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Ather Energy IPO: Things Smart Investors Need to Know

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Overview of the Company

Ather Energy, a prominent electric vehicle manufacturer in India, was established in 2013. The company is recognized for its high-quality electric scooters and a robust charging infrastructure across key cities. Ather's commitment to sustainability and innovation has positioned it as a leader in the Indian electric two-wheeler market.

Core Business and Market Position

The core business of Ather Energy revolves around manufacturing and selling electric scooters, primarily the Ather 450X and 450 Plus models. The company has witnessed exponential growth, benefiting from the rising demand for eco-friendly transportation. Backed by investors like Hero MotoCorp, Ather Energy has carved out a competitive position in the electric vehicle space.

Ather Energy IPO Details and Objectives

IPO Detail

Information

IPO Size

Fresh issue aggregating up to ₹31,000 million

Offer for Sale

Up to 22,000,766 equity shares

Equity Share Face Value

₹1 per share

IPO Type

100% Book Built

Promoters

Tarun Mehta, Swapnil Jain, Hero MotoCorp

The purpose of the IPO is to fund Ather Energy’s business expansion, increase production capacity, and improve the company’s charging infrastructure. The company aims to grow its market share and further strengthen its position in the electric two-wheeler market.

Key Dates to Remember

  • IPO Opening Date: To be announced
  • IPO Closing Date: To be announced
  • Basis of Allotment: To be announced
  • Initiation of Refunds: To be announced
  • Credit of Shares to Demat Accounts: To be announced
  • Listing Date: To be announced
  • Cut-off Time for UPI Mandate Confirmation: To be announced

Pricing and Lot Size of Ather Energy IPO

  • Price Band for the IPO: To be announced
  • Minimum Lot Size: To be announced
  • Minimum Investment for Retail Investors: To be announced
  • Minimum Investment for HNIs: To be announced
  • Application Details: To be announced

How to Apply for the Ather Energy IPO

Online Application Process

1: Log in to your Bajaj Broking website or the trading app
2: Navigate to the IPO section and select "Ather Energy IPO"
3: Choose the number of shares and the price within the specified range
4: Complete the UPI mandate or ASBA process to block the required funds
5: Submit your application

Financial Health and Performance

Key Financial Metrics:

  • Revenue Growth: Ather Energy generated ₹1,753.8 crore in revenue from operations in FY 2023-24, reflecting stable demand for its electric vehicle offerings.
  • Net Loss: The company reported a net loss of ₹1,059.7 crore for FY 2023-24, indicating continued investments in technology, infrastructure, and scaling operations.
  • Total Assets: As of March 2024, Ather Energy's total assets stood at ₹19,135 crore, driven by its investments in property, plant, and equipment, and intangible assets like research and development.

Investment Risks and Opportunities

  • Risks: The electric vehicle market is highly competitive, and Ather Energy faces challenges from established players. Market volatility could also impact the stock price.
  • Opportunities: With growing consumer interest in electric vehicles and strong government support, Ather Energy is well-positioned to capitalize on this growth sector.

Ather Energy IPO Registrar

Registrar

Contact Information

Name

Link Intime India Private Limited

Email

atherenergy.ipo@linkintime.co.in

Ather Energy IPO Lead Managers

Lead Manager

Contact Information

Axis Capital

atherenergy.ipo@axiscap.in

HSBC Securities

atheripo@hsbc.co.in

JM Financial

atherenergy.ipo@jmfl.com

Nomura Financial

atheripo@nomura.com

Conclusion

The Ather Energy IPO represents an opportunity to invest in one of India’s leading electric vehicle manufacturers. As the EV market expands and government policies favour sustainable transportation, Ather Energy is well-positioned for growth. Investors are advised to review the financial health and market risks before applying.

Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.

This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.

For All Disclaimers Click Here: https://bit.ly/3Tcsfuc

Frequently Asked Questions

1. What is the Ather Energy IPO, and why is it significant?

Answer Field

Ather Energy IPO is the first public offering of shares by one of India’s top EV manufacturers. It's significant due to the company's leadership in the electric two-wheeler segment.

2. What is the price band for the Ather Energy IPO, and how was it determined?

Answer Field
The price band is determined based on the company's valuation and market demand through the book-building process. Exact details will be announced soon.

4. What are the key risks and rewards of investing in the Ather Energy Limited IPO?

Answer Field
Key risks include market volatility and competition, while rewards stem from Ather’s position in a growing industry and the increasing demand for EVs.

5. When will the Ather Energy IPO shares be listed?

Answer Field

The listing date of Ather Energy IPO is TBA.

6. What documents should I review before investing in the Ather Energy Limited IPO?

Answer Field

The listing date of Ather Energy IPO is TBA.

6. What documents should I review before investing in the Ather Energy Limited IPO?

Answer Field

Investors should review the Red Herring Prospectus, company financials, and risk factors.

7. Will Ather Energy IPO pay dividends?

Answer Field
While Ather Energy focuses on growth, dividend payments depend on future profitability and board decisions.

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