Ather Energy Ltd.
Issue Open Date 28-Apr-25  
Issue Closing Date 30-Apr-25  
Application Money 100  
Allotment Money  
Price Band () 304 - 321  
Minimum Bid Quantity. 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.

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 E2Ws in-house. Our Company was founded by Tarun SanjayMehta and Swapnil Babanlal Jain in 2013, with a focus on product and technology deve...

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  
Address
Address :3rd Floor
Tower D
I B C Knowledge Park # 4 / 1
Bannerghatta Main Road
City :Bengaluru, State :Karnataka Pincode :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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