Electric to Wheeler maker Ather Energy Limited has fixed the price band for its IPO at Rs 304-321 per share. The bid for this IPO can be installed between April 28 to April 30. According to PTI news, this IPO will be a combination of new issues of equity shares worth Rs 2,626 crore and selling of 1.1 million equity shares (OFS) by promoters and other shareholders.
Bid for big investors will open on April 25
According to the news, the company said on Wednesday that the bid for the anchor (big) investors will open for one day on 25 April. This will be the first public issue to be listed on BSE and NSE in the current financial year (2025-26). Ether in the intention is to establish an electric two -wheeler factory in Maharashtra and raise funds to reduce debt.
At the upper end of the price circle, the size of the IPO has been estimated at Rs 2,626 crore, causing the company’s total assessment to Rs 11,956 crore. In August last year, it will be the second electric two -wheeler company that is bringing IPO after an IPO of Rs 6,145 crore of Ola Electric Mobility.
A loss of ₹ 578 crore in nine months
According to the news, Bangalore -based company Ather Energy Limited recorded a loss of ₹ 578 crore in the nine months ended in December, which was ₹ 776 crore a year ago. The reason for this was an increase in the sales of its electric family scooter results to be launched in 2024.
When will the listing be
Allotment for Ather Energy IPO is expected to be finalized on Friday, May 2. The company will be listed on BSE, NSE and a possible listing date has been fixed on 6 May. Along with this, after the IPO of Ola Electric in 2024, Ather Energy will become the second pure Indian electric vehicle manufacturer to make public public.
Latest business news
