Ather Energy IPO: The IPO subscription of electric two-wheeler manufacturer Ather Energy is going to start from today and it will close on April 30, in which the closing price of the IPO has been kept at Rs 304 to Rs 321 per share. Let’s know in detail.
Ather Energy IPO: Ather Energy is the largest electric two-wheeler manufacturing company which is going to be listed in the stock market from 28 April 2025, for which subscription can be made from 28 April and it will remain open for subscription till 30 April. The price band of its IPO has been kept at Rs 304 to Rs 321 per share in which the lot size has been kept at 46 shares.
What will be the lot size and price band?
If we talk about the price band of Ather Energy IPO, then its price has been kept at Rs 304 to Rs 321 per share, while there will be 46 shares in one lot, retail investors can bid from Rs 14766 and retail investors can apply for up to 13 lots or 598 shares.
When will it open?
The opening date of Ather Energy IPO is 28 April 2025 and the closing date of the issue is 30 April 2025. Meanwhile, investors can bid in it with a minimum amount of Rs 14766, while its shares can be listed on BSE and NSE on Tuesday, May 6, 2025.
How will Ather Energy use the money
Ather Energy IPO will use the money received from this IPO to increase the production capacity of its two wheeler vehicle, after which the company will be able to produce 14.02 lakh units, apart from this, this fund will be used to set up a new factory in Maharashtra and for research and development and repayment and prepayment of loans.
Apart from this, the company will use this fund to repay its old loans and to meet marketing and general corporate expenses. The IPO will be allotted on 2 May 2025 and the money of the investors who will not receive the IPO will be refunded by 5 May, while it will be listed in the stock market on 6 May.
What is the issue structure of Ather Energy?
In the issue structure of Ather Energy IPO, 75% of the IPO is reserved for qualified institutional buyers, whereas 10% is reserved for retail investors and the remaining 15% is reserved for institutional investors.
Business Overview of Ather Energy
Long before bringing Ather Energy IPO, Ather Energy Limited Company was started in 2013. It is a leading electric vehicle manufacturer that manufactures battery packs, charging infrastructure, supporting software systems. As of 31 December 2024, Ather has sold 1,07,983 units, while if we talk about the full year 2024, Ather Energy has 265 experience centers and 233 service centers active from 31 December 2024 till now.
