Ather Energy Limited
| Opening Date | Closing Date | Face Value | Issue Price | Lot Size | Listing At | Total Issue Size | Basis of Allotment | Initiation of Refunds | Credit of Shares to Demat | Listing Date |
|---|---|---|---|---|---|---|---|---|---|---|
| 28-04-2025 | 30-04-2025 | ₹1 per share | 0 | ₹304 to ₹321 per share | BSE, NSE | 9,28,67,945 shares (aggregating up to ₹2,981.06 Cr) | 2025-05-02 00:00:00 | 2025-05-05 00:00:00 | 2025-05-05 00:00:00 | 06-05-2025 |
About The Company
Ather Energy IPO is a bookbuilding of Rs 2,981.06 crores. The issue is a combination of fresh issue of 8.18 crore shares aggregating to Rs 2,626.30 crores and offer for sale of 1.11 crore shares aggregating to Rs 354.76 crores.
Ather Energy IPO opens for subscription on April 28, 2025 and closes on April 30, 2025. The allotment for the Ather Energy IPO is expected to be finalized on Friday, May 2, 2025. Ather Energy IPO will be list on BSE, NSE with a tentative listing date fixed as Tuesday, May 6, 2025.
Ather Energy IPO price band is set at ₹304 to ₹321 per share. The minimum lot size for an application is 46. The minimum amount of investment required by retail investors is ₹13,984. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹14,766. The minimum lot size investment for sNII is 14 lots (644 shares), amounting to ₹2,06,724, and for bNII, it is 68 lots (3,128 shares), amounting to ₹10,04,088.
Axis Capital Limited, Hsbc Securities & Capital Markets Pvt Ltd, Jm Financial Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd are the book running lead managers of the Ather Energy IPO, while Link Intime India Private Ltd is the registrar for the issue.
Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrow |
|---|---|---|---|---|---|---|
| 31-03-2022 | 819 | 414 | -344 | 224.9 | 224.2 | 298.4 |
| 31-03-2023 | 1977 | 1802 | -865 | 613.7 | 613.1 | 613.1 |
| 31-03-2024 | 1914 | 1789 | -1060 | 545.9 | 545.1 | 314.9 |
| 31-12-2024 | 2172 | 1617 | -578 | 108 | 104.1 | 521.6 |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 46 | 14776 |
| Retail (Max) | 13 | 598 | 191958 |
| S-HNI (Min) | 14 | 644 | 20674 |
| S-HNI (Max) | 67 | 3082 | 898322 |
| B-HNI (Min) | 68 | 3128 | 1004088 |
IPO Listing Details
| Listing Date | 06-05-2025 |
| BSE Script Code | - |
| NSE Symbol | - |
| ISIN | - |
| Final Issue Price | 0 |
Promoter holdings
Tarun Sanjay Mehta, Swapnil Babanlal Jain, and HMCL are the company promoters.
Contact Information of the Company
Ather Energy Limited
3 rd Floor, Tower D,
IBC Knowledge Park,
#4/1 Bannerghatta Main Road,
Phone: +91 80 6646 5750
Email: cs@atherenergy.com
Website: http://www.atherenergy.com/
IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: atherenergy.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
IPO Lead Manager
Axis Capital Limited (Past IPO Performance) Hsbc Securities & Capital Markets Pvt Ltd (Past IPO Performance) Jm Financial Limited (Past IPO Performance) Nomura Financial Advisory And Securities (India) Pvt Ltd (Past IPO Performance)