Ather Energy Ltd.
Industry:
Automobile Two & Three Wheelers
Issue Details
Open Date
28 Apr 2025Close Date
30 Apr 2025Size (in Crs.)
1622.24 - 1712.96
Size (Shares)
-Listing On
BSE, NSE
Issue Terms
Price Range
-17Lot Size
46
Type
Book building
Face Value
1
Market Lot
1
Objective of the Issue
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.
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 development in India in orderto build an E2W ecosystem. We are a pure play EV company that designs all our products ground... Show More
Address
3rd Floor , Tower D , I B C Knowledge Park # 4 / 1 , Bannerghatta Main Road
Bengaluru
560029
Promoter Holding
Promoters:
Hero MotoCorp Ltd., Swapnil Babanlal Jain, Tarun Sanjay Mehta
Total Share Capital
158728716
Offered to Public
97443193
% Promoter's Holding (Pre-Issue)
52.67
% Promoter's Holding (Post-Issue)
-
Shares on offer
Total Share Offer
158728716
Of above offred to public
97443193
Post Issue shares
NA
Post Issue Promoters
-
Lead Managers to the Issue:
Axis Capital Ltd., HSBC Securities & Capital Markets (India) Pvt Ltd, JM Financial Ltd., Nomura Financial Advisory & Securities (India) Pvt Ltd.
Registrar Details
Registrar Name:
MUFG Intime India Pvt Ltd.
Address
C 101, 247 Park , LBS Marg , Vikhroli (West) , Mumbai
400083
Phone No.
-
-
Website
https://in.mpms.mufg.com/
Fax
-