Ather energy IPO: The IPO of Electric to Vehicle Maker Ather Energy Limited is opening for subscription on 28 April. Investors will be able to bid for this by 30 April. The company will raise 2,981 crore with this issue. However, since the announcement of the issue, Ather Energy’s Gray Market Premium (GMP) is decreasing.

Company reduced IPO size

Ather Energy has fixed a price band of Rs 304-321 per share for this IPO. The lot size is of 46 equity shares. Tiger Global Funde has reduced the size of its IPO and now the company plans to issue a fresh issue of Rs 2,981 crore. Whereas the first plan was to raise Rs 3,100 crore.

The minimum investment amount for retail investors is Rs 13 thousand 984. In the IPO, 8.18 crore fresh equity shares worth Rs 2,626 crore will be issued and an offer for 1.1 crore shares will be for sale. The size of the total issue is Rs 2,981 crore. Promoter Tarun Sanjay and Swapnil Babanla will sell some part of their stake with other corporate shareholders under the Os.

Share’s gray market premium

A day before the bidding, the Gray Market Premium (GMP) of Ather Energy share is Rs 3, which shows 0.93 percent premium at the issue price. Before the launch of the IPO, GMP started from Rs 17 on April 22 and it has now come on a single digit.

In which work will the fund use?

Funds from IPOs will be used for many major tasks, including setting up of new electric two-wheeler factory in Maharashtra, repayment of debt, investment and development (R&D) investment and marketing and expenses for marketing and general corporate works. This electric scooter manufacturer has raised 1,340 crore from anchor investors. The shares were allotted at a price of 321 per share.

Total 4.18 crore equity shares were released to 36 anchor investors, including names like SBI, Abu Dhabi Investment Authority (Adia), Invesco, Franklin Templeton, ICICI Prudential, Morgan Stanley and Society General. Hero MotoCorp is the largest shareholder in Ether with about 40 percent stake. Hero has retained his stand that he will not sell his shares in public offer.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

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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.

Disclaimer: (The information provided here is being given only for information. It is necessary to tell here that the investment in the market is subject to risks. Always consult expert before investing as an investor. Abplive.com is never advised to invest money here.)

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In this video we will give complete information about the Ather Energies IPO, including the GMP, price band, and lot size of the IPO. Learn all the important details about Ather Energies IPO, such as its launch date, subscription dates and expected returns. We will also discuss its risks and benefits, so that you can take the right decision. If you are thinking of investing in the Ather Energies IPO, then definitely watch this video. To know everything about Ather Energies IPO, watch the video end and if you like the video, do not forget to do, comment and share!