Ather Energy IPO - Market Bandhu

Objective of the Issue

The Company Ather Energy IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

Capital expenditure to be incurred by the Company for establishment of an E2W factory in Maharashtra, India.
Repayment/ pre-payment, in full or part, of certain borrowings availed by the Company.
Investment in research and development.
Expenditure towards marketing initiatives.
General corporate purposes.

IPO Details
IPO Open Date	28 April 2025
IPO Close Date	30 April 2025
IPO Issue Size	9,28,58,599 shares (Aggregating up to ₹2,980.76 Cr)
Fresh Issue	8,18,06,853 shares (Aggregating up to ₹2,626.00 Cr)
Offer for Sale	1,10,51,746 shares (Aggregating up to ₹354.76 Cr)
Retail Portion	Not more than 10% of the offer
NII Portion	Not more than 15% of the offer
QIB Portion	Not less than 75% of the offer
Listing At	BSE, NSE
IPO Price
Face Value	₹1 per share
IPO Price Band	₹304 to ₹321 per share
IPO Issue Type	Book Built Issue
Time Table (Tentative)
IPO Open Date	28 April 2025
IPO Close Date	30 April 2025
Basis of Allotment Date	2 May 2025
Initiation of Refunds	5 May 2025
Credit of Share to Demat Account	5 May 2025
IPO Listing Date	6 May 2025
Company Promotor & Promotor’s Holding
Tarun Sanjay Mehta, Swapnil Babanlal Jain, and HMCL are the company promoters.
Pre Issue Promotor Holding	52.67%
Post Issue Promotor Holding	42.09%
Company’s Contact & Address
Ather Energy Limited 3 rd Floor, Tower D, IBC Knowledge Park, #4/1 Bannerghatta Main Road, Bangalore 560029, Karnataka, India Phone: +91 80 6646 5750 Email: cs@atherenergy.com Website: http://www.atherenergy.com/
IPO Registrar, Lead Manager, Prospectus
IPO Prospectus
DRHP of Ather Energy IPO RHP of Ather Energy IPO
IPO Registrar
Link Intime India Private Ltd
IPO Lead Manager
Axis Capital Limited Hsbc Securities & Capital Markets Pvt Ltd Jm Financial Limited Nomura Financial Advisory And Securities (India) Pvt Ltd