Electric two-wheeler maker Ather Energy Ltd on Wednesday (April 23, 2025) stated it has fastened a price band of ₹304 to ₹321 a bit for its ₹2,981 crore Initial Public Offering (IPO).
The concern will probably be open for public subscription from April 28 to April 30.
The bidding for anchor traders will open for a day on April 25, the corporate introduced. This would be the first mainboard public concern of the present monetary 12 months (2025-26).
The IPO will probably be a mixture of recent concern of fairness shares price ₹2,626 crore, and an Offer-For-Sale (OFS) of 1.1 crore fairness shares by promoters and different shareholders.
Ather intends to boost funds for the institution of an electrical two-wheeler manufacturing facility in Maharashtra and for debt discount. At the higher finish of the price band, the IPO measurement is pegged at ₹2,981 crore, putting the corporate’s total valuation at ₹11,956 crore.
This would be the second electrical two-wheeler firm trying to go public after Ola Electric Mobility floated its ₹6,145 crore IPO in August final 12 months.
Ola Electric’s IPO had a recent concern of as much as ₹5,500 crore and an OFS of as much as 8.5 crore fairness shares.
Apart from its IPO plans, Ather Energy has additionally been increasing its analysis and improvement capabilities. Recently, the corporate introduced the enlargement of its R&D and testing capabilities at its product testing & validation centre.
The electrical two-wheeler firm has put aside 75% of the problem for certified institutional consumers, 15% for non-institutional traders and the remaining 10% for retail traders.
Axis Capital, JM Financial, Nomura Financial Advisory and Securities (India), and HSBC Securities & Capital Markets are the IPO’s book-running lead managers. The fairness shares of the corporate are anticipated to listing on May 6 on the inventory exchanges.
Published – April 23, 2025 01:04 pm IST
