Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Ather Energy Submits DRHP To Sebi For IPO Launch

- Advertisement -

The IPO features a sale offer of up to 22 million shares from investors and promoters.

The domestic electric two-wheeler manufacturer Ather Energy has submitted its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) to initiate its initial public offering (IPO). This IPO includes a fresh issue of shares valued at Rs 3,100 crore, according to the official documentation.

Additionally, the IPO features a sale offer of up to 22 million shares by both investors and promoters.

- Advertisement -

In terms of future plans, Ather Energy intends to allocate approximately Rs 927.2 crore of the net proceeds toward establishing a new electric two-wheeler factory in Maharashtra, India, and for further research and development activities.

The company elaborated that Rs 9,272 million from the net proceeds will be directed to fund the capital expenditure requirements for constructing Phase I of Factory 3.0 at Chhatrapati Sambhajinagar (formerly known as Aurangabad) in Maharashtra. The cost estimations for this capital expenditure have been based on third-party quotations and have not been appraised by any banks, financial institutions, or independent agencies.

Supported by Hero MotoCorp, the world’s largest two-wheeler manufacturer, Ather has entered the IPO fray alongside other recently-listed companies like Ola Electric. Currently, Ola Electric leads with the largest market share in India’s electric two-wheeler sector and launched its own IPO in August 2024.

- Advertisement -

Most Popular Articles

Aryaman Raghuvanshi
Aryaman Raghuvanshi
Aryaman Raghuvanshi is a Journalist at EFY. His passion is to explore the future of mobility, which gets him to cover latest technologies shaping the future of automobiles and EVs. But, at times he writes on broader technologies too. LinkedIn: https://www.linkedin.com/in/aryaman-raghuvanshi-2431b7153

Govt To Focus More On Indian Carmakers To Grow EV Industry

0
Both foreign and Indian carmakers, such as Mahindra and Tata Motors, believe that lower import duties will massively impact their investments. To strengthen the foothold...

Subsidies And Lower Costs Boost EV Accessibility: Axis Securities

0
The analysis suggests that while electric vehicles (EVs) have a higher initial purchase price, they become more economical in the long run due to...

ALVA And Google Cloud Partner To Boost CX, Support Green Mobility Transition

0
ALVA picks Google Cloud to enhance its AI-driven innovation in R&D, customer service, sales productivity, and localised marketing content. ALVA, a pioneering brand in the...

Fujifilm To Invest 20Bn Yen To Augment Semiconductors Materials Production

0
Clean room facilities and inspection units will be installed to produce the latest photosensitive material, coupled with the finest quality inspection system. Japan’s leading photography,...

Intel Declines Arm’s Acquisition Proposal For Chip Division

0
Amid restructuring and facing the perils of fierce competition, Intel has rejected  Arm's bid for its chip division, stating emphatically that the unit is...
Dileep Jain CEO, Rajguru Electronics

Why Did Rajguru Electronics, A Leading Distributor Of Components And Development Boards, Enter Manufacturing?

0
After nearly three decades in distribution, Rajguru Electronics pivoted to manufacturing, setting up a unit for its ADIY subsidiary in Bengaluru. EFY’s Yashasvini Razdan...
Minushri Madhumita, Co-Founder of ThinkRaw India

“We Are Enhancing Aquaculture and Agriculture Efficiency With Our Solar Powered Innovations” – Minushri...

0
In a conversation with EFY’s Nitisha, Minushri Madhumita, Co-Founder of ThinkRaw India, discusses the company's solar initiatives aimed at revolutionising the agricultural sector. Q. Can...
Tanvir Singh, Co-Founder of Mooving

“Battery And Vehicle OEMs Will Be Partners On One Side, Competitors On The Other”...

0
With what is being touted as the ‘Shift of the Century’ in the automotive segment, the business models are evolving too! Does that mean...
Alok Das, Co-Founder, Qargos

“Europe’s Going To Be A Big Market For Indian E2Ws” – Alok Das, Co-Founder...

0
Europe is becoming a hub of investments in the automotive industry, with numerous Indian companies joining the fray. The question arises: will Europe follow...
Rahil Gupta, Co-Founder of Hop Electric

“EV Battery Prices Will Drop By 80% In Next Five Years” – Rahil Gupta,...

0
As the global electric vehicle market finds itself in a tough spot, India’s use cases of electric two-wheelers and three-wheelers have come to the...

Think Raw India’s Solar Solutions for the Agricultural Sector

0
ThinkRaw’s blend of technology and tradition is revolutionising agriculture with solar-powered solutions that enhance efficiency and sustainability in farming and aquaculture. established in 2016 by...

Starya Mobility: Shifting Gears From Developing Motors Towards Retrofitting

0
Starya Mobility, a Bengaluru-based startup, evolved from developing EV components to retrofitting scooters, is adapting to India’s dynamic electric vehicle market. Starya Mobility, established in...

Dhruv Vidyut’s Retrofit Kit Converts Normal Vehicle Into EV

0
Innovation begins with simple ideas. Curious how a basic bicycle can become an electric vehicle? Dhruv Vidyut’s retrofit kit is quietly leading this transformation. The...
Minushri Madhumita, Co-Founder of ThinkRaw India

“We Are Enhancing Aquaculture and Agriculture Efficiency With Our Solar Powered Innovations” – Minushri...

0
In a conversation with EFY’s Nitisha, Minushri Madhumita, Co-Founder of ThinkRaw India, discusses the company's solar initiatives aimed at revolutionising the agricultural sector. Q. Can...
InCore Co-founders (L to R): Arjun Menon (Chief Engineer), G.S. Madhusudan (CEO), Neel Gala (CTO), and Gautam Doshi (Chief Architect)

InCore Unveils Six-Core RISC-V Test Chip To Accelerate Design Adoption

0
InCore Semiconductors has introduced a six-core RISC-V test chip that utilises the company’s proprietary generator technology to build its flexible architecture, allowing for the...

Industry's Buzz

Govt To Focus More On Indian Carmakers To Grow EV Industry

0
Both foreign and Indian carmakers, such as Mahindra and Tata Motors, believe that lower import duties will massively impact their investments. To strengthen the foothold...

Subsidies And Lower Costs Boost EV Accessibility: Axis Securities

0
The analysis suggests that while electric vehicles (EVs) have a higher initial purchase price, they become more economical in the long run due to...

ALVA And Google Cloud Partner To Boost CX, Support Green Mobility Transition

0
ALVA picks Google Cloud to enhance its AI-driven innovation in R&D, customer service, sales productivity, and localised marketing content. ALVA, a pioneering brand in the...

Fujifilm To Invest 20Bn Yen To Augment Semiconductors Materials Production

0
Clean room facilities and inspection units will be installed to produce the latest photosensitive material, coupled with the finest quality inspection system. Japan’s leading photography,...

Intel Declines Arm’s Acquisition Proposal For Chip Division

0
Amid restructuring and facing the perils of fierce competition, Intel has rejected  Arm's bid for its chip division, stating emphatically that the unit is...

Learn From Leaders

Dileep Jain CEO, Rajguru Electronics

Why Did Rajguru Electronics, A Leading Distributor Of Components And Development Boards, Enter Manufacturing?

0
After nearly three decades in distribution, Rajguru Electronics pivoted to manufacturing, setting up a unit for its ADIY subsidiary in Bengaluru. EFY’s Yashasvini Razdan...
Minushri Madhumita, Co-Founder of ThinkRaw India

“We Are Enhancing Aquaculture and Agriculture Efficiency With Our Solar Powered Innovations” – Minushri...

0
In a conversation with EFY’s Nitisha, Minushri Madhumita, Co-Founder of ThinkRaw India, discusses the company's solar initiatives aimed at revolutionising the agricultural sector. Q. Can...
Tanvir Singh, Co-Founder of Mooving

“Battery And Vehicle OEMs Will Be Partners On One Side, Competitors On The Other”...

0
With what is being touted as the ‘Shift of the Century’ in the automotive segment, the business models are evolving too! Does that mean...
Alok Das, Co-Founder, Qargos

“Europe’s Going To Be A Big Market For Indian E2Ws” – Alok Das, Co-Founder...

0
Europe is becoming a hub of investments in the automotive industry, with numerous Indian companies joining the fray. The question arises: will Europe follow...
Rahil Gupta, Co-Founder of Hop Electric

“EV Battery Prices Will Drop By 80% In Next Five Years” – Rahil Gupta,...

0
As the global electric vehicle market finds itself in a tough spot, India’s use cases of electric two-wheelers and three-wheelers have come to the...

Startups

Think Raw India’s Solar Solutions for the Agricultural Sector

0
ThinkRaw’s blend of technology and tradition is revolutionising agriculture with solar-powered solutions that enhance efficiency and sustainability in farming and aquaculture. established in 2016 by...

Starya Mobility: Shifting Gears From Developing Motors Towards Retrofitting

0
Starya Mobility, a Bengaluru-based startup, evolved from developing EV components to retrofitting scooters, is adapting to India’s dynamic electric vehicle market. Starya Mobility, established in...

Dhruv Vidyut’s Retrofit Kit Converts Normal Vehicle Into EV

0
Innovation begins with simple ideas. Curious how a basic bicycle can become an electric vehicle? Dhruv Vidyut’s retrofit kit is quietly leading this transformation. The...
Minushri Madhumita, Co-Founder of ThinkRaw India

“We Are Enhancing Aquaculture and Agriculture Efficiency With Our Solar Powered Innovations” – Minushri...

0
In a conversation with EFY’s Nitisha, Minushri Madhumita, Co-Founder of ThinkRaw India, discusses the company's solar initiatives aimed at revolutionising the agricultural sector. Q. Can...
InCore Co-founders (L to R): Arjun Menon (Chief Engineer), G.S. Madhusudan (CEO), Neel Gala (CTO), and Gautam Doshi (Chief Architect)

InCore Unveils Six-Core RISC-V Test Chip To Accelerate Design Adoption

0
InCore Semiconductors has introduced a six-core RISC-V test chip that utilises the company’s proprietary generator technology to build its flexible architecture, allowing for the...