Tomorrow, Ather Energy's Rs 262.6 billion IPO landing street; price range, important date, other details to know

Ather Energy IPO: The first publicly issued electric two-wheeler Ather Energy will open on April 28. The three-day public offering will end on April 30 with the aim of raising Rs 2.626 crore to list on exchanges in NSE and BSE. This will be the second electric two-wheeler company that Ola Electric Mobility floated on its Rs 6,145 crore IPO in August last year.

Here are the key details you need to know –

Ather IPO size

According to its Red Herring company filed with Sebi, Ether Energy's IPO is estimated to be worth about Rs 298.81 crore, including a new offering of Rs 266.26 crore and a quote for 11 crore equity shares. This marks a 15% reduction in new issuance and a 50% reduction in shares, with a 50% reduction in shares originally planned by OFS.

Ather IPO price band and important dates

– The company sets the price band of Rs 304 at Rs 321 per block.

– On the top of the price band, the IPO size is fixed at Rs 2,981 crore, bringing the company's overall valuation at Rs 119,56 crore.

– The company announced that bids for anchor investors will open on April 25. This will be the first public offering of the motherboard for the current fiscal year (2025-26).

– Electric two-wheelers offer 75% of the problem for qualified institutional buyers, 15% for non-institutional investors and 10% for retail investors.

– Ather intends to raise funds to build two-wheeled electric plants in Maharashtra and reduce debt.

– In addition to its IPO program, Ather Energy is also expanding its R&D capabilities. Recently, the company announced an expansion of its R&D and testing capabilities at its Product Testing and Verification Center.

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