Ather Energy is preparing for its Initial Public Offering (IPO), which will feature an IPO size of ₹3,100 crores. This consists of a fresh issue of ₹3,100 crores and an offer for sale of 2.2 crore shares from existing shareholders. The Ather Energy IPO date is scheduled to open on November 9, 2024, and close on November 12, 2024, with the anticipated Ather Energy IPO listing date on November 18, 2024. Backed by its parent company, Hero MotoCorp, Ather Energy aims to use the funds raised to expand its manufacturing capabilities and enhance research and development efforts in the electric vehicle sector.
Current Ather Energy IPO Details
Key Information on Ather Energy IPO
- Ather Energy IPO Size: ₹3,100 crores
- Fresh Issue: ₹3,100 crores
- Offer for Sale (OFS): 2.2 crore shares
- Ather Energy IPO Price Band: Not yet finalized (expected around ₹500 per share)
- Lot Size: To be announced
Timeline for Ather Energy IPO
- Open Date: November 9, 2024
- Close Date: November 12, 2024
- Listing Date: November 18, 2024
Ather Energy IPO Shareholder Quota
A portion of the IPO will be reserved for existing shareholders, known as the Ather Energy IPO shareholder quota. To qualify for this quota, investors must hold Ather Energy shares by a specified record date prior to the IPO opening. This ensures that current investors can benefit from the IPO, reinforcing their stake in the company as it moves forward. The Ather Energy IPO shareholder quota is an essential aspect for those looking to maximize their investment during the IPO period.
Company Overview of Ather Energy
Founded in 2013, Ather Energy specializes in electric two-wheelers and has become a significant player in India’s EV market. The company currently offers models like the Ather 450 and Ather Rizta and has plans to expand its manufacturing capacity with a new facility in Maharashtra.
Ather Energy Parent Company
Ather Energy is backed by Hero MotoCorp, which holds a substantial stake in the company. This partnership provides Ather Energy with valuable resources and support for its growth initiatives, making the parent company a critical factor in the company’s success.
Financial Performance of Ather Energy
Ather Energy has shown impressive growth in sales but still faces challenges regarding profitability due to high operational costs. The funds raised from the Ather Energy IPO will support:
- Establishing a new manufacturing facility
- Research and development initiatives
- Marketing efforts
- Repayment of loans
This financial backing is vital for Ather Energy to enhance its market presence and innovation capabilities.
Grey Market Premium (GMP) for Ather Energy IPO
As of now, the Ather Energy IPO GMP is not available, but it is anticipated to be positive due to the growing interest in electric vehicles. A strong GMP often indicates high demand for shares post-listing, signaling a favorable investment opportunity.
Conclusion: Investing in Ather Energy IPO
The upcoming Ather Energy IPO presents an exciting opportunity for investors interested in the electric vehicle sector. With strong backing from its parent company, Hero MotoCorp, and ambitious plans for expansion, Ather Energy is well-positioned for future growth.
If you’re looking to analyze and invest in IPOs effectively, GRM IIT provides exceptional guidance tailored to help you navigate the complexities of the financial landscape. For expert insights and to learn how to analyze investments like a pro, visit GRM IIT at https://grmiit.com or check out our YouTube channel for free educational content at GRM IIT YouTube Channel.
If you’re ready to invest, don’t miss out on the chance to create your Demat account with us. Click the button below!
Create Your Demat Account with GRM Bulls
This blog has covered key aspects of the Ather Energy IPO, including the IPO price, shareholder quota, DRHP, listing date, and more. Stay informed and make your investment decisions wisely!