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<ul><li><keyword id="19938729" type="General" weightage="20" keywordseo="ather-energy" source="keywords">Ather Energy</keyword> has filed draft papers for a ₹3,100 crore IPO with SEBI.</li><li>Ola Electric had raised ₹5,500 crore in its IPO in August.</li><li>Ather Energy plans to set up a new manufacturing facility in Maharashtra.</li></ul>Electric two-wheeler manufacturer Ather Energy has announced that it is going public and raising ₹3,100 crore in its initial public offering (IPO). The Tarun Mehta-led company has filed its Draft Red Herring Prospectus (DRHP) with the Securities Exchange Board of India (SEBI). The proposed IPO includes a fresh issue of shares worth ₹3,100 crore and an offer for sale (OFS) component of 2.2 crore shares by promoters and investors. <keyword id="20253467" type="General" weightage="20" keywordseo="tarun-mehta" source="keywords">Tarun Mehta</keyword> and <keyword id="19993824" type="General" weightage="20" keywordseo="swapnil-jain" source="keywords">Swapnil Jain</keyword> will offload 10 lakh shares each. Caladium Investment Pte Ltd, National Investment and Infrastructure Fund II, Internet Fund III Pte Ltd and 3State Ventures Pte. Ltd are among the investors selling their shares. <div type="Article" hostid="261" msid="109128809" title="Ather Rizta launched in India as the Hero MotoCorp-backed EV forays into the family scooter segment" mstype="2" mssubtype="0"></div> Ather Energy’s IPO is nearly half of what its rival Ola Electric raised through its <a href="https://www.businessinsider.in/stock-market/webstories/ola-electric-ipo-price-band-to-risk-factors-all-you-need-to-know/slidelist/112185870.cms">IPO</a> last month. This will make Ather Energy the second electric two-wheeler maker in India to go public. Ather Energy is backed by Hero MotoCorp, which has a 37.2% stake in the EV maker. Hero MotoCorp will not sell its shares in the IPO. Apart from Hero MotoCorp, Flipkart co-founders Sachin Bansal and Binny Bansal have also invested in Ather Energy. The EV maker will use the funds raised in the IPO to establish a manufacturing facility in Maharashtra and invest in research and development. The proposed manufacturing facility in Maharashtra will come up in Chattrapati Sambhaji Nagar district. The company currently has a manufacturing facility at Hosur, Tamil Nadu. Ather Energy sells four electric scooters: the 450S, 450X, 450 Apex and the recently launched <a href="https://www.businessinsider.in/business/auto/news/ather-rizta-electric-scooter-launched-in-india-starting-at-rs-109999/articleshow/109128809.cms">Rizta</a>, a family scooter. The company also sells products like the Halo smart helmet and other scooter accessories. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/iphone-16-pro-iphone-16-pro-max-india-price-specifications/articleshow/113204340.cms">iPhone 16 Pro and iPhone 16 Pro Max with bigger displays, A18 Pro chipset launched starting at ₹1,19,900</a> <a href="https://www.businessinsider.in/tech/mobile/news/apple-iphone-16-iphone-16-plus-price-specs/articleshow/113203568.cms">iPhone 16, iPhone 16 Plus with A18 chipset launched starting at ₹79,900</a> <a href="https://www.businessinsider.in/stock-market/news/shree-tirupati-balajee-agro-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113196203.cms">Shree Tirupati Balajee Agro IPO allotment – How to check allotment, IPO GMP, listing date and more</a>

Ather Energy looks to raise ₹3,100 crore, files IPO papers with SEBI

<ul><li><keyword id="194503" type="General" weightage="20" keywordseo="cms-info" source="Orion">CMS Info</keyword> Systems’ IPO opened on December 21 and closes today.</li><li>The company plans to raise ₹1,100 crore via public issue of shares, which is a complete offer for sale by promoter Sion Investment Holdings PTE.</li><li>Shares of the company were demanding a premium of ₹30 per share in the grey market over a price band of ₹205 to ₹216 per share.</li></ul>Mumbai-based cash management company CMS Info Systems’ initial public offering (IPO) has been subscribed 66% in the first two days of issue and today, December 23, is the last day to subscribe to the issue. The portion reserved for the retail investors has been subscribed 1.3 times so far. The portion for qualified institutional buyers (QIB) remained unsubscribed on the two days. The price band of CMS Info Systems’ shares is set at ₹205-216. The subscription opened on December 21. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscription Times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyers </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.00 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non Institutional Investors </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.04 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1.30 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">0.66 </td></tr></tbody><tbody></tbody></table> The grey market premium (GMP) — premium at which people are willing to buy the shares in the grey market — was at ₹30 on December 22. The company is looking to raise ₹1,100 crore via public issue of shares, which is a complete offer for sale by promoter Sion Investment Holdings PTE. CMS Info Systems installs, maintains and manages assets and technology solutions on an end-to-end outsourced basis for banks under long term contracts. It claims to be India's largest cash management company based on the number of installed automated teller machine (ATM) points and number of retail pick-up points as of March 2021. The company is looking to list on the public market on December 30. “The company is well placed with a market share of 24.7% based on the total number of ATMs serviced and a market share of 41.1% based on the total number of outsourced ATMs. They have a strong network across pan-India and have long-standing relationships with leading banks. Besides, the company’s financials have been healthy and it has posted revenue/PAT CAGR of 7%/32% over FY19-21. From a long term perspective, we have a positive view on the company,” Religare Broking firm said in a report. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/check-out-snapdeal-top-executives-like-kunal-bahl-rohit-bansal-salary-for-year-2021/slidelist/88426612.cms" data-type="tilCustomLink">Snapdeal cofounders Kunal Bahl and Rohit Bansal will take home up to ₹5 crore in salaries from this year</a> <a href="https://www.businessinsider.in/tech/enterprise/news/apple-and-its-patents-in-2021-heres-what-the-tech-giant-could-bring-to-you-in-the-future/articleshow/88426551.cms" data-type="tilCustomLink">Apple and its patents in 2021: Here’s what the tech giant could bring to you in the future</a> <a href="https://www.businessinsider.in/science/space/news/scientists-find-more-evidence-of-possible-life-on-venus/articleshow/88425043.cms" data-type="tilCustomLink">Scientists find more evidence of possible life on Venus</a>

Today is the last day to subscribe to CMS Info Systems — GMP at ₹30

<ul><li>Samsung has launched the <keyword id="20800784" type="General" weightage="20" keywordseo="Galaxy-S24-FE" source="Orion">Galaxy S24 FE</keyword> smartphone in India.</li><li>The Galaxy S24 FE comes in two variants and is priced starting at ₹59,999.</li><li>The Galaxy S24 FE is now the most affordable offering in the company’s <keyword id="20259401" type="General" weightage="20" keywordseo="Galaxy-S24-series" source="keywords">Galaxy S24 series</keyword>.</li></ul>South Korean smartphone manufacturer Samsung has announced the Galaxy S24 FE (fan edition), the company’s latest offering in its S24 series, ahead of the festive season in India. The Fan Edition devices are affordable versions of existing devices, aimed at making them more accessible. The S24 FE has been placed below the Galaxy S24 smartphone. <h2><keyword id="20800783" type="General" weightage="20" keywordseo="Samsung-Galaxy-S24-FE-price" source="Orion">Samsung Galaxy S24 FE price</keyword> and availability</h2>The Samsung Galaxy S23 FE is priced at ₹59,999 for the 8GB RAM + 128GB storage variant and ₹65,999 for the 8GB RAM + 256GB storage variant. The device will be available in Blue, Graphite and Mint colour options. The pre-booking for the device is now live and it will go on sale starting from October 3. <h2><keyword id="20798092" type="General" weightage="20" keywordseo="Samsung-Galaxy-S24-FE" source="Orion">Samsung Galaxy S24 FE</keyword> specifications</h2>The Samsung Galaxy S24 FE runs on Android 14 out of the box with the company’s OneUI 6.1.1 on top. In some good news for its customers, the company has announced that the device will get seven years of Android updates and security updates. The device features a 6.4-inch Full HD+ Dynamic AMOLED display with 120Hz refresh rate and Corning Gorilla Glass Victus+ protection. The Galaxy S24 FE runs on the company’s <keyword id="23335278" type="General" weightage="20" keywordseo="Exynos-2400e" source="keywords">Exynos 2400e</keyword> chipset. It is available in two variants – 8GB RAM + 128GB storage variant and 8GB RAM + 256GB storage. There is also a 512GB variant available in other markets including the US but this is unlikely to be launched in India. <div type="Article" hostid="261" msid="113520294" title="Samsung Galaxy Watch Ultra review – premium watch with a rugged design" mstype="2" mssubtype="0"></div> Coming to the camera department, the Galaxy S24 FE features a triple camera setup at the back consisting of a 50MP primary camera with OIS, a 12MP ultra-wide-angle sensor and an 8MP telephoto lens with 3x optical zoom and OIS. On the front, the device sports a 10MP selfie camera. The Galaxy S24 FE is powered by a 4,700mAh battery coupled with 25W wired charging. The device also comes with wireless charging support. It features an in-display fingerprint sensor and is IP68 rated for water and dust resistance. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/airtel-is-using-ai-powered-technology-to-block-spam-calls-and-messages/articleshow/113691942.cms">Airtel is using AI-powered technology to block spam calls and messages</a> <a href="https://www.businessinsider.in/stock-market/webstories/diffusion-engineers-ipo-quick-review-ipo-gmp-risk-factors-and-more/slidelist/113687580.cms">Diffusion Engineers IPO quick review – IPO GMP, risk factors and more</a> <a href="https://www.businessinsider.in/business/auto/news/hyundai-motor-indias-25000-crore-ipo-gets-sebi-approval-indias-biggest-ipo-expected-to-launch-in-october/articleshow/113658837.cms">Hyundai Motor India’s ₹25,000 crore IPO gets SEBI approval – India’s biggest IPO expected to launch in October</a>

Samsung Galaxy S24 FE with seven years of updates, Exynos 2400e launched starting at ₹59,999

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Ather Energy looks to raise ₹3,100 crore, files IPO papers with SEBI

Sourabh Jain

Today is the last day to subscribe to CMS Info Systems — GMP at ₹30

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Samsung Galaxy S24 FE with seven years of updates, Exynos 2400e launched starting at ₹59,999

Sourabh Jain

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