anubhai
Back Office| Ather Energy Ltd |
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| Registered Office: 3rd Flr Towewr D IBC Knowledge, Park #4/1 Bannerghatta Main Rd, Bangalore - 560029, Karnataka |
| Phone: 1 |
| Email: 1 |
| Website: 1 |
| Initial public offering of 92,867,945 equity shares of face value of Re. 1 each ("Equity Shares") of Ather Energy Limited (The "Company" or the "Issuer") for cash at a price of Rs. 321^ per equity share including a securities premium of Rs. 320^ per equity share (the "Offer Price") aggregating up to Rs. 2980.80 crores^ (the "Offer"). The offer comprises a fresh issue of 81,816,199 equity shares of face value of Re. 1 by the company aggregating to Rs. 2626.00 crores^ (the "Fresh Issue") and an offer for sale of 11,051,746 equity shares of face value of Re. 1 each aggregating up to Rs. 354.80 crores comprising of 980,000 equity shares of face value of Re. 1 each aggregating to Rs. 31.46 crores by Tarun Sanjay Mehta, 980,000 equity shares of face value of Re. 1 each aggregating to Rs. 31.46 crores by Swapnilbabanlal Jain (together the "Promoter Selling Shareholders"), 6,003,460 equity shares of face value of Re. 1 each aggregating to Rs. 192.71 crores by Caladium Investment Pte Ltd, 2,634,514 equity shares of face value of Re. 1 aggregating to Rs. 84.57 crores by National Investment and Infrastructure fund ii, 400,000 equity shares of face value of Re. 1 each aggregating to Rs. 12.84 crores by Internet Fund iii pte. ltd., 31,050 equity shares of face value of Re. 1 each aggregating to Rs. 1.00 crores by iitm incubation cell, 4,191 equity shares of face value of Re. 1 each aggregating to Rs. 0.14 crores by iitms ruraltechnology and business incubator (together the "Corporate Selling Shareholders") and 18,531 equity shares of face value of Re. 1 each aggregating to Rs.0. 60 crores by Amit Bhatia ("Individual Selling Shareholder", and together with the promoter selling shareholders and the corporate selling shareholders referred to as the "Selling Shareholders"). ^A Discount of Rs. 30 per equity share was offered to eligible employee bidding in the employee reservation portion. |
| Issue | Money Payable On | ||
|---|---|---|---|
| Opens On | Closes On | Application | Allotment |
| 28-Apr-2025 | 30-Apr-2025 | 321.00 - 0.00 | 0.00 - 0.00 |
| Cr. | Lead Managers to the Issue |
|---|---|
| Project Cost | 2,509.40 |
| Project Financed through Current Offer | 2,980.80 |
| Post Issue Equity Share Capital | 37.25 |
| Issue Price | 321.00 |
| Projects |
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| Capital expenditure to be incurred by the company for establishment of an E2W factory in |
| Repayment/pre-payment in full or part of certain borrowings availed by the company |
| Investment in research and development |
| Expenditure towards marketing initiatives |
| General corporate purposes |
| Promoted By |
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| Tarun Sanjay Mehta |
| Swapnil Babanlal Jain |
| Hero Motocorp Ltd |
| BSE |
| NSE |
| Registrar to the Issue |
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