Ather Energy IPO: 5 Key Things to Watch Before Investing

Written By: Mobin

Ather Energy, India's leading electric two-wheeler company, is ready for its IPO.

Introduction

Ather Energy has converted 1.73 crore CCPS into 24.04 crore equity shares. This move is very important before IPO filing as per SEBI rules.

CCPS conversion

Talking about the IPO size, Ather's IPO will consist of a fresh issue of Rs 3,100 crore and OFS of 2.2 crore shares. A new manufacturing unit will be set up in Maharashtra with the fresh issue.

IPO size

Like Ola Electric's IPO, Ather's IPO may also get mixed response from investors.

Investor response

Ather has expanded its R&D center 'The Juggernaut'. The company's focus is on improving battery technology and vehicle software.

R&D expansion

Ather's IPO could start a new wave for EV companies in India. Investors will keep an eye on policy changes and reduction in FAME subsidy.

Impact

Ather Energy competes in the premium electric scooter segment with companies like Ola Electric, TVS iQube and Bajaj Chetak.

Competition

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