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Ather Energy Ltd.
Issue Open Date 28-Apr-25  
Issue Closing Date 30-Apr-25  
Application Money 100  
Allotment Money  
Price Band 304 - 321  
Minimium Application No. 46  
Issue Size (Shares) 92867945  
Market Lot 1  
Objective
1. Capital expenditure to be incurred by our Company for establishment of an E2W factory in Maharashtra, India;2. Repayment/ pre-payment, in full or part, of certain borrowings availed by our Company;3. Investment in research and development;4. Expenditure towards marketing initiatives; and5. General corporate purposes.
Category No. of Shares No. of Shares Subscription Ratio
  Offered / Reserved Bid For  
Non-Institutional Investors   14601478   9627202   0.659330651321736  
Qualified Institutional Buyers   28927363   49060472   1.69598839686839  
Retail Individual Investors   28927363   49060472   1.69598839686839  
Business Description
We are a pioneer in the Indian electric two-wheeler (“E2W”) market, according to the CRISIL Report. We designand develop E2Ws, battery packs, charging infrastructure, associated software and accessories, while wemanufacture our battery packs and assemble our E
Promoter's Holding
Total Share Capital   158728716  
Offered to Public   97443193  
Promoter's Holding (Pre-Issue)   52.67  
Promoter's Holding (Post-Issue)   42.09  
More
Address
3rd Floor
Tower D
I B C Knowledge Park # 4 / 1
Bannerghatta Main Road
Bengaluru ,
Karnataka ,
560029
Phone : 080-66465750
Email : cs@atherenergy.com
Website : www.atherenergy.com
Registrar
MUFG Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
Listed at
BSE, NSE
Lead Manager
Axis Capital Ltd.
HSBC Securities & Capital Markets (India) Pvt Ltd
JM Financial Ltd.
Nomura Financial Advisory & Securities (India) Pvt Ltd.
Promoters
Hero MotoCorp Ltd.
Swapnil Babanlal Jain
Tarun Sanjay Mehta
 

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