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Ather Energy Ltd

Registered Office : 3rd Flr Towewr D IBC Knowledge,Park #4/1 Bannerghatta Main Rd,Bangalore Karnataka 560029 Phone : +91 80 6646 5750
Fax :

Email : cs@atherenergy.com

Website : www.atherenergy.com

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

Opens On

Closes On

28-Apr-2025

30-Apr-2025

Money Payable On

Application

Allotment

321.00

0.00

Minimum Application for shares in Nos : 46.0 Further Multiples of : 46.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

2,509.40

2,980.80

37.25

321.00

Axis Capital Ltd

HSBC Securities and Capital Markets (India) P Ltd

JM Finacial Ltd

Nomura Financial Advisory and Securities (India) P

Projects

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

Tarun Sanjay Mehta

Swapnil Babanlal Jain

Hero Motocorp Ltd

Listing At

Registrar to the Issue

MUFG Intime India Pvt Ltd