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EV manufacturer Ather Energy is reportedly considering reducing the size of its planned IPO by at least $50 million (approximately INR 430 crore) from its earlier target of $400 million (around INR 3,460 crore), due to continued volatility in both Indian and global stock markets. โก As part of this move, the companyโs shareholders are said to be weighing the option of offering fewer shares under the offer-for-sale portion of the IPO.
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Ather Energyโs IPO, valued at INR 2,981 crore, was fully subscribed today, driven by a late surge in demand from qualified institutional buyers (QIBs), who subscribed 1.28 times their allotted portion. By 1:24 PM, the IPO had received bids for 5.66
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After a muted IPO and listing, EV major Ather Energy ended its first trading session 7.22% below its listing price at INR 302.50 on the BSE. Compared to its IPO price of INR 321, the companyโs shares crashed 5.76%. Earlier today, the shares of the E
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Eternal, led by Deepinder Goyal, reported a steep 77.8% decline in its consolidated profit after tax (PAT), which dropped to INR 39 crore in Q4 FY25 from INR 175 crore in the same quarter last year. The sharp fall in profits comes despite strong reve
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Ecom Express and Smartworks receive SEBI nod for IPO Two companies in India have recently received approval to launch their IPOs. These companies are Ecom Express and Smartworks. Both companies received approval from the Securities and Exchange Board
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Zomato and Swiggy are the "Karan and Arjun of the entrepreneurial world." The IPO was oversubscribed by 3.59 times. The โน11,300-crore IPO comprised fresh capital raise of โน4,499 crore and an offer for sale (OFS) of 17.51 shares worth โน6,828 crore. S
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Gensol is facing additional challenges as its lenders, Power Finance Corporation (PFC) and the Indian Renewable Energy Development Agency (IREDA), are reportedly preparing to initiate legal proceedings to recover outstanding loans from the EPC compan
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Bengaluru-based Ola Electric Mobility has set a price band of Rs 72-76 per share for its IPO, which will open for subscription on Friday, August 2. This values the company at Rs 33,522 crore or $4 billion, marking a 30% decrease from its December 2
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Top News Of the Day: 1. AI-powered dark web intelligence startup StealthMole has secured $7m in a series A funding round 2. Mumbai-headquartered venture debt firm Alteria Capital has announced the final close of its third fund at Rs 1,550 crore (ap
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Amid intense competition in the quick commerce space, Blinkitโs adjusted EBITDA loss soared over 381% year-on-year to INR 178 crore in Q4 FY25, compared to INR 37 crore in the same quarter last year. On a sequential basis, the loss increased nearly
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