Ather Energy Ltd - IPO

Ather Energy Ltd IPO Details

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.

Objective of issue

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.

Ather Energy Ltd Contact Details

Ather Energy Ltd, C-101 247 Park, L B S Marg, Vikhroli West, Mumbai-400083

Phone - 91-22-49186000

Fax - 91-22-49186060

Email - cs@atherenergy.com

Website - www.atherenergy.com