00:00If you want to earn money by investing through Initial Public Offering i.e. IPO, then this
00:09opportunity may be special for you.
00:11In fact, Electric Two Wheeler Maker Ether Energy is preparing to bring its IPO.
00:17Yes, the company has announced it.
00:19What are its details?
00:20Let's know in this video.
00:21So, according to the company's announcement, not only new shares will be issued under this
00:27i.e.
00:28OFS window.
00:29The company has also filed its draft Red Herring Prospectus i.e. DRH near SEBI.
00:36About a month ago, Ether Energy's biggest competitor Ola Electric's shares have already
00:41been listed in the domestic market.
00:43However, after doubling the investors' money, there is a pressure to recover profits.
00:48Now, if we talk about the details of Ether Energy IPO, then under the IPO, Ether Energy
00:53will issue new shares worth Rs. 3.3 billion.
00:56According to the draft of the IPO, SEBI is going to sell 2.2 crore shares under the OFS
01:03window.
01:04Tarun Sanju Mehta and Swapnil Bablnaldoss will sell 10 lakh shares.
01:08If we talk about the use of the money collected through the IPO, then the money of OFS will
01:13be given to the shareholders who sell the shares.
01:15While the use of the money collected through the new shares will be in the R&D of installing
01:19a new two-wheel manufacturing facility in Maharashtra.
01:22Let me tell you that Ether Energy also has the investment of India's largest two-wheeler
01:26company Hero Motocorp.
01:2837.2% of the shares belong to Hero Motocorp.
01:33However, Hero will not sell shares in the IPO.
01:36Ether Energy has proposed to use the income obtained from the fresh issue for marketing
01:42initiatives, repayment of debt, and general corporate purposes for the capital expenditure
01:49of the company.
01:52It has also been said in the report that Access Capital, HSBC Securities & Capital Markets
01:57Pvt. Ltd., JM Financial, and Nomura Financial Advisory Securities Pvt. Ltd. are the book
02:03running lead managers of Ether Energy IPO.
02:06Ether Energy is a purely electric vehicle company that designs all its products in India.
02:12Since its inception in 2013, the company has focused on product and technology development
02:18in India to create an E2W ecosystem.
02:21Ether Energy IPO will be the second electric two-wheeler company to go public after Ola
02:26Electric Mobility, which raised Rs 6,145 crores from its IPO in August.
02:31The Ola Electric IPO included a new issue of up to Rs 5,500 crores and an OFS of 8.49
02:37crore equity shares.
02:40Due to employees, its IPO received a response of more than 12 times.
02:45Its shares were issued at a price of Rs 76 and on August 9, 2024, the flat listing disappointed
02:51the IPO investors.
02:53However, then the shares caught up and on the day of listing, the upper circuit of 20%
02:58closed at Rs 91.18.
03:00On August 20, 2024, it reached a record high of Rs 157.53.
03:06However, after doubling the investors' money, there is also a pressure to recover profits.
03:11Now, the second IPO in this segment will be Ether Energy's IPO.
03:16What will happen next?
03:17Do you want to invest in it or not?
03:19We will definitely tell you through GoodReturns.
03:22Well, what do you expect from Ether Energy?
03:24Do tell us by commenting.
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