Electric two-wheeler maker Ather Energy sets IPO price band at ₹304-321/share
The Hindu
Ather Energy sets IPO price band at ₹304-₹321, aiming to raise funds for factory and debt reduction.
Electric two-wheeler maker Ather Energy Ltd on Wednesday (April 23, 2025) said it has fixed a price band of ₹304 to ₹321 a piece for its ₹2,981 crore Initial Public Offering (IPO).
The issue will be open for public subscription from April 28 to April 30.
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 IPO will be a combination of fresh issue of equity shares worth ₹2,626 crore, and an Offer-For-Sale (OFS) of 1.1 crore equity shares by promoters and other shareholders.
Ather intends to raise funds for the establishment of an electric two-wheeler factory in Maharashtra and for debt reduction. At the upper end of the price band, the IPO size is pegged at ₹2,981 crore, placing the company's overall valuation at ₹11,956 crore.
This will be the second electric two-wheeler company looking to go public after Ola Electric Mobility floated its ₹6,145 crore IPO in August last year.
Ola Electric's IPO had a fresh issue of up to ₹5,500 crore and an OFS of up to 8.5 crore equity shares.
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