stockaxis

New Subscribers Offer: Enjoy 50% OFF on Two or More Annual Services! NOW50

New Subscribers Offer: Enjoy 50% OFF on combo! NOW50

Ather Energy Ltd.

Automobile Two & Three Wheelers

IPO Details
  • Issue Type Book building
  • Price range Rs.304-321
  • Market Lot 46
  • Total Equity Shares 53363160
  • Face Value Rs. 1
  • Listing Date May 06, 2025
IPO Timeline
Opening date Apr 28, 2025
Closing date Apr 30, 2025
Listing Date May 06, 2025

IPO Details

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-up in India. Wesold 109,577 E2Ws in Fiscal Year 2024. According to the CRISIL Report, in Fiscal Year 2024, we were the thirdlargest player by volume of E2W sales.

Projects

1. Project Name: Capital expenditure to be incurred by our Company for establishment of an E2W factory in Maharashtra

Project Cost: 9272

2. Project Name: Repayment/ pre-payment, in full or part, of certain borrowings availed by our Company

Project Cost: 400

3. Project Name: Investment in research and development

Project Cost: 7500

4. Project Name: Expenditure towards marketing initiatives

Project Cost: 3000

Promoters

Prmoters Name

1. Tarun Sanjay Mehta

2. Swapnil Babanlal Jain

3. Hero MotoCorp Ltd.

Prmoters Holdings
  • Pre Share Capital: 158728716
  • Pre Promoter Holding: 52.67
  • Offer to Public: 97443193
  • Post Share Capital: 156768716
  • Post Promoter Holding: 42.09

Registrar

Data not availble

Lead Managers

  • Axis Capital Ltd.
  • HSBC Securities & Capital Markets (India) Pvt Ltd
  • JM Financial Ltd.
  • Nomura Financial Advisory & Securities (India) Pvt Ltd.

Subscription Details

Field Description Field Value
Ipo Code 3108
Total Equity 53363160

Field Description Field Value
No of Shares Offered/Reserved For Qualified Institutional Buyers 28927363
No of Shares Bid For Qualified Institutional Buyers 49060472
Total No of Shares Bid For Qualified Institutional Buyers 1.70
No of Shares Offered/Reserved For Foreign Institutional Buyers 0
No of Shares Bid For Foreign Institutional Buyers 12992332
Total No of Shares Bid For Foreign Institutional Buyers 0.00
No of Shares Offered/Reserved For Mutual Fund 0
No of Shares Bid For Mutual Fund 34112496
Total No of Shares Bid For Mutual Fund 0.00
No of Shares Offered/Reserved For Qualified Institutional Buyers - Others 0
No of Shares Bid For Qualified Institutional Buyers - Others 1955644
Total No of Shares Bid For Qualified Institutional Buyers - Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Non-Institutional Buyers 14601478
No of Shares Bid For Non-Institutional Buyers 9627202
Total No of Shares Bid For Non-Institutional Buyers 0.66
No of Shares Offered/Reserved For Corporate 0
No of Shares Bid For Corporate 3267702
Total No of Shares Bid For Corporate 0.00
No of Shares Offered/Reserved For Individuals 0
No of Shares Bid For Individuals 6139022
Total No of Shares Bid For Individuals 0.00
No of Shares Offered/Reserved For Individuals - Others 0
No of Shares Bid For Individual Others 220478
Total No of Shares Bid For Individual Others 0.00

Field Description Field Value
No of Shares Offered/Reserved For Retail Individual Investor 9734319
No of Shares Bid For Retail Individual Investor 17313710
Total No of Shares Bid For Retail Individual Investor 1.78
No of Shares Offered/Reserved For Retail Individual Investor - Cutoff 0
No of Shares Bid For Retail Individual Investor - Cutoff 15082848
Total No of Shares Bid For Retail Individual Investor - Cutoff 0.00
No of Shares Offered/Reserved For Retail Individual Investor 0
No of Shares Bid For Retail Individual Investor 2230862
Total No of Shares Bid For Retail Individual Investor 0.00

Field Description Field Value
No of Shares Offered/Reserved For Employee 100000
No of Shares Bid For Employee 542662
Total No of Shares Bid For Employee 5.43
No of Shares Offered/Reserved Employee - Cutoff 0
No of Shares Bid For Employee - Cutoff 410504
Total No of Shares Bid For Employee - Cutoff 0.00
Total No of Shares Bid Offered/Reserved For Employee 0
No of Shares Bid Offered/Reserved For Employee 132158
Total No of Shares Bid For Employee 0.00

Field Description Field Value
No of Shares Offered/Reserved For All 53363160
No of Shares Bid For All 76544046
Total 1.43