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Ather Energy shares to list today, grey market shows muted interest

Economic Times

Economic Times · 3m ago

Ather Energy shares to list today, grey market shows muted interest

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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Economic Times · 10d ago

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Hyundai Motor shares tank 7% today; check analyst views, targets & more

Business Today

Business Today · 6m ago

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Jaipur man buys Ather electric scooter worth a lakh using ₹10 coins: See Pic

Livemint

Livemint · 1y ago

Jaipur man buys Ather electric scooter worth a lakh using ₹10 coins: See Pic

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.

How IPO-bound Ather Energy stacks up against Ola Electric, Bajaj Auto, Hero Moto, TVS Motor

Economic Times

Economic Times · 4m ago

How IPO-bound Ather Energy stacks up against Ola Electric, Bajaj Auto, Hero Moto, TVS Motor

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.

IPOs get trimmed as selling shareholders hold back on OFS plans

Livemint

Livemint · 22d ago

IPOs get trimmed as selling shareholders hold back on OFS plans

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.

Zerodha co-founder Nikhil Kamath to invest in Ola Electric-rival Ather Energy: Report

IndianStartupNews

IndianStartupNews · 1y ago

Zerodha co-founder Nikhil Kamath to invest in Ola Electric-rival Ather Energy: Report

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.

Promoters, early backers of Ather Energy eye strong gains through IPO

Economic Times

Economic Times · 4m ago

Promoters, early backers of Ather Energy eye strong gains through IPO

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.

Hero MotoCorp-backed Ather Energy may launch its IPO by mid-April

Business Today

Business Today · 5m ago

Hero MotoCorp-backed Ather Energy may launch its IPO by mid-April

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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