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

Economic Times

Economic Times · 3m 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.

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Ather Energy’s IPO to unlock Rs 530 crore for employees through Esops

Economic Times

Economic Times · 3m ago

Ather Energy’s IPO to unlock Rs 530 crore for employees through Esops

Ather Energy's IPO, launching on April 28, is set to unlock Rs 530 crore for over 1,300 employees through the company's ESOP. The Bengaluru-based electric two-wheeler maker's IPO values Esop shares at Rs 321 each, benefiting employees post a one-year lock-in. The IPO also promises gains for early investors and promoters. The company's FY24 operating revenue rose 28% to Rs 1,578.9 crore. Lead managers include Axis Capital and Nomura.

Ather Energy shares debut at 2.2% premium over IPO price

Economic Times

Economic Times · 3m ago

Ather Energy shares debut at 2.2% premium over IPO price

Ather Energy shares had a modest debut on Indian exchanges, listing at a slight premium over the IPO price. The company's IPO raised Rs 2,981 crore, with significant investments from SBI Mutual Fund. The offer was subscribed 1.43 times, with strong interest from institutional buyers. Proceeds will fund a new manufacturing plant, R&D, marketing, and debt repayment. The IPO will also provide substantial returns for early investors and employees through the employee stock options program.

Ather Energy converts preference shares into equity; likely to launch IPO in April

Economic Times

Economic Times · 5m ago

Ather Energy converts preference shares into equity; likely to launch IPO in April

Ather Energy Ltd, an electric two-wheeler maker, is gearing up for its IPO by converting compulsory convertible preference shares into equity. This conversion complies with regulatory requirements and prepares the company for its expected IPO launch in April. Ather aims to raise funds for a new factory and debt reduction, offering a mix of fresh equity and shares from promoters. This move follows Ola Electric's IPO last year and expands Ather's research capabilities.

Ather Energy Vs Ola Electric: Decoding The Numbers Behind The EV Giants

Inc42 · 10m ago

Ather Energy Vs Ola Electric: Decoding The Numbers Behind The EV Giants

Ather Energy, despite being an early player in the market, has been surpassed by Ola Electric in terms of market reach, infrastructure scaling, and sales. In August 2024, Ather registered around 10,902 units compared to Ola Electric's 27,547 units. To close the gap, Ather can leverage the funds raised from its upcoming IPO to accelerate product development and boost sales.

Ather Energy Eyes INR 4,500 Cr IPO, To File DRHP Next Week

Inc42 · 11m ago

Ather Energy Eyes INR 4,500 Cr IPO, To File DRHP Next Week

Ather Energy is planning to raise $2.5 billion through its IPO, combining a fresh issue and an offer for sale. This move follows the successful IPO of its competitor, Ola Electric. Ather recently entered the unicorn club after securing $71 million from its existing investor, the National Investment and Infrastructure Fund, valuing the company at $1.3 billion.

Ather Energy cuts IPO fresh issue size to Rs 2,626 crore

Economic Times

Economic Times · 3m ago

Ather Energy cuts IPO fresh issue size to Rs 2,626 crore

Ather Energy plans to raise Rs 2,626 crore in its upcoming IPO by reducing the fresh issue size from Rs 3,100 crore. The offering includes an offer for sale by existing investors and promoters. The funds will be used for setting up a factory, R&D, and marketing. The IPO is set to open on April 28. Axis Capital, HSBC Securities, JM Financial, and Nomura are lead managers for the offer.

Exclusive: Ather Energy Converts Into A Public Entity As IPO Plans Gather Steam

Inc42 · 1y ago

Exclusive: Ather Energy Converts Into A Public Entity As IPO Plans Gather Steam

Ather Energy, the electric vehicle startup, has announced its decision to convert from a private company to a public company. The company has renamed itself Ather Energy Ltd from Ather Energy Pvt Ltd. It is now focused on preparing for its Initial Public Offering (IPO) which is expected to take place in the second half of this year. Ather Energy has reportedly hired HSBC Holdings, Nomura Holdings, and JP Morgan Chase & Co to assist with its IPO.

Ather Energy plans IPO with reduced valuation, targets ₹10,461 cr

Inshorts · 4m ago

Ather Energy plans IPO with reduced valuation, targets ₹10,461 cr

Ather Energy backed by Hero MotoCorp is preparing for an IPO with a reduced valuation of ₹10,461 crore, down from the initially targeted ₹17,439 crore, Bloomberg reported. The company recently converted its compulsory convertible preference shares into equity, advancing its IPO plans. The IPO could raise approximately ₹3,487 crore, with a potential launch by late March or early April.

Suzlon Shares in Focus: Promoters Likely to Offload Rs 1,295-Cr Stake via Block Deal at 3% Discount

OutlookIndia

OutlookIndia · 2m ago

Suzlon Shares in Focus: Promoters Likely to Offload Rs 1,295-Cr Stake via Block Deal at 3% Discount

Promoters of Suzlon Energy plan to sell 20 crore shares of the company, reducing their stake from 13.25% to 11.8%. The shares rose nearly 3% during pre-open trade ahead of this Rs 1,295 crore block deal, which offers a 3% discount on the closing price. Suzlon's recent financial performance showed a significant profit increase, attributed to tax gains, and a strong core operational performance, with a 73% revenue jump.

Ather Energy picks JPMorgan, Nomura, HSBC, Indian banks for its $2 billion IPO: Report

IndianStartupNews

IndianStartupNews · 1y ago

Ather Energy picks JPMorgan, Nomura, HSBC, Indian banks for its $2 billion IPO: Report

Indian electric scooter manufacturer Ather Energy has selected HSBC, Nomura, and JPMorgan to lead its upcoming IPO. The company has also brought on JM Financial and Axis Bank for its market debut, aiming for a valuation of around $2bn. The IPO is expected in the latter half of 2024, subject to market conditions. Ather Energy plans to raise $400m through the share sale, with details on the IPO's size and valuation still being finalised. The start-up, founded in 2013, is known for its premium electric scooters and has received backing from Hero MotoCorp and GIC, among others.

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