Ather’s IPO: Attention-grabbing gleanings on EV trade from its DRHP and the way PM E-Drive can provide a booster dose

With plans to go public, Ather Vitality has sought to lift ₹3,100 crore via a mix of recent capital and a proposal on the market (OFS) from present buyers. As per the corporate’s DRHP, in FY24, it reported revenues of round ₹1,700 crore however confronted vital losses of roughly ₹1,000 crore. These losses had been … Read more

Hyundai prone to file draft purple herring prospectus with SEBI anytime now

Auto behemoth Hyundai Motor India Restricted’s (HMIL) moved a step nearer to an preliminary public providing (IPO) within the Indian market, with the corporate set to file its draft purple herring prospectus (DRHP) with the Securities and Trade Board of India (SEBI) anytime now. Sources near the event informed businessline that the corporate is prepared … Read more

Premier Energies to drift IPO, to lift ₹1,500 crore

Premier Energies Restricted, an built-in photo voltaic cell and photo voltaic module producer with an annual put in capability of two GW and three.36 GW respectively, has filed the draft purple herring prospectus (DRHP) with SEBI to lift over ₹1,500 crore by an preliminary public providing (IPO). Additionally learn:Premier Energies baggage ₹1,700-crore order from NTPC … Read more