Outlook Business Desk
Ather Energy’s IPO will open for public subscription on April 28 ,2025 and close on April 30, 2025. The anchor investor allocation is scheduled from April 25.
The price band is set between Rs 304 and Rs 321 per share, with a face value of Rs 1. Investors can bid for a minimum of 46 shares and in multiples thereafter.
The IPO comprises a fresh issue of Rs 2,626 crore and an offer-for-sale of 1.1 crore shares by existing investors and company promoters.
Allocation is divided as follows: 75% for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors
Ather Energy offers a Rs 30 per share discount to its employees on shares reserved for them.
Founded in 2013, Ather Energy is known for its smart electric scooters like the Rizta, contributing to the EV space in India
Funds raised will be utilized for plant expansion, research and development, and marketing activities until FY28
Post allotment, shares are expected to be listed on both BSE and NSE on May 6, 2025.