Latest news with #AtherEnergyLtd
Mint
06-05-2025
- Automotive
- Mint
Ola Electric's Bhavish Aggarwal sends heartwarming message to rival Ather Energy on market debut: ‘Let's together make…'
As shares of electric two-wheeler making company Ather Energy Ltd debuted on the stock exchanges on Tuesday, its rival Ola Electric's founder Bhavish Aggarwal posted a heartwarming message on social media. In a post on X, Ola CEO Bhavish Aggarwal congratulated Ather Energy CEO Tarun Mehta and his company on reaching the milestone of being a listed company. 'Congrats to @tarunsmehta and the whole @atherenergy team on this milestone for the Indian EV industry,' Aggarwal said. He hoped to make India the global EV hub together with Ather and Ola Electric. 'Let's together make India the global EV hub.' Earlier in the day, Bhavish Aggarwal's Ola Electric also put a message for Ather Energy upon its stock exchange debut. 'The EV revolution was never meant to be solo. Welcome to the bourses @atherenergy! Let's go full throttle,' the company said in a post on X. Bhavish Aggarwal's message for Ather Energy received support from netizens, who were impressed with his positivity. 'EV journey was always supposed to be a collaborative effort. Good to see @OlaElectric and @Bhash praising @Atherenergy on their listing day,' a user commented. 'This is what it'll take; working together to put EV's ahead of ICE,' another added. 'Good luck both the companies! Let's change the way India drives! We definitely need a sustainable growth and you guys are pioneering that,' a third user said. Shares of electric two-wheeler maker Ather Energy Ltd on Tuesday listed with a premium of over 2 per cent against the issue price of ₹ 321. The stock started the trade at ₹ 326.05, up 1.57 per cent from the issue price on the BSE. At the NSE, it listed at ₹ 328, a premium of 2.18 per cent. Later during intraday trade, Ather Energy share price declined 6 per cent on the bourses. The Ather Energy IPO got subscribed 1.43 times on the closing day of bidding on Wednesday, backed by oversubscription in QIB and retail investor categories. The ₹ 2,981-crore Ather Energy IPO had a price band of ₹ 304-321 apiece. This was the first mainboard public issue of the current financial year 2025-26. The Ather Energy IPO was a combination of a fresh issue of equity shares worth ₹ 2,626 crore and an offer-for-sale of 1.1 crore equity shares by promoters and other shareholders. This is the second electric two-wheeler company to go public after Ola Electric Mobility floated its ₹ 6,145-crore IPO in August last year. First Published: 6 May 2025, 04:32 PM IST
News18
06-05-2025
- Business
- News18
Ather Energy Lists At 2% Premium: Should You Hold, Sell Or Buy?
Last Updated: Ather Energy's stock started the trade at Rs 326.05, up 1.57 per cent from the issue price on the BSE. Later, it climbed 3.70 per cent to Rs 332.90. Shares of electric two-wheeler maker Ather Energy Ltd on Tuesday listed with a premium of over 2 per cent against the issue price of Rs 321. The stock started the trade at Rs 326.05, up 1.57 per cent from the issue price on the BSE. Later, it climbed 3.70 per cent to Rs 332.90. At the NSE, it listed at Rs 328, a premium of 2.18 per cent. The company's market valuation stood at Rs 12,110.53 crore. Prashanth Tapse, senior vice-president (research) of Mehta Equities Ltd, said, 'As expected, we see a flat listing, which was justified, as the issue was aggressively priced, especially when benchmarked against peer OLA Electric. We continue to believe the electric two-wheeler (EV 2W) segment remains highly competitive and capital-intensive, with most players, including market leaders, struggling to achieve sustainable profitability and raising concern with new investors." 'Given these facts and risks, we recommend a 'HOLD' only to risk taking investors, who are comfortable with short- to medium-term volatility while conservative investors may still prefer a wait-and-watch, allowing the stock to settle with some reasonable valuation post-listing," he added. Tapse said industry being in the high growth-high competition-high cash burning segment, there will be high volatility both in business as well as in the price action, hence investors should be aware of volatility and risk in short to medium term investing. In the equity market, the 30-share BSE benchmark gauge was trading 238.61 points lower at 80,549.43. The NSE Nifty was quoted 81.05 points down at 24,380.10. The Rs 2,981-crore initial share sale had a price band of Rs 304-321 apiece. This was the first mainboard public issue of the current financial year 2025-26. The initial public offering (IPO) was a combination of a fresh issue of equity shares worth Rs 2,626 crore and an offer-for-sale of 1.1 crore equity shares by promoters and other shareholders. This is the second electric two-wheeler company to go public after Ola Electric Mobility floated its Rs 6,145-crore IPO in August last year. First Published: May 06, 2025, 11:19 IST
Mint
06-05-2025
- Business
- Mint
Ather Energy Share Price Live Updates: What GMP, experts signal about stock listing in stock market today?
Ather Energy Share Price Live Updates: Ather Energy shares are scheduled to debut on the Indian stock market today. The initial public offering (IPO) of the electric vehicle manufacturer Ather Energy Ltd concluded with moderate demand. The Ather Energy IPO listing date is set for today, May 6. The public offering was open for subscription from April 28 to April 30. The allocation for the Ather Energy IPO was completed on May 2. The listing date for Ather Energy's shares has been confirmed as May 6, Tuesday, and they will be available on both stock exchanges, BSE and NSE. The BSE announced that starting from Tuesday, May 6, 2025, the equity shares of Ather Energy Limited will be listed and permitted for trade on the exchange within the 'B' Group of Securities. Ather Energy shares will participate in the Special Pre-open Session (SPOS) on Tuesday, May 6, 2025, according to the notice, and trading will start at 10:00 AM. The electric two-wheeler manufacturer Ather Energy's initial public offer was subscribed 1.43 times on the final day of bidding on Wednesday, driven by strong oversubscription in the QIB and retail investor categories. The Ather Energy IPO consists of a fresh issuance of equity shares valued at ₹ 2,626 crore and an offer-for-sale of 1.1 crore equity shares from promoters and other stakeholders. At the highest end of the price range, the total IPO size is estimated at ₹ 2,981 crore, resulting in a company valuation of ₹ 11,956 crore. (Stay tuned for more updates) Follow updates here: 06 May 2025, 09:00 AM IST Ather Energy IPO 06 May 2025, 08:48 AM IST Ather Energy IPO was subscribed 1.43 times by the end of bidding on Wednesday, driven by strong interest from both qualified institutional buyers and retail investors. The Retail Individual Investors (RIIs) segment achieved a subscription rate of 1.78 times, while the Qualified Institutional Buyers (QIBs) portion was subscribed 1.70 times, despite a market volatility. The subscription rate for non-institutional investors stood at 66%, and the employee portion was booked 5.43 times. 06 May 2025, 08:35 AM IST Ather Energy IPO GMP today or grey market premium is +14. This indicates Ather Energy share price were trading at a premium of ₹ 14 in the grey market, according to Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Ather Energy share price was indicated at ₹ 335 apiece, which is 4.36% higher than the IPO price of ₹ 321. According to the analysis of the past 15 sessions of grey market activities, the IPO GMP is moving upward today, indicating a potential strong listing. The minimum GMP recorded is ₹ 0.00, while the maximum GMP reaches ₹ 17, as per the experts at 'Grey market premium' indicates investors' readiness to pay more than the issue price. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Bloomberg
06-05-2025
- Business
- Bloomberg
E-Scooter Maker Ather's Debut in Focus Amid India IPO Revival
Ather Energy Ltd. 's shares will start trading on Indian bourses Tuesday, in the nation's first major initial public offering this fiscal year that will provide clues on the likelihood of equity capital market revival. The electric scooter maker's offering of fresh and existing shares raised 29.8 billion rupees ($354 million) and was subscribed more than 1.4 times the amount offered, according to exchange filings. Priced at the top of the marketed range at 321 rupees per share, the IPO drew big-name anchor investors, including Abu Dhabi Investment Authority, Franklin Templeton and Eastspring Investments.
News18
01-05-2025
- Business
- News18
Ather Energy IPO Allotment: A Step-By-Step Guide To Check Status Online, Know Latest GMP
Last Updated: Unlisted shares of Ather Energy Ltd are trading at Rs 321 apiece, which is zero per cent 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 scheduled to be finalised on Friday, May 2, in the evening. 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? The IPO allotment is expected to take place on Friday, May 2, in the evening today. Once allotted, investors can check the allotment status by following these steps: 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. 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. First Published: May 01, 2025, 10:13 IST
