1 week Ago
Electric 2-Wheeler (E2W) manufacturer Ather Energy is set to break the two-month dull period in the Indian market, with the company's initial public offer (IPO) opening on April 28. The issue closes on April 30. The Hero MotoCorp-backed company plans to raise around ₹ 2,981 crore through a combination of fresh issue and offer for sale.
Ather Energy has priced the IPO in the range of Rs 304-321 per share. In the grey market, ever since the price band has been announced, the GMP has plummeted to ₹3. A report by Kunvarji Wealth Solutions has detailed the strengths, weaknesses, opportunities, threats (SWOT) analysis of the Ather Energy IPO.
Ather Energy IPO: Here's a SWOT Analysis Strength - Pure EV player with leading position in the growing Indian E2W market. - Strong R&D with vertically integrated approach to product design. - Experienced management with strong corporate governance standards.
Weakness - Business concentration has seen as company derive 61% of its total revenue from southern part of India. - For certain type of raw materials, company heavily rely on third party. Opportunities - Strategically expand product portfolio through multi-product technology.
- Expand and deepen the distribution network across India and beyond. - Invest in new technology and grow inorganically through strategic acquisition. Threats - Strong competitive pressure from the major industry peers.
- Volatility in the prices of raw materials expected to remain cause of higher hedging cost for the industry. The company will be list on BSE, NSE with a tentative listing date fixed as May 6. Ather Energy was founded on October 21, 2013 and is headquartered in Bangalore, Karnataka.
As of Apr-Dec of fiscal 2025, Ather was the 4 th largest Electric 2-Wheeler manufacturer in India by sales volume, after Ola, TVS and Bajaj..
