Ather Energy IPO subscription will open from today; Know all details

Ather Energy Limited IPO will begin today. At the same time, its subscription will close on the two days later i.e. on 30th of April. Its entire issue amount is Rs 2980.76 crore. The price band of this IPO will be between Rs 304 and Rs 321 per share. Investors will have to purchase at least 46 shares. Which implies that its lot size will be 46 shares.

Together with this, Ather Energy wishes to raise funds by way of IPO and use the funds for establishing a new facility in Maharashtra. Side by side, this will also be used for loan repayment as well as prepayment of loans.

According to the information received from the official document of the company, the company will allot the IPO on May 2. At the same time, the investors who have not been able to get the IPO of Air Energy, their money will be refunded by May 5.

With this, on May 5 itself, the IPO will be credited in the form of shares in the demat account. Its shares are expected to be listed on BSE and NSE on May 6.

According to the information received from the company, the IPO issue structure of Ather Energy is going to be something like this. 75% of the IPOs are reserved for Qualified Institutional Buyers. 10% is reserved for retail investors. The remaining 15% is reserved for non-institutional investors.

Ather Energy Limited manufactures two-wheelers and related products. Related products and services include battery packs, charging infrastructure and supporting software systems. This company was established on 31 December 2024.

Since December, the company has 265 experience centers and 233 service centers. At the same time, 4,20,000 electric vehicles and 379,800 battery packs are manufactured annually at the Hosur factory in Tamil Nadu till March 2024.

The company has suffered a loss of Rs 766.40 crore till December 31, 2024. At the same time, Rs 1617.40 crore has been earned till December 31.