Ather Energy - IPO
Ather, a EV two wheeler manufacturer coming out with IPO - an Offer for sale from VC exit.
*IPO Details*
1. Fresh Issue: 2600 crore
2. Total Issue Size: Approximately 2900 cr., revised down from the earlier plan of 4000 cr.
3. Valuation: Post-issue valuation is estimated at around 12000 cr.
*Utilization of new capital*
The funds raised will be allocated as follows:
- 900 cr. for establishing a new electric two-wheeler manufacturing facility in Maharashtra.
- 750 crore for research and development initiatives.
- 300 crore for marketing and promotional activities.
- 40 crore for debt repayments
Ather reported *revenues of 1500 cr*, up from 1200 cr. the previous year.
Net *losses narrowed to 577 crore* from 776 crore, attributed to increased sales of its electric scooter models.
Ather holds approximately *11% market share in Indias electric two-wheeler* segment as of Dec 2024, positioning it as the *fourth-largest player.*
Ather, a EV two wheeler manufacturer coming out with IPO - an Offer for sale from VC exit.
*IPO Details*
1. Fresh Issue: 2600 crore
2. Total Issue Size: Approximately 2900 cr., revised down from the earlier plan of 4000 cr.
3. Valuation: Post-issue valuation is estimated at around 12000 cr.
*Utilization of new capital*
The funds raised will be allocated as follows:
- 900 cr. for establishing a new electric two-wheeler manufacturing facility in Maharashtra.
- 750 crore for research and development initiatives.
- 300 crore for marketing and promotional activities.
- 40 crore for debt repayments
Ather reported *revenues of 1500 cr*, up from 1200 cr. the previous year.
Net *losses narrowed to 577 crore* from 776 crore, attributed to increased sales of its electric scooter models.
Ather holds approximately *11% market share in Indias electric two-wheeler* segment as of Dec 2024, positioning it as the *fourth-largest player.*
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