- Price Band Fixed at ₹ 304 Per Equity Share to ₹ 321 Per Equity Share of the Face Value of ₹ 1 Each (“Equity shares“) Of Ather Energy LimitedCompany“)
- Anchor Investor Bidding Date – Friday, April 25, 2025
- BID /Offer Opening Date – Monday, April 28, 2025And Bid/ Offer Closing Date – Wednesday, April 30, 2025
- Bids can be made for a minimum of 46 Equity shares and in multiples of 46 Equity shares THEREFTER
- Employeee discount of ₹ 30 per equity share; Emplooyee reservation portion up to 100,000 equity shares
- Red Herring Prospectus dated April 22, 2025 (“RHP”) link: https://www.axscapital.co.in/contents/atherharm%
Ahmedabad, April 242025: Ather Energy Limited (the “Company”) Proposes to Open an Initial Public Offering (“Offer“) Of its equity shares of face value of ₹ 1 ach (“Equity shares“) On Monday, April 28, 2025. The anchor investor bidding date is one working day prior to bid/offer opening date, being Friday, April 25, 2025. The bid/ offer closing date is Wednesday, April 30, 2025.
The Price Band of the Offer has been fixed from ₹ 304 per Equity Share to ₹ 321 Per equity Share. Bids can be made for a minimum of 46 Equity shares and multiples of 46 Equity shares THEREFTER.
The Initial Public Offering Comprises a Fresh Issue of Equity Shares Aggregating up to ₹ 26,260 Million (The “Fresh Issue”) and an offer for sale of up to 11,051,746 Equity shares By the Selling shareholders Comprising up to 980,000 equity shares by Tarun sanjay mehtaup to 980,000 equity shares by Swapnil Babanlal Jain (Together thePromoter Selling shareholders“), Up to 6,003,460 equity shares by Caladium Investment PTE LTDup to 2,634,514 equity shares by National Investment and Infrastructure Fund IIup to 400,000 equity shares by Internet fund III PTE. Ltd., up to 31,050 equity shares by IITM Incubation Cellup to 4,191 equity shares by Iitms Rural Technology and Business Incubator (Together theCORPORATE SEELING SHAREELDERS“) And up to 18,531 equity shares by Amit Bhatia (“Individual Selling SHAREELDER“)
The offer incl. 100,000 equity shares Of Face Value of ₹ 1 Each, for Subscription By Eligible Employees (The “Employee Reservation Portion “). The offer less than the employee reservation portion is hereinafter to as the “Net Offer”. A discount of ₹ 30 per Equity Share is being offered to eligible employees bidding in the employee reservation portion (“Employeee discount“).
The offer is being made in term of rule 19 (2) (B) of the Scrr Read With Regulation 31 of the Sebi ICDR Regulations. The offer is being made through the book built -in process in account with regulation 6 (2) of the Sebi ICDR Regulation 32 (2) of the Sebi Icdr Regulations, Not Less Than 75% Offer Shall be available for allocation on a proportionate basis to Qualified Institutional Buyers (“Qibs”, and such portion, the “Qib Portion”) provided that our company in consultation with the brlms, may Allocate up to 60% of the Qib Portion to anchor investors on a discretionary basis in account with the Sebi ICDR Regulations, of which at one-through, the shird would be available for all of Mutual funds, subject to valid bids began from domestic mutual funds at or above the anchor investment price.
In the event of under-sUBSCRIPTION or NON-OLOCATION IN THE ANCHOR INVESTOR PORTION, The Balance Equity Shares Shall Be Added to the Net Qib Portion.
Further, 5% of the net Qib portion shall be available for allocation on a proportionate basis only to mutual funds and the remainer of the net Qib Portion SHALL BE AVAILABLE FOR ALL ALL ALL ALL QIB Bidders (other than anchor investors) including mutual funds, subject to valid bids began at the offer’s price.
However, if the aggregate demand from mutual funds is less than 5% of the Qib portion, the balance equity shares available for all of the mutual fund portion will be added to the remaining Qib Portion For proportionate allocation to QIBS.
Further, not more than 15% of the Net Offer SHALL BE AVAILABLE FOR ALLCOVE TO NON-INSTITIONAL BIDDERS OUT OF WHICH (A) ONE-THIRD OF SUCH PORTION SHALL BE RESERVED FOR APPLICANTS WITH Application Size of More Than ₹ 200,000 and up to ₹ 1,000,000; And (b) Two-Third of Such Portion Shall Be Reserved for Applicants with More Than ₹ 1,000,000 provided that the unsubscribed portion in Either of Such sub-categories may be allocated to Applicants in the Other Sub-Category of Non-Institutional Bidders and Not More Than 10% of the Net Offer Shall Be Available for Allocation to Riis in Acccordance with the Sebi Icdr Regulations, Subject To Valid Bids Being received from them at or above the offer price.
All Potential Bidders (Exception Anchor Investors) are required to mandatorily utilise the application support by blocked amount (“Asba”) Process Details of their Response Bank Accounts (including upi id for upi bidders using upi mechanism) in which the bid amount will be blocked by the scansbs or the sponsor banks, as applicable, to part in the office. Anchor investors are not permitted to participate in the anchor investor portion of the offer through the asba process.
The equity shares of the company are proposed to be listed on bse limited (“BSE“) And the National Stock Exchange of India Limited (“NSE”) (The “Stock Exchanges“). Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited And Nomura Financial Advisory and Securities (India) Private Limited Are the book running lead managers (“Brlms“) To the offer.
Disclaimer: Ather energy limited is proposing, subjected to receipt of approvals, Market Conditions and other considers, to make an electial publicity shares and has filed the Rhp With Roc and the Stock Exchanges on April 22, 2025. The RHP Shall Be Available on the Website of Sebi at www.sebi.gov.inThe websites of the stock exchanges IE BSE and NSE AT www.bseindia.com And www.nseindia.comResponse, the website of the company at www.ATherenergy.com And on the websites of the book running leg managers (“brlms”), ie axis capital limited, hsbc securities and capital markets (India) private limited, jm financial limited and noma financial avvisory and Securities (India) Private Limited at www.axscapital.co.in, www.business.hsbc.co.in, www.jmfl.com And www.nomuraholdings.com/company/group/asia/india/index.htmlrespectively. Any Potential Investors Should Note That Investment in Equity Shares Involves A High Degree of Risk and for Details Relating to Such Risk, See ‘Risk Factors” Being on Page 43 of the Rhp.
Potential Investors Should Not Relely on the Rhp Filed With Sebi And The Stock Exchanges, And Should Instead Ray Their Company and The Offer, Including The Risks Involved, For Making Any Investment Decision.
This announcement does not constitute an offer of securities for sale in any jurisdication, including the united states, the equity shares have not been and will not be registered under the United States SECURITIES 1933, as amended (“us securities act” or any states securities laws in the united states, and unlike so registered, may not be offered or solid with the United States, Except Pursuant to Ann Exemption FROM Or in a translation requirement to, the registration requirements of the us securities Act and appetable us state securities. Accordingly, the equity shares are being offered and sold (a) in the United States solely to “Qualified Institute Buyers” (as defined in rule 144a under the us securities act) Registration Requirements of the us securities Act and (B) outside the United States in “Offshore translations” as defined in and in reliance on regulation s of the us securities act and the application Where such offers and sales are made.
