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Ather Energy Ltd
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Registered Office :
3rd Flr Towewr D IBC Knowledge,Park #4/1 Bannerghatta Main Rd
,
Bangalore
-
560029
,
Karnataka
, India.
Phone :
+91 80 6646 5750 Fax:
Email : cs@atherenergy.com
Website : www.atherenergy.com
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Initial public offering of 92,867,945 equity shares of face value of
Re. 1 each ("Equity Shares") of Ather Energy Limited (The "Company" or the "Issuer") for cash at a price of Rs321^ per equity share including a securities premium of Rs320^ per equity share (the "Offer Price") aggregating up to Rs2980.80 crores^ (the "Offer"). The offer comprises a fresh issue of 81,816,199 equity shares of face value of Re. 1 by the company aggregating to Rs2626.00 crores^ (the "Fresh Issue") and an offer for sale of 11,051,746 equity shares of face value of Re. 1 each aggregating up to Rs354.80 crores comprising of 980,000 equity shares of face value of Re. 1 each aggregating to Rs31.46 crores by Tarun Sanjay Mehta, 980,000 equity shares of face value of Re. 1 each aggregating to
Rs31.46 crores by Swapnilbabanlal Jain (together the "Promoter Selling Shareholders"), 6,003,460 equity shares of face value of Re. 1 each aggregating to Rs192.71 crores by Caladium Investment Pte Ltd, 2,634,514 equity shares of face value of Re. 1 aggregating to Rs84.57 crores by National Investment and Infrastructure fund ii, 400,000 equity shares of face value of Re. 1 each aggregating to Rs12.84 crores by Internet Fund iii pte. ltd., 31,050 equity shares of face value of Re. 1 each aggregating to Rs1.00 crores by iitm incubation cell, 4,191 equity shares of face value of Re. 1 each aggregating to Rs0.14 crores by iitms ruraltechnology and business incubator (together the "Corporate Selling Shareholders") and 18,531 equity shares of face value of Re. 1 each aggregating to Rs0. 60 crores by Amit Bhatia ("Individual Selling Shareholder", and together with the promoter selling shareholders and the corporate selling shareholders referred to as the "Selling Shareholders").
^A Discount of Rs30 per equity share was offered to eligible employee bidding in the employee reservation portion.
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Opens On
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Closes On
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Application
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Allotment
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28-Apr-25
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30-Apr-25
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Rs 321.00-0.00
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Rs 0.00-0.00
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Minimum Application for shares in Nos :46 Further
Multiples of :46
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(Rs Cr)
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Lead Managers to the Issue
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Project Cost
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2509.40
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Project Financed through Current Offer
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2980.80
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Post Issue Equity Share Capital
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37.25
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Issue Price
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Rs 321.00
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