Latest news with #SwapnilBabanla
Time of India
28-04-2025
- Business
- Time of India
Ather Energy IPO, 2 other issues to revive primary market momentum this week
After a two-month lull period in the Indian IPO market, Ather Energy will revive the momentum with a public offer launch today (April 28). Apart from this, two other SME IPOs are also scheduled later this week. There are no listings for the week. The primary market sentiments are likely to be revived in the next few days, given that the secondary markets are their recovery path. However, the tensions between India and Pakistan could play a dampener. Here's what to look forward to in the IPO market: Ather Energy IPO Ather Energy's IPO will open for subscription on April 28 and be available for investors to bid till April 30. The company has priced the IPO in the range of Rs 304-321 per share. In the unlisted market, ever since the price band has been announced, the GMP has gone down. The company is planning to raise around Rs 3,000 crore through the public offer, which is a combination of fresh equity sale and OFS. Under the OFS, Tiger Global, Promoters Tarun Sanjay and Swapnil Babanla among others will offload shares. Live Events Proceeds from the IPO will be channeled toward setting up a new electric two-wheeler manufacturing facility in Maharashtra, debt repayment, R&D investments, marketing, and general corporate purposes. Ather Energy designs, develops, and assembles electric scooters and battery packs in-house, with two key product lines—the Ather 450 and Ather Rizta. The company, which holds an 11% market share in India's electric two-wheeler space, relies heavily on its southern markets, contributing 68% of its FY24 volumes. SME segment Two SME IPOs -- Arunaya Organics and Kenrik Industries -- will open for subscription April 29. The issue of Arunaya will close on May 2, while that of Kenrik will be available till May 6. Arunaya Organics has fixed a price band of Rs 55 to 58 per share, where investors can bid for 2,000 shares in one lot. The company is planning to raise Rs 34 crore from the IPO. Kenrik Industries, meanwhile, priced the IPO at a meagre Rs 25. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
25-04-2025
- Business
- Time of India
Ather Energy rekindles IPO buzz after 2-month lull; here's what the GMP may be hinting at
Electric scooter maker Ather Energy 's entry into the primary market has stirred fresh investor interest, with its grey market premium (GMP) offering early clues ahead of the company's Rs 2,981 crore initial public offering. The GMP, currently hovering at Rs 7 per share, suggests a modest upside over the upper end of the IPO price band, set between Rs 304 and Rs 321. The electric scooter maker, which filed its draft red herring prospectus with the Securities and Exchange Board of India (Sebi) on April 22, will open its IPO for subscription from April 28 to April 30. Anchor allotments are slated for April 25. Issue structure and shareholder plans The IPO comprises a fresh equity raise of Rs 2,626 crore and an offer for sale (OFS) of 1.1 crore shares. Promoters Tarun Sanjay and Swapnil Babanla, alongside select corporate shareholders, will pare part of their stakes via the OFS. HeroMoto Corp, Ather's largest shareholder with around 40% stake, will not divest any shares in this issue. GMP trend While the GMP currently indicates an estimated listing price of Rs 328 per share—a 2.18% premium—market observers point to a softening trend. The premium has dipped from highs of Rs 17 in recent sessions, signaling cautious sentiment as the offer date approaches. Use of funds and expansion plans Proceeds from the IPO will be channeled toward setting up a new electric two-wheeler manufacturing facility in Maharashtra, debt repayment, R&D investments, marketing, and general corporate purposes. Product portfolio and market presence Ather Energy designs, develops, and assembles electric scooters and battery packs in-house, with two key product lines—the Ather 450 and Ather Rizta. The company, which holds an 11% market share in India's electric two-wheeler space, relies heavily on its southern markets, contributing 68% of its FY24 volumes. Growth potential and sector outlook New product launches like the Rizta are expected to expand Ather's reach beyond its premium segment, though challenges remain in scaling distribution and fending off competition from larger OEMs. India, the world's largest motorised two-wheeler market with 18.4 million units sold in FY24, continues to present significant growth opportunities, especially as EV adoption accelerates.
Economic Times
24-04-2025
- Business
- Economic Times
Ather Energy rekindles IPO buzz after 2-month lull; here's what the GMP may be hinting at
Ather Energy IPO: The current GMP suggests an estimated listing price of ₹328 per share, reflecting a 2.18% premium. However, market observers note a declining trend, with the premium easing from recent highs of ₹17, indicating growing caution as the listing date nears. Tired of too many ads? Remove Ads Issue structure and shareholder plans GMP trend Use of funds and expansion plans Product portfolio and market presence Tired of too many ads? Remove Ads Growth potential and sector outlook Electric scooter maker Ather Energy 's entry into the primary market has stirred fresh investor interest, with its grey market premium (GMP) offering early clues ahead of the company's Rs 2,981 crore initial public offering. The GMP, currently hovering at Rs 7 per share, suggests a modest upside over the upper end of the IPO price band, set between Rs 304 and Rs electric scooter maker, which filed its draft red herring prospectus with the Securities and Exchange Board of India (Sebi) on April 22, will open its IPO for subscription from April 28 to April 30. Anchor allotments are slated for April IPO comprises a fresh equity raise of Rs 2,626 crore and an offer for sale (OFS) of 1.1 crore Tarun Sanjay and Swapnil Babanla, alongside select corporate shareholders, will pare part of their stakes via the OFS. HeroMoto Corp, Ather's largest shareholder with around 40% stake, will not divest any shares in this the GMP currently indicates an estimated listing price of Rs 328 per share—a 2.18% premium—market observers point to a softening trend. The premium has dipped from highs of Rs 17 in recent sessions, signaling cautious sentiment as the offer date from the IPO will be channeled toward setting up a new electric two-wheeler manufacturing facility in Maharashtra, debt repayment, R&D investments, marketing, and general corporate Energy designs, develops, and assembles electric scooters and battery packs in-house, with two key product lines—the Ather 450 and Ather Rizta. The company, which holds an 11% market share in India's electric two-wheeler space, relies heavily on its southern markets, contributing 68% of its FY24 product launches like the Rizta are expected to expand Ather's reach beyond its premium segment, though challenges remain in scaling distribution and fending off competition from larger the world's largest motorised two-wheeler market with 18.4 million units sold in FY24, continues to present significant growth opportunities, especially as EV adoption accelerates.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
24-04-2025
- Automotive
- Time of India
Ather Energy rekindles IPO buzz after 2-month lull; here's what the GMP may be hinting at
Issue structure and shareholder plans GMP trend Use of funds and expansion plans Product portfolio and market presence Live Events Growth potential and sector outlook (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Electric scooter maker Ather Energy 's entry into the primary market has stirred fresh investor interest, with its grey market premium (GMP) offering early clues ahead of the company's Rs 2,981 crore initial public offering. The GMP, currently hovering at Rs 7 per share, suggests a modest upside over the upper end of the IPO price band, set between Rs 304 and Rs electric scooter maker, which filed its draft red herring prospectus with the Securities and Exchange Board of India (Sebi) on April 22, will open its IPO for subscription from April 28 to April 30. Anchor allotments are slated for April IPO comprises a fresh equity raise of Rs 2,626 crore and an offer for sale (OFS) of 1.1 crore Tarun Sanjay and Swapnil Babanla, alongside select corporate shareholders, will pare part of their stakes via the OFS. HeroMoto Corp, Ather's largest shareholder with around 40% stake, will not divest any shares in this the GMP currently indicates an estimated listing price of Rs 328 per share—a 2.18% premium—market observers point to a softening trend. The premium has dipped from highs of Rs 17 in recent sessions, signaling cautious sentiment as the offer date from the IPO will be channeled toward setting up a new electric two-wheeler manufacturing facility in Maharashtra, debt repayment, R&D investments, marketing, and general corporate Energy designs, develops, and assembles electric scooters and battery packs in-house, with two key product lines—the Ather 450 and Ather Rizta. The company, which holds an 11% market share in India's electric two-wheeler space, relies heavily on its southern markets, contributing 68% of its FY24 product launches like the Rizta are expected to expand Ather's reach beyond its premium segment, though challenges remain in scaling distribution and fending off competition from larger the world's largest motorised two-wheeler market with 18.4 million units sold in FY24, continues to present significant growth opportunities, especially as EV adoption accelerates.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business Standard
23-04-2025
- Automotive
- Business Standard
Ather Energy IPO price band set at Rs 304-321; issue opens April 28
EV maker gears up for stock market debut with Rs 2,626 crore fresh issue to fund expansion, R&D, and new factory rollout. Electric two-wheeler maker Ather Energy has set the price band for its initial public offering (IPO) at Rs 304 to Rs 321 per equity share. The IPO will open for public subscription on April 28 and close on April 30, with the anchor investor allocation scheduled for April 25. Investors can bid for a minimum lot size of 46 equity shares, and in multiples thereof. The public issue comprises a fresh equity raise of Rs 2,626 crore, alongside an offer for sale (OFS) of 1.1 crore shares. Promoters Tarun Sanjay and Swapnil Babanla, along with other institutional shareholders, will divest part of their stakes through the OFS. Ather Energy plans to deploy the IPO proceeds toward a range of strategic goalsincluding establishing a new manufacturing facility in Maharashtra, repaying debt, investing in research and development, boosting marketing efforts, and covering general corporate expenses. Founded as a pure-play electric vehicle (EV) company, Ather Energy designs and sells premium electric scooters, including the Ather 450 and Ather Riztaspanning seven variants. The company manufactures battery packs in-house using lithium-ion cells sourced from global suppliers, while outsourcing other components such as electronics and chassis. Ather has also developed its own proprietary software platform, Atherstack, which powers features like navigation, ride analytics, safety functions, and productivity toolscementing its position as a tech-first EV player. As of December 2024, Ather Energy holds an estimated 11% share of Indias electric two-wheeler market, positioning itself as one of the key challengers in the rapidly expanding EV landscape.
