Related News

5 ways to make your child excel at public speaking

Often children, even with the best of education, struggle with public speaking. Public speaking can be unnerving even for adults, so for children it can be a completely new world.

8 baby boy names inspired by Indian flowers

Baby names meaning flowers Floral names aren’t just beautiful for girls—they can be meaningful, refreshing, and culturally rich choices for boys too. In Indian traditions, flowers are often associated with

8 reasons to have it in the morning on an empty stomach

Soaked Ajwa dates are particularly rich in vitamins A, K, E, and B. These vitamins play an important role in overall growth and contribute to the health of skin and

Optical Illusion: Only a real master chef can tell who is cooking wrong in this picture

Even while it may seem like you are merely looking at a cartoon, your brain is working on something much more fascinating. Solving a spot-the-mistake IQ problem stimulates the parts

8 lessons to learn from the success of ‘The Mountain is You’ by Brianna Wiest

The relatability of her content ‘The Mountain is You’ does not sound like a lecture or a scolding that self-help books usually give. You don’t make efforts, you NEED to

Ather Energy IPO opens: Check GMP, subscription status, should you invest?

Word Count: 622 | Estimated Reading Time: 4 minutes

Electric two-wheeler manufacturer Ather Energy has launched its Initial Public Offering (IPO) on Monday, aiming to raise Rs 2,981 crore. The offering comprises fresh equity shares of Rs 8.18 crore and an Offer for Sale (OFS) of Rs 1.1 crore shares.
IPO details:
– Price band: Rs 304-321
– Grey market premium: 1% over issue price
– Minimum lot size: 46 shares
– Lead managers: Axis Capital, HSBC Securities, JM Financial, and Nomura Financial Advisory
The IPO proceeds will fund multiple strategic initiatives, including the establishment of a new electric two-wheeler factory in Maharashtra, debt repayment, research and development investments, marketing initiatives, and general corporate purposes. Hero MotoCorp-backed Ather Energy, which competes with Ola Electric in the listed two-wheeler space, has set the price band at Rs 304-321 per share, with a lot size of 46 shares.
Backed by Hero MotoCorp, Ather Energy competes with Ola Electric in the two-wheeler segment. The company’s promoters, Tarun Sanjay Mehta and Swapnil Babanlal Jain, along with investors including Tiger Global and IIT Madras incubation cell, will partially divest their stakes through the OFS.
Analysts are largely positive about the IPO, citing Ather Energy’s strong position in India’s rapidly growing electric two-wheeler market.
“At the upper band of Rs 321, the issue is valued at a EV/sales ratio of 8x, based on a 9MFY25 sales of Rs 1,579 crore. We are recommending a Subscribe for listing gain rating for this issue,” the Economic Times quoted Arihant Capital as saying.
The electric two-wheeler market in India is projected to grow at 41-44% CAGR until FY31. Despite reduced government subsidies, Ather Energy has shown improved profitability metrics and reduced subsidy dependence.
(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)

Source link