ATHER ENERGY MAHARASHTRA PLANT
Adani Green Energy's (AGEL) subsidiary operationalises 50MW solar project
Adani Green Energy (AGEL) subsidiary Adani Renewable Energy Fifty Six has operationalised a 50 MW solar project in Gujarat
Flipkart‘s quick breather; Now hiring: AI leaders
Happy Tuesday! Flipkart is going slow on the expansion of its quick commerce service to control costs. This and more in today’s ETtech Morning Dispatch.
Ather Energy Q4 Results: Co's loss narrows to Rs 234.4 crore on better gross margins
Electric two-wheeler maker Ather Energy, which made its debut on stock exchanges early this month, on Monday reported an 18 per cent drop in losses to Rs 234.40 crore for the March quarter aided by better gross margins. The company had posted a loss of Rs 283.30 crore in the year-ago period.
Ather trims Q4 loss; Startups power defence push
Ather Energy reduced its losses in the March quarter, boosted by higher sales and improved profitability. This and more in today’s ETtech Top 5.
Ather Energy narrows Q4 losses by 17%; revenue rises 29% to Rs 676 crore
Sales for the Bengaluru-based electric two-wheeler maker climbed 35% in Q4 FY25 to around 47,400 units, largely driven by its recently launched family e-scooter, Rizta. For the full year, volumes grew 42% to 155,394 units from 109,577 in FY24. According to founder and CEO Tarun Mehta, during the year, the company grew from a single product line business to seven products and two product lines with Rista and Ather 450.
Vedanta exploring critical mineral assets in Maharashtra, Rajasthan, other states
Vedanta, led by Anil Agarwal, is expanding its presence in critical minerals exploration across six Indian states—Maharashtra, Rajasthan, Bihar, Arunachal Pradesh, Karnataka, and Chhattisgarh—to support clean energy technologies and India's mineral security goals.
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Top tech and startup stories this week
Welcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.
Bira brews debt trouble?; Investors’ Ather bonanza
Happy Wednesday! Alcoholic beverage maker B9 Beverages has run into trouble with some debt investors. This and more in today’s ETtech Morning Dispatch.
Will Ather Energy overcome initial decline to achieve long-term growth?
The stock opened at ?328 apiece on NSE, logging a 2.2% premium over the issue price. On BSE, the stock opened at ?326.05, up 1.6%. It ended the circumspect trading session at ?302.50, down 5.8% below the IPO price of ?321 apiece.
Ather’s D-Street debut; Paytm's muted Q4 earnings
Ather Energy promoters and backers doubled returns despite a weak debut. This and more in today’s ETtech Top 5.
Ather IPO: Flipkart founders’ early bet pays off as investors double gains despite muted debut
Ather Energy shares made a muted debut on the Indian exchanges on Tuesday. Ather Energy launched its maiden public offer on April 28 and April 30 to raise Rs 2,981 crore. The Tiger Global backed electric scooter maker raised Rs 1,340 crore from anchor investors on April 26 before the IPO opened.
Ola Electric’s Bhavish Aggarwal cheers rival Ather on stock market debut
Ola Electric congratulated rival Ather Energy on its stock market debut, with both CEOs exchanging warm messages of support on social media. The gesture was praised by users online. Despite recent setbacks, Ola remains the market leader in India’s EV two-wheeler space, ahead of Ather by a significant margin.
Muted debut, rich valuations: Can Ather Energy override early bumps to deliver long-term gains?
Ather Energy's stock debuted flat and continued to decline due to subdued IPO response and stretched valuations. Despite investor caution, analysts see long-term potential in Ather's brand, EV ecosystem, and expansion plans. Profitability may take time due to competition and costs, making it suitable for high-risk investors willing to accumulate gradually.
Ather Energy bets on capex-light retail, demand to drive growth: CEO Tarun Mehta
The Bengaluru-based company became the first mainboard listing of FY26, with its shares debuting at Rs 328 apiece on the NSE—a 2.18% premium over the issue price. On the BSE, they opened at Rs 326.05, up 1.57%. Backed by Tiger Global, Ather launched its Rs 2,981-crore public issue between April 28 and 30, after raising Rs 1,340 crore from anchor investors on April 26.
Ather Energy IPO: From startup to stock market listing
Ather Energy, a leading electric scooter manufacturer, raised Rs 2,981 crore through its IPO, with plans for a new facility, R&D, and marketing. Despite stiff competition from Ola Electric, Ather continues to grow. Here’s what you need to know about Ather, a startup turned leader in the electric two-wheeler market.
Ather Energy shares debut at 2.2% premium over IPO price
Ather Energy's shares debuted with modest gains on Indian exchanges, listing at a premium of 2.18% on NSE and 1.57% on BSE. The IPO, aimed at raising Rs 2,981 crore, saw 1.43 times subscription, with strong QIB and retail participation. Proceeds will fund a new manufacturing plant, R&D, marketing, and debt repayment, unlocking value for investors and employees.
Ather Energy shares slip 5% post flat D-Street debut
Ather Energy's stock market debut saw shares initially rise above the IPO price. However, the stock soon fell below its issue price. The IPO aimed to raise funds for expansion and debt repayment. Despite losses, Ather achieved significant sales and plans to increase production capacity. The company faces challenges in a competitive EV market.
India's IPO market loses steam on global market jitters
Several Indian companies are delaying their initial public offerings. This is due to weak investor sentiment and global economic uncertainty. Avanse Financial and Anthem Biosciences are among those postponing plans. Geopolitical tensions and global trade frictions are contributing factors. The market debut of Ather Energy will be a test of investor appetite.
Ather Energy shares to list today, grey market shows muted interest
Ather Energy's IPO, aiming to raise Rs 2,981 crore, saw muted grey market interest with a premium of 4.36%. The IPO was subscribed 1.43 times, driven by QIB and retail investors, while employees oversubscribed. The company plans to use the IPO proceeds for manufacturing, R&D, marketing, and debt repayment, unlocking value for investors and employees.
Ather Energy IPO sees muted grey market buzz ahead of its listing
Ather Energy IPO: The Rs 2,626 crore IPO, open from April 28 to April 30, received a generally muted response across all categories. Retail investors subscribed 1.78 times their allotted portion, while qualified institutional buyers subscribed 1.70 times. Non-institutional investors showed weaker demand with a 66% subscription, but the employee quota saw strong interest, with subscriptions at 5.43 times.
Ather Energy IPO allotment expected today. Check GMP, listing date and other details
Ather Energy's IPO allotment is expected to be finalized today, following a subscription rate of just over 1.4 times. Investors can check their allotment status via the BSE website or Link Intime. The grey market premium indicates a flat listing, and shares are slated to list on May 7. The IPO aims to raise funds for expansion and R&D.
Ather Energy IPO crosses the line in final hours of Day 3 with retail portion booked 1.9 times
Ather Energy's Rs 3,000-crore IPO achieved full subscription on its final day, driven by strong institutional demand, although grey market signals remained weak. Retail investors showed consistent interest, while QIBs surged in the last stretch. Despite valuation concerns and a declining GMP, analysts offer mixed recommendations, citing Ather's growth potential and premium positioning.
Ather Energy IPO fully subscribed on Day 3 led by QIB, retail demand
Qualified institutional buyers placed bids 1.35 times the portion reserved for them as of 1:45 pm. The retail portion was oversubscribed 1.48 times, while the non-institutional investors had subscribed only 35% of the shares reserved for them. The employee portion was oversubscribed 4.32 times. Overall, the issue was subscribed 1.1 times.
Ather Energy IPO Day 2: Subscription status, GMP trends, price band to review —Should you apply?
Ather Energy IPO: Retail investors drove demand, subscribing to 94% of their allotted portion, while non-institutional investors (NIIs) subscribed 19%. The Rs 3,000-crore issue is set to close on April 30, with the listing scheduled for May 6.
Ather Energy IPO: Check subscription on Day 1, GMP and other details
Ather Energy's IPO, aiming to raise nearly Rs 3,000 crore, saw a slow start with just over 12% subscription on day one, led by retail investors. Despite a subdued grey market premium, analysts are optimistic, citing Ather's strong market position and R&D. The IPO values the company at approximately $1.4 billion, with proceeds earmarked for expansion and R&D.
Ather Energy's Rs 2,981-crore IPO opens for subscription. Should you bid amid weak GMP?
IPO GMP: Ather Energy launched its IPO today. The company plans to raise Rs 2,981 crore. The IPO includes fresh equity shares and an offer for sale. Funds will support expansion and R&D. Analysts recommend subscribing, citing Ather's strong position in the electric two-wheeler market. The company anticipates industry growth and aims to expand its product range.
Ather Energy IPO, 2 other issues to revive primary market momentum this week
The Indian IPO market is set to revive with Ather Energy's public offer launch today. The IPO will be open for subscription till April 30, with a price range of Rs 304-321 per share. Arunaya Organics and Kenrik Industries SME IPOs will also open later this week.
Ather Energy lists losses since inception, negative cash flows as key risks to IPO
According to the RHP, the electric two-wheeler maker could continue to incur operating losses as it invests in expanding manufacturing capabilities, distribution network, product portfolio and charging infrastructure. It holds forth no assurance of being able to realise the expected returns from such investments in the future. "Profitability will depend on many factors,” says the RHP.
Hero Future Energies appoints 4 I-bankers for Rs 5,000-crore IPO
HFE has scaled up its IPO fundraising ambition to ?5,000 crore after initial positive feedback from ESG investors. Backed by KKR and IFC, HFE has appointed JM Financial, Axis, Nomura and Bank of America, said multiple people aware of the development.
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