Latest news with #321
Mint
4 days ago
- Business
- Mint
Ather Energy share price falls over 2% as one-month IPO lock-in period expires today
Ather Energy share price fell over 2% on Monday as the one-month lock-in period of pre-IPO investors expired today. Ather Energy shares declined as much as 2.18% to ₹ 306.00 apiece on the BSE. Ather Energy shares were listed on the Indian stock exchanges - BSE and NSE - on 6 May 2025, after the conclusion of its initial public offering (IPO). As per SEBI regulations, there is a mandatory lock-in period on all shares allocated to anchor investors in IPOs. Specifically, 50% of the allocated shares to anchor investors are subject to a lock-in period of 30 days from the date of allotment, while the remaining 50% are locked in for a period of 90 days. The one-month anchor investors lock-in period for Ather Energy expires today, 2 June 2025. The Hero MotoCorp-backed electric two-wheeler maker had raised ₹ 1,340 crore from anchor investors by allocating 4.17 crore equity shares to 36 funds at ₹ 321 apiece, the upper end of the IPO price band. Thus, as the 30-day IPO lock-in period expires today, around 2.1 crore Ather Energy shares will be available for trading in the stock market, which accounts for 6% of total outstanding shares. This will be followed by another 2.1 crore Ather Energy shares getting unfreeze on July 31. Ather Energy shares made a lukewarm debut in the Indian stock market on May 6, as the EV stock was listed at just a 2% premium over its issue price. Ather Energy share price was listed at ₹ 328 on the NSE, a premium of 2.18% to the IPO price of ₹ 321 per share. On the BSE, Ather Energy shares debuted with a 1.57% premium at ₹ 326.05. Ather Energy share price is trading lower than its issue price as well as its listing price. The stock hit a record high of ₹ 342.95 apiece 21 May 2025, and a low of ₹ 287.30 apiece on 07 May 2025. The EV stock is down 4.7% from its IPO price, and 6.14% lower from its listing price on the BSE. At 10:35 AM, Ather Energy shares were trading flat at ₹ 314.00 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Yahoo
26-05-2025
- Sport
- Yahoo
Cubs host historically bad Rockies in Memorial Day matinee to begin 3-game series at Wrigley Field
CHICAGO — After a wild weekend in Cincinnati, the first-place Cubs return home to take on the worst team in baseball. And, to this point, the worst team in modern MLB history. The Cubs open a three-game series against the Colorado Rockies at Wrigley Field on Monday with a 1:20 p.m. Memorial Day matinee. Advertisement The Cubs enter Memorial Day, traditionally viewed as a good marker to start really looking at the standings, with a 32-21 record and a two-game lead over the white-hot St. Louis Cardinals for first place in the NL Central. The Cubs are coming off a crazy three-game series in Cincinnati, rallying twice from big deficits in the final innings to take two of three, including Sunday's 11-8 come-from-behind win — with two homers from a most unlikely source. Chicago leads all of baseball with 321 runs scored behind an offense that's generated some of the highest production in Cubs history through a season's first two months. The Rockies? Well, they're on the completely opposite end of the spectrum. Advertisement García hits a big 2-run double as the Rangers stop a 6-game slide by edging the White Sox 5-4 Colorado enters the series a dismal 9-44, on pace for a worse record than even last season's White Sox, who set a Modern Era MLB record with 121 losses in a season. The Rockies were 8-42 through their first 50 games, the worst 50-game start in MLB's Modern Era (since 1900). They've allowed the most runs in MLB so far this season and scored the second-least. So, on paper, this is a series the Cubs should win easily and probably sweep. But it is baseball, so anything can happen. Here's a look at the teams going into Monday's Memorial Day matchup: Advertisement Colorado Rockies (9-44, fifth in the NL West) vs. Chicago Cubs (32-21, first in the NL Central) MONDAY'S PITCHING PROBABLES: Rockies: Carson Palmquist (0-2, 11.88 ERA, 2.52 WHIP, two strikeouts); Cubs: Jameson Taillon (3-3, 4.13 ERA, 1.09 WHIP, 44 strikeouts) BETMGM SPORTSBOOK LINE: Cubs -345, Rockies +274; over/under is 8 runs BOTTOM LINE: Chicago is 32-21 overall and 15-10 at home. The Cubs have the second-best team slugging percentage in the majors at .459. Colorado has gone 3-22 on the road and 9-44 overall. The Rockies have a 2-10 record in games when they hit two or more home runs. The teams meet Monday for the first time this season. Advertisement TOP PERFORMERS: Kyle Tucker has 12 home runs, 36 walks and 37 RBI, while hitting .279 for the Cubs. Seiya Suzuki is 16-for-39 with seven doubles, four home runs and 15 RBI over the last 10 games. Jordan Beck leads the Rockies with eight home runs while slugging .536. Ezequiel Tovar is 16-for-35 with two home runs and five RBI over the last 10 games. LAST 10 GAMES: Cubs: 7-3, .316 batting average, 4.18 ERA, outscored opponents by 37 runs; Rockies: 2-8, .237 batting average, 5.73 ERA, outscored by 34 runs INJURIES: Cubs: Carson Kelly: day-to-day (illness), Miguel Amaya: 10-Day IL (oblique), Porter Hodge: 15-Day IL (oblique), Tyson Miller: 60-Day IL (hip), Eli Morgan: 60-Day IL (elbow), Shota Imanaga: 15-Day IL (leg), Javier Assad: 60-Day IL (oblique), Justin Steele: 60-Day IL (elbow) Advertisement Rockies: Chase Dollander: 15-Day IL (forearm), Kris Bryant: 60-Day IL (lumbar), Ryan Feltner: 15-Day IL (back), Thairo Estrada: 60-Day IL (wrist), Victor Vodnik: 15-Day IL (shoulder), Austin Gomber: 60-Day IL (shoulder), Jeff Criswell: 60-Day IL (elbow) UP NEXT: This series begins a six-game homestand for the Cubs. They'll have a day off at home on Thursday before hosting the Reds for a weekend series. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. For the latest news, weather, sports, and streaming video, head to WGN-TV.
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Business Standard
14-05-2025
- Business
- Business Standard
India's edible oil stocks fall to five-year low on weak palm oil imports
India's edible oil stocks in ports and pipelines dipped to a five-year low of 1.35 million tonnes (mt) as on May 1, 2025, due to a sharp drop in April palm oil imports that fell to their lowest in four years, data from the Solvent Extractors Association of India (SEA) showed. The last time India had lower than May 1, 2025 stocks in ports and pipelines was back on 1 May 2020, when it had stocks of around 0.91 mt. Depleted stocks may mean India will increase imports of palm oil and soyoil in the coming months, supporting Malaysian palm oil prices and US soyoil futures, news agency Reuters said. India's palm oil imports in April fell by 24.29 per cent from March to 321,446 tonnes, the SEA said. 'Low stocks do not mean that edible oil supplies are inadequate in the country. Stocks and imports have also dropped as mustard seed crushing is going on in full swing in the country, which is why domestic supplies are good,' said BV Mehta, executive director of SEA. The low stocks and low imports have come at a time when edible oil inflation in April 2025 as measured by the Consumer Price Index (CPI) had soared to 17.4 per cent, marking the sixth successive month of double-digit inflation — a pace not seen since March 2022, when the Russia-Ukraine conflict had just begun. 'The high edible oil prices are due to the fact that the landed price of crude palm oil in Mumbai ports, which is the benchmark, is still at around $1,100 per tonne, though it has softened since March,' Mehta said. Last year, during the same time, the landed price of crude palm oil was less than $1,000 per tonne. He said another reason for the high retail price of edible oils is that oil meals demand from the livestock industry has gone down, which is why millers are not able to bring down the retail price of edible oil. 'When a miller crushes oilseeds, he gets his revenues from selling edible oils and oil meals (to the livestock sector). Now when demand for one (oil meals) has gone down sharply, the pressure is on the other to compensate for the falling margins,' a trader said. Oil meals demand from the livestock industry has come down due to high supply of DDGS (Distiller's Dried Grains with Solubles), which is a by-product of ethanol production. With India producing over 5 billion litres of ethanol, the production of DDGS has gone up manifold. 'Rapeseed meal and rice bran meal are used for cattle feed while soymeal is used by the poultry sector. Demand for all of them has gone down due to DDGS,' Mehta said.
News18
02-05-2025
- Business
- News18
Ather Energy IPO Allotment Today: How To Check Status Online? Know A Step-By-Step Guide, Latest GMP
Last Updated: Unlisted shares of Ather Energy are trading at Rs 321 apiece, which is a zero premium (GMP) over the IPO price of Rs 321, indicating flat or negative listing gains for investors. Ather Energy IPO Allotment: The Ather Energy IPO allotment is expected to be finalised on in the evening today, May 2. Once allotted, investors will start receiving bank debit messages. They can also check the IPO allotment status on the BSE or NSE websites as well as registrar Link Intime India Pvt Ltd's portal. The initial public offering, which was open between April 28 and April 30, received an overall subscription of 1.50 times garnering bids for 7,67,49,068 shares as against the 5,11,22,370 shares on offer. The retail category has been fully subscribed with 1.89 times subscription, while the NII has got a 0.69 times subscription. The QIB category has received a 1.76 times subscription. The price of the Rs 2,981-crore IPO was fixed in the range of Rs 304 to Rs 321 apiece. Ather Energy IPO: How To Check Allotment Status? 1) Go to the official BSE website via the URL — 2) Select 'Equity' under 'Issue Type'. 3) Under 'Issue Name', select 'Ather Energy Limited' in the dropdown menu. 4) Enter your application number, or the Permanent Account Number (PAN). 5) Then, click on the 'Search' button, after clocking on 'I'm not a robot' button. Your share application status will appear on your screen. and check the Ather Energy IPO allotment status. Ather Energy IPO GMP Today According to market observers, unlisted shares of Ather Energy Ltd are currently trading at Rs 321 apiece, which is a zero per cent premium (GMP) over the IPO price of Rs 321, indicating flat or negative listing gains for investors. Its listing is scheduled to take place on May 6 on both BSE and NSE. The GMP is based on market sentiments and keeps changing. 'Grey market premium' indicates investors' readiness to pay more than the issue price. About Ather Energy Ather Energy Limited, incorporated in 2013, is an Indian electric two-wheeler (E2W) company engaged in the design, development, and in-house assembly of electric scooters, battery packs, charging infrastructure, and supporting software systems. The company operates as a vertically integrated EV manufacturer with a focus on product and technology development. Ather Energy's Financials As of December 31, 2024, the company's assets stood at Rs 2,172 crore, up from Rs 818.6 crore in March 2022. Revenue increased from Rs 413.8 crore in FY22 to Rs 1,617.4 crore in the nine months ended December 2024, indicating strong sales momentum. However, the company continues to report losses, with a net loss of Rs 577.9 crore for the nine-month period ending December 2024, compared to a loss of Rs 1,059.7 crore in FY24 and Rs 864.5 crore in FY23. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published: May 02, 2025, 09:42 IST
India Today
01-05-2025
- Business
- India Today
Ather Energy IPO: Step-by-step guide to check allotment status. See latest GMP
The allotment status of the Ather Energy IPO will be finalised on Friday, May 2, 2025, following a quiet response from electric scooter maker's public offer was just fully subscribed by the end of the third and final day of bidding, suggesting investors were not keen to put their money on another EV scooter maker, after Ola Electric shares have not performed well since its market debut. The IPO saw an overall subscription of 1.50 times. Retail investors subscribed 1.89 times their portion,Qualified Institutional Buyers (QIBs) subscribed 1.76 times, while Non-Institutional Investors (NIIs) lagged behind with only 0.69 times subscription. The IPO remained open between April 28 and April 30, with a price band of Rs 304 to Rs 321 per share. The lot size was set at 46 total, the issue received bids for 7,67,49,068 shares against the offer of 5,11,22,370 shares. Ather Energy raised Rs 2,980.76 crore through this public issue. This included a fresh issue worth Rs 2,626 crore and an offer-for-sale (OFS) of up to 1,10,51,746 equity shares by existing who applied for shares can expect to receive alerts through SMS, email, or bank messages regarding the debit of funds or release of IPO mandates by the weekend or by Monday, May TO CHECK ATHER ENERGY IPO ALLOTMENT ON BSE WEBSITETo check the allotment status through the BSE website, investors need to go to the official BSE select 'Equity' and choose 'Ather Energy Limited' from the that, enter the application number and PAN card the captcha code and click submit to view the TO CHECK ALLOTMENT THROUGH LINK INTIME INDIA WEBSITETo check via the registrar, Link Intime India Private Ltd, go to its official 'Ather Energy Limited' from the choose whether to enter Application Number, PAN, or Demat account entering the correct captcha code, click 'Submit' to view the allotment GMP FOR ATHER ENERGY IPOThe grey market premium (GMP) for the Ather Energy IPO was Rs 17 before the issue opened for the GMP has dropped to Rs 0 as of May 1, 2025, 08:30 AM. With the upper end of the price band at Rs 321, the expected listing price is also Rs 321. This implies there is no expected premium or discount, indicating a flat listing based on the latest shares are likely to be listed on BSE and NSE on Tuesday, May 6, 2025. advertisement
