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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
With a 1.43x subscription, the electric two-wheeler maker’s debut on the bourses remained muted, as against rival Ola Electric’s IPO in August 2024.
Ather Energy’s initial public offering ended on Wednesday, with a 1.43x subscription after three days of bidding. The electric scooter maker saw a subscription of 16% on Monday and 28% on the second day of bidding. The price band was set between Rs 304 and Rs 321 per share.
The Bengaluru-based company plans to use Rs 927.2 crore of the IPO proceeds towards building a factory in Maharashtra. All its two-wheelers are currently manufactured at its facility in Hosur, Tamil Nadu. It also intends to set aside around Rs 40 crore for debt repayment and Rs 750 crore towards research …
The startup isn’t sure where its future lies—in electric motorcycles or the more recently announced electric scooter? Unsurprisingly, none of the products have amounted to anything so far.
The plan to speed up the national capital’s EV transition puts India's production capabilities and supply chain to the test.
Startups of all hues are lining up to hit the IPO market like never before, even as the economy sends distress signals. Can the equity market absorb this type of supply?
