Ather Energy's Rs 2,626-crore IPO to hit Street tomorrow; price band, important dates, other details to know

Ather Energy IPO: The initial public offering of electric two-wheeler maker Ather Energy will open for bidding on April 28. The three-day public issue will conclude on April 30, aiming to raise Rs 2,626 crore to get listed on the exchanges, NSE and BSE. This will be the second electric two-wheeler company looking to go public after Ola Electric Mobility floated its Rs 6,145 crore IPO in August last year. 

Here are the key details you need to know - 

Ather IPO size

Aether Energy’s IPO is estimated to be worth approximately Rs 2,981 crore, comprising fresh issuance to the tune of Rs 2,626 crore and an offer for sale (OFS) of 1.1 crore equity shares, according to its red herring prospectus filed with SEBI. That marks a 15 per cent cut in the fresh issuance and a 50 per cent reduction in the quantity of shares offered under the OFS originally planned.

Ather IPO price band & important dates

-The company has fixed a price band of Rs 304 to Rs 321 a piece.

-At the upper end of the price band, the IPO size is pegged at Rs 2,981 crore, placing the company's overall valuation at Rs 11,956 crore.

- The bidding for anchor investors will open for a day on April 25, the company announced. This will be the first mainboard public issue of the current financial year (2025-26).

- The electric two-wheeler company has set aside 75 per cent of the issue for qualified institutional buyers, 15 per cent for non-institutional investors, and the remaining 10 per cent for retail investors.

- Ather intends to raise funds for the establishment of an electric two-wheeler factory in Maharashtra and for debt reduction. 

- Apart from its IPO plans, Ather Energy has also been expanding its research and development capabilities. Recently, the company announced the expansion of its R&D and testing capabilities at its product testing & validation centre.

With PTI inputs