By Admin 
Electric two -wheeler manufacturer Eather Energy Limited is bringing its IPO. This issue will open for subscription from 28 April 2025 and will close on 2 May 2025. Earlier, the company has raised Rs 1,340 crore from anchor investors. According to regulatory filing, Ather has allocated 4.17 crore shares to 36 anchor investors at the rate of Rs 321 per share, which is on the upper limit of the price band of the IPO. The company’s price band has been fixed at Rs 304-321 per share.
Many big investors participated
Many big domestic and global investors have participated in the anchor book. These include names like Custody Bank of Japan, Franklin Templeton, Abu Dhabi Investment Authority, EastSpring Investments, Morgan Stanley Investment Management and Society General. Companies like PSBI Mutual Fund, Aditya Birla Sun Life MF, ICICI Prudential MF and Invesco MF have also invested at the domestic level.
2,981.06 crore IPO IPO IPO Size
The total issue size of Ather Energy is Rs 2,981.06 crore. Out of this, 8.18 crore new shares will be issued, which will be priced at Rs 2,626.30 crore, while 1.11 crore shares will be issued under offer for sale (offs), which is value of Rs 354.76 crore. The minimum lot of lot size 46 shares have been fixed for retail investors, for which about Rs 13,984 will have to be invested. If everything goes on according to the plan, then the shares will be allotted on May 2 and on 6 May 2025 shares of Ather Energy will be listed on BSE and NSE.
Can prove to be a big opportunity for investors
Ather Energy will become the second electric two-wheeler company to bring IPO after Ola Electric. In August last year, Ola Electric Mobility launched an IPO of Rs 6,145 crore. The total valuation of Ather Energy on the upper limit of the price band is being estimated at around Rs 11,956 crore. Ather’s IPO is considered a big opportunity for investors, especially at a time when the electric mobility sector is increasing rapidly.
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