Ather Energy IPO: Price Band, Allotment, Listing Date, Financials, Risks And More — DRChoksey's Analysis

The Rs 2,980.7 crore IPO comprises of both fresh shares worth Rs 2,626 crore, and an offer for sale worth Rs 354.8 crore. The Bengaluru-based electric two-wheeler company has fixed the price band in the range of Rs 304 to Rs 321 per share..NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..DRChoksey Report.Ather Energy Ltd.'s initial public offering opens today and the offer close for subscription on April 30. The Bengaluru-based electric two-wheeler company has fixed the price band in the range of Rs 304 to Rs 321 per share.The Rs 2,980.7 crore IPO comprises of both fresh shares worth Rs 2,626 crore, and an offer for sale worth Rs 354.8 crore.The shares will be listed on both the National Stock Exchange and the BSE on May 06, 2025.The allotment for the Ather Energy's IPO is expected to be finalized on May 02..Objects of the OfferCapital expenditure to be incurred for establishment of an E2W factory in Maharashtra.Repayment/ pre-payment of certain borrowings availed by the Company.Investment in research and development.Expenditure towards marketing initiatives.General corporate purposes..We believe that Ather Energy is well-placed to capitalize growth in E2W Industry led by strong DNA of innovation and engineering, but the path to profitability seems long and full of challenges. Although, Ather “Rizta” and to be launched “EL platform” are expected to play a pivotal role in solidifying its market position, the company’s future depends on ramp-up of vehicle volumes from existing and new product launches, gross margin improvement led by further cost reduction, and the ability to withstand competitive pressures from both E2W and ICE 2W OEMs. Ather is currently offered at a EV/Sales valuation of ~6x, which appears overvalued to us. We assign a “Avoid” rating and believe that it can be bought at attractive valuation in the secondary market..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Ather Energy IPO: Price Band, Allotment, Listing Date, Financials, Risks And More — DRChoksey's Analysis

Ather Energy's Rs 2,980.7 crore IPO opens today for subscription and comprises of both fresh shares worth Rs 2,626 crore, and an offer for sale worth Rs 354.8 crore.

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