Latest news with #E2Ws
Mint
06-05-2025
- Business
- Mint
Lacklustre Debut! Ather Energy share price lists 2% higher at ₹328 on NSE
Ather Energy IPO listing: Ather Energy, the first mainboard initial public offering of the financial year 2025-26 (FY26), witnessed a lukewarm debut in the Indian stock market on Tuesday, May 6, as it listed at just a 2% premium over its issue price of ₹ 321. On the NSE, Ather Energy share price on listing was ₹ 328, a premium of 2.18%. Meanwhile, on the BSE, Ather Energy shares debuted at ₹ 326.05, up 1.57%. The listing was lower than what the grey market signalled, as ahead of the stock market debut, Ather Energy IPO GMP today was ₹ 14. This indicates that in the grey market, Ather Energy shares were trading at ₹ 335 apiece, a premium of 4.36%. Ather Energy shares, meanwhile, reversed listing gains and traded in the red around 10.20 am. On the NSE, Ather Energy share price was down 1.33% from its listing price at ₹ 323.65, while on the BSE, the stock dipped 0.8% to ₹ 323.45. Ather Energy IPO, which was open for subscription from April 28 to April 30, witnessed a modest demand for its issue. The IPO of the electric vehicle (EV) manufacturer was subscribed 1.50 times at the end of the three-day bidding period, amid strong buying demand from retail investors and qualified institutional buyers. Meanwhile, the non-institutional investor portion wasn't fully booked. The QIB portion was subscribed 1.76 times, the NII portion 0.69 times and the retail investor portion 1.89 times. The employee portion was booked 5.43 times as of April 30. The company raised ₹ 2,981.06 crore at the upper end of the price band of ₹ 321 apiece. The IPO was a mix of fresh share sale of ₹ 2,626.30 crore and an offer for sale by promoters and other selling shareholders of ₹ 354.76 crore. Ather Energy plans to use the funds raised from the IPO's fresh issue for various purposes like capex for the establishment of an E2W factory in Maharashtra, repayment of certain corporate borrowings availed by the company, investment in R&D and for marketing initiatives or other general corporate purposes. Ather Energy is a pure-play EV company that sells E2Ws and the associated product ecosystem, comprised of its software, charging infrastructure and smart accessories. The company was founded in 2013 by Tarun Sanjay Mehta and Swapnil Babanlal Jain. It has a market share of 11.5% as of the financial year 2024 (FY24) and is the third-largest player by volume. However, despite being a prominent brand in the EV two-wheeler market, the company has consistently incurred losses since its inception. Ather, in its RHP, said that it has incurred losses since its incorporation and had stagnant revenue growth in FY24. "There is no assurance that we will be cost-effective in our operations or achieve profitability in the future," according to the company's RHP. In FY24, Ather's loss before taxes amounted to ₹ 1059.7 crore, significantly higher than ₹ 864.5 crore in FY23 and ₹ 344.1 crore in FY22. It also had stagnant revenue growth in FY24 as it posted a revenue of ₹ 1753.8 crore compared with ₹ 1780.9 crore in FY23.
Mint
06-05-2025
- Business
- Mint
Lacklustre Debut! Ather Energy share price lists 2% higher at ₹328 on NSE
Ather Energy IPO listing: Ather Energy, the first mainboard initial public offering of the financial year 2025-26 (FY26), witnessed a lukewarm debut in the Indian stock market on Tuesday, May 6, as it listed at just a 2% premium over its issue price of ₹ 321. On the NSE, Ather Energy share price on listing was ₹ 328, a premium of 2.18%. Meanwhile, on the BSE, Ather Energy shares debuted at ₹ 326.05, up 1.57%. The listing was lower than what the grey market signalled, as ahead of the stock market debut, Ather Energy IPO GMP today was ₹ 14. This indicates that in the grey market, Ather Energy shares were trading at ₹ 335 apiece, a premium of 4.36%. Ather Energy shares, meanwhile, reversed listing gains and traded in the red around 10.20 am. On the NSE, Ather Energy share price was down 1.33% from its listing price at ₹ 323.65, while on the BSE, the stock dipped 0.8% to ₹ 323.45. Ather Energy IPO, which was open for subscription from April 28 to April 30, witnessed a modest demand for its issue. The IPO of the electric vehicle (EV) manufacturer was subscribed 1.50 times at the end of the three-day bidding period, amid strong buying demand from retail investors and qualified institutional buyers. Meanwhile, the non-institutional investor portion wasn't fully booked. The QIB portion was subscribed 1.76 times, the NII portion 0.69 times and the retail investor portion 1.89 times. The employee portion was booked 5.43 times as of April 30. The company raised ₹ 2,981.06 crore at the upper end of the price band of ₹ 321 apiece. The IPO was a mix of fresh share sale of ₹ 2,626.30 crore and an offer for sale by promoters and other selling shareholders of ₹ 354.76 crore. Ather Energy plans to use the funds raised from the IPO's fresh issue for various purposes like capex for the establishment of an E2W factory in Maharashtra, repayment of certain corporate borrowings availed by the company, investment in R&D and for marketing initiatives or other general corporate purposes. Ather Energy is a pure-play EV company that sells E2Ws and the associated product ecosystem, comprised of its software, charging infrastructure and smart accessories. The company was founded in 2013 by Tarun Sanjay Mehta and Swapnil Babanlal Jain. It has a market share of 11.5% as of the financial year 2024 (FY24) and is the third-largest player by volume. However, despite being a prominent brand in the EV two-wheeler market, the company has consistently incurred losses since its inception. Ather, in its RHP, said that it has incurred losses since its incorporation and had stagnant revenue growth in FY24. "There is no assurance that we will be cost-effective in our operations or achieve profitability in the future," according to the company's RHP. In FY24, Ather's loss before taxes amounted to ₹ 1059.7 crore, significantly higher than ₹ 864.5 crore in FY23 and ₹ 344.1 crore in FY22. It also had stagnant revenue growth in FY24 as it posted a revenue of ₹ 1753.8 crore compared with ₹ 1780.9 crore in FY23. Disclaimer: This story is for educational purposes only. 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. First Published: 6 May 2025, 10:00 AM IST
Economic Times
06-05-2025
- Automotive
- Economic Times
Ather Energy Share Price Live: Ather Energy to debut on D-Street today. Check GMP ahead of listing
06 May 2025 | 09:14:02 AM IST Ather Energy Share Price Live | IPO Listing Live (06 May 2025): Ather Energy, a prominent Indian electric vehicle (EV) brand, is preparing to list on the NSE and BSE following a moderately subscribed IPO. Ather Energy Listing Price Live Updates: Ather Energy will list on the NSE and BSE following a moderately subscribed IPO. While the company boasts strong brand recognition and solid technological capabilities, it continues to grapple with profitability, having posted a substantial net loss in FY24. The stock's future performance will hinge on Ather's ability to scale operations efficiently and maintain its market position amid intensifying competition in the EV sector. Show more Ather Energy ('Ather') is a pioneer in the Indian Electric 2-Wheeler ('E2W') market. The company is a pure play EV company that sells E2Ws and the associated product ecosystem, comprised of software, charging infrastructure and smart accessories, all of which are conceptualised and designed by us in India. Other than battery packs which are manufactured in-house and portable chargers and motors which are designed and manufactured by suppliers, other key E2W components, such as motor controllers, transmissions, vehicle control units, dashboards, DC-DC converters, harnesses, and chassis are designed in-house and outsourced to suppliers for manufacturing. AEL sources all EV components from suppliers for in-house assembly of E2W. It relies on imports from countries like China, which may be affected by regulatory or policy changes. Any disruption in the supply, pricing, or quality of lithium-ion cells could adversely impact operations. The issue is primarily an Offer for Sale (OFS) of up to 1,10,51,746 equity shares totalling ₹354.76 cr. and fresh issue of up to 8,18,06,853 equity share totalling ₹2,626cr. The objective of the issue is to meet the capital expenditure incurred by the company for E2W factory (₹927cr), repayments of borrowings(₹40cr), investment in R&D (₹ 750cr), expenditure towards marketing initiatives (₹300cr) and general corporate purposes. Company's E2Ws are positioned at a premium price within their respective segments in the Indian E2W market fast-growingSLCM market Vertically integrated approach to product design with strong in-house R&D capabilities Company's ability to pioneer new technologies Company is bringing the issue at price band of Rs 304-321 per share at p/s multiple of approx. 4x on FY25E sales basis. Company has ability to pioneer new technologies .Its E2Ws are positioned at a premium price in their respective segments in the E2W market Analysts note that its high R&D and distribution expenses, along with price competition in the EV space, have kept profitability elusive. Its current product portfolio includes the Ather 450 and the newly launched Ather Rizta, both positioned as tech-forward, performance-oriented scooters. The company also runs India's largest two-wheeler fast-charging network—Ather Grid—with over 2,600 chargers across more than 300 cities. Ather Energy is expected to get listed at 10:00 am on May 06, 2025. Founded in 2013 by IIT-Madras alumni Tarun Mehta and Swapnil Jain, Ather Energy is a vertically integrated EV company with a strong in-house design and tech stack. Shares of electric two-wheeler manufacturer Ather Energy Limited are set to debut on the NSE and BSE today, after raising ₹2,980 crore through its initial public offering (IPO). The company, which has emerged as one of India's leading premium EV brands, had received a subscription of just over 1x, indicating muted enthusiasm from institutional and retail investors.
&w=3840&q=100)
Business Standard
02-05-2025
- Business
- Business Standard
Ather Energy IPO allotment today; check status, latest GMP, listing date
Ather Energy IPO allotment status: The basis of allotment for the Ather Energy Electrical Equipment IPO shares is likely to be finalised today, Friday, May 2, 2025. The public offering closed for subscription on Wednesday, April 30, 2025, receiving muted participation from investors and was oversubscribed by 1.43 times. Once the Ather Energy IPO allotment is finalised, investors can check their status on the official websites of BSE, NSE, or MUFG Intime India (formerly Link Intime India), the registrar for the issue. Alternatively, investors can use the following links to check the Ather Energy IPO allotment status directly: Ather Energy IPO final subscription status The ₹2,981.06 crore public offering of Ather Energy, offered at a price band of ₹304–321 with a lot size of 46 shares, received bids for 7,65,44,046 shares against the 5,33,63,160 shares offered. This led to an oversubscription of 1.43 times by the end of the subscription period, according to data available on the NSE. Ather Energy IPO witnessed the highest participation from retail investors, who subscribed to 1.78 times the portion reserved for them, qualified institutional buyers (QIBs) at 1.70 times, and non-institutional investors (NIIs) subscribed to 0.66 times. Ather Energy IPO grey market premium (GMP) today The unlisted shares of Ather Energy were trading flat at ₹321 per share, according to sources tracking grey market activities. Thus, Ather Energy IPO's grey market premium (GMP) remains nil on Friday. Ather Energy IPO likely listing price Shares of Ather Energy are scheduled to list on the BSE and NSE on Tuesday, May 6, 2025. Taking the current grey market trends into consideration, Ather Energy shares may list flat at around ₹321 per share. However, these estimates may vary, as the grey market is unregulated, and GMP should not be considered a reliable indicator of performance. About Ather Energy Incorporated in 2013, Ather Energy is a pioneer in the Indian electric two-wheeler ('E2W') market. It is a pure-play EV company that sells E2Ws and the associated product ecosystem, comprising software, charging infrastructure, and smart accessories, all of which are conceptualised and designed by the company in India. Other than battery packs, which are manufactured in-house, and portable chargers and motors, which are designed and manufactured by suppliers, other key E2W components—such as motor controllers, transmissions, vehicle control units, dashboards, DC-DC converters, harnesses, and chassis—are designed in-house and outsourced to suppliers for manufacturing.
Mint
29-04-2025
- Business
- Mint
Ather Energy IPO day 2 Live Updates: GMP, subscription status, date, price to review. Apply or not?
Ather Energy IPO day 2: The initial public offering (IPO) of Ather Energy Limited opened for bidders on 28 April 2025. According to details related to Ather Energy IPO date of subscription available on the BSE website, the public issue will remain open until 30 April 2025. The company has fixed the Ather Energy IPO price at ₹ 304 to ₹ 321 per equity share. The E2W (Electric Two Wheeler) company aims to raise ₹ 2,981.06 crore from its initial offer, which is a mix of fresh shares and offer for sale (OFS). According to Ather Energy IPO subscription status, the issue has received a normal response on day one of bidding, with 16% subscribed to its public offer. Meanwhile, following the bull trend on Dalal Street, the grey market has remained steady on Ather Energy IPO. According to market observers, Ather Energy IPO GMP (Grey Market Premium) today is unchanged at ₹ 3 per share. After the end of bidding on day one, he book build issued had been subscribed 0.16 times, the retail portion had been booked 0.63 times, the NII portion had been filled 0.16 times, and the employee's reserved quota had been filled 1.78 times. Assigning a 'subscribe' tag to the public issue, Bajaj Capital says, 'Ather Energy IPO is a pure-play electric vehicle (EV) company specializing in the sale of electric two-wheelers (E2Ws), batteries, and other related products. It is in the process of expanding its manufacturing capacity by setting up a new unit in Maharashtra. Despite its growth initiatives, the company has been consistently posting losses and carries significant accumulated losses. Its financial performance has resulted in a negative Price-to-Earnings (PE) ratio, and its borrowings stood at over ₹ 1121 crore as of December 31, 2024, which is a point of concern. However, the company benefits from strong parentage, which remains its key strength. Considering its current financials, this appears to be a long-term investment story, and therefore, only well informed investors with surplus funds and a long-term perspective may consider investing moderately.' Infographic: Courtesy mintgenie Ventura Securities has also recommended a 'subscribe' tag to the public issue, saying, "We recommend you subscribe for listing gains. Its premium focus, Ather Grid, and R&D-driven innovation differentiate it from competitors. The company is going through major capex with its Ather Factory 3.0 (will have 10 Lakhs unit capacity by mid-FY26). This comes despite challenges such as subsidy cuts and low capacity utilization." Highlighting the valuations of the book build issue, SMC Global says, 'The company is loss making , at the higher band of Rs. 321, we are considering the P/B ratio, pre issue, book value of Rs. 3.72 of P/Bvx 86.39x. Post issue, book value of Rs. 73.41 of P/Bvx 4.37x. At the lower band of Rs. 304 , we are considering the P/B ratio, pre issue, book value of Rs. 3.72 of P/Bvx 81.81x. Post issue, book value of Rs. 73.41 of P/Bvx 4.14x.' Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions. First Published: 29 Apr 2025, 08:37 AM IST
