Ather Energy to raise INR 1,200 Cr via preferential issue

QIP at a premiumMarquee QIP investorFund Raising View source PDF Explain this filing

ATHERENERG · price

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Price reactionminutes from the announcement price · days from the prior close

+7.2%Reaction day

₹1205.00

prior close

₹1293.20

announcement price

In-mkt

timing

Nifty Smallcap 250market+0.7%+6.5% vs market

2/3 Wheelers peers, median of 7sector+1.4%+5.8% vs sector

On the reaction day the stock moved 6.5 pts more than Nifty Smallcap 250 and 5.8 pts more than its 2/3 Wheelers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Sessions after the filingfrom the prior close

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Reaction day

+7.2+0.7+6.5+1.4+5.8

Next day

+5.4+0.7+4.6+1.4+4.0

+6.4+0.2+6.3+2.6+3.8

+7.7+0.3+7.4+2.2+5.4

+7.1+0.7+6.4+3.3+3.8

+5.1-0.6+5.8+5.0+0.1

+0.3-2.1+2.3+5.1-4.9

15d

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+23.0+1.9+21.1+14.7+8.3

+30.2-0.5+30.6+6.0+24.1

+22.0-1.9+23.9+4.5+17.5

UpDownMarket · Nifty Smallcap 250Sector · 2/3 Wheelers peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Ather Energy board approved raising up to INR 1,200 Crores via preferential issue. This includes 16.26 lakh equity shares at INR 1,230 each (about INR 200 Cr) to India-Japan Fund (a QIB and existing investor), and 79.36 lakh convertible warrants at INR 1,260 each (about INR 1,000 Cr) to promoter Hero MotoCorp and co-founders Tarun Mehta and Swapnil Jain. Warrants need 25% upfront payment with 18-month conversion window. EGM will be called for shareholder approval.

Likely market impact

Capital infusion to strengthen balance sheet. Hero MotoCorp promoter stake rises to 30.68%. Minor dilution. Subject to shareholder approval.