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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