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News Details

( As on 23/04/2025 16:00)

Ather Energy announces launch of initial public offering

Ather Energy Ltd. has announced public offering of 92858600 shares at a price of Rs 1.00 each for Cash at a Premium of Rs 320.00 per share. The gross proceeds of the issue are expected to be Rs 2,98,076.11 lakhs.

The company's initial public offer (IPO) will open on 28 April 2025 and is expected to close on 30 April 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 304.00-321.00 per share.

The IPO includes a fresh Issue of 92858600 Equity Shares of the Company at an price of Rs 321.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 46 shares with bids in multiples of 46.

Ather Energy Ltd. anticipates using the proceeds of the issue for .

HSBC SECURITIES AND CAPITAL MARKETS (I) PVT LTD,Nomura Financial Advisory and Securities (India) P,JM Financial Limited,Axis Capital Ltd. as lead manager(s) & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.