhil Kamath to invest in Ola Electric-rival Ather Energy: Report
IndianStartupNews
·
1y ago
Medial
Zerodha's Co-founder, Nikhil Kamath, is set to invest in Ather Energy, an EV maker competing with Ola Electric. The investment will be a secondary share sale, with Nikhil acquiring existing investors' shares in the company. Ather Energy recently raised Rs 900 crore in funding and offers electric two-wheelers such as the 450S and 450X models. Notable investors in Ather Energy include Hero MotoCorp, GIC, and Sachin Bansal.
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Promoters, early backers of Ather Energy eye strong gains through IPO
Economic Times
·
3m ago
Medial
Promoters and early investors in Ather Energy, including Tiger Global and GIC, are set to gain significantly from its upcoming IPO. While Ather has reduced its IPO size due to market conditions, it will still see founders and major investors offloading shares. Ather focuses on investments in product and technology rather than asset-heavy areas like cell manufacturing, which are prone to technological volatility. The company reported a revenue increase and reduced losses, showcasing strong financial performance.
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Aditya Infotech IPO GMP hints at 44% listing premium ahead of debut tomorrow
Economic Times
·
4d ago
Medial
Aditya Infotech's Rs 1,300-crore IPO, set for BSE and NSE listing, shows strong demand with a 44% expected premium in the grey market. The IPO, comprising Rs 500 crore fresh issue and Rs 800 crore for sale, was subscribed 106.23 times, indicating robust investor interest. The company, a major electronic surveillance supplier in India, aims to use proceeds for debt repayment and corporate purposes, with strong financial performance fueling investor confidence.
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Hero MotoCorp-backed Ather Energy may launch its IPO by mid-April
Business Today
·
4m ago
Medial
Ather Energy, supported by Hero MotoCorp, plans to launch its IPO in mid-April, featuring a fresh share sale of Rs 3,100 crore and an offer for sale (OFS) of up to 2.2 crore equity shares. Valued at Rs 14,000-15,000 crore, the IPO is managed by Axis Capital, HSBC, JM Financial, and Nomura, and will list on BSE and NSE. Funds raised will support capex, debt repayment, and corporate needs.
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Ather raises Rs 1,340 Cr from anchor investors ahead of listing
Entrackr
·
3m ago
Medial
Ather raises Rs 1,340 Cr from anchor investors ahead of listing Electric two-wheeler maker Ather Energy has allocated shares worth Rs 1,340 crore (around $157 million) to anchor investors ahead of its initial public offering (IPO). The board at Unicommerce has passed a resolution to offer 4,17,45,576 equity shares at an issue price of Rs 321 each (upper-band) to its anchor investors, its regulatory filing accessed from the Bombay Stock Exchange (BSE) shows. SBI, Abu Dhabi Investment Authority (ADIA), Invesco, Franklin Templeton, ICICI Prudential, Morgan Stanley, and Societe Generale are some key anchor investors for Ather. Out of the total issue, 49.6% of the total allocation was made to 7 domestic mutual funds through 14 schemes, the filing further added. Ather Energy initiated its public offering from (28th - 30th April) at a price band of (Rs 304-321) with a minimum bid quantity of 46 equity shares. Before the anchor round, Hero MotoCorp is the largest shareholder in Ather Energy, holding 38.19% of the company. It is followed by Caladium Investment (GIC) with a 15.43% stake. The National Investment and Infrastructure Fund (NIIF) and Tiger Global hold 14.22% and 6.56%, respectively. Ather’s co-founders, Mehta and Jain, each hold 6.81%. According to Entrackr’s estimates, Ather valued itself at $1.44 billion in its initial public offering. In the first nine months of FY25, the company sold 1,08,000 vehicles, generating revenue of Rs 1,578.9 crore. However, it posted a loss of Rs 579.6 crore during the same period. For the full fiscal year ending March 2024, the company reported revenue of Rs 1,753 crore with a loss of Rs 1,062 crore.
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