The OPI will be a combination of new capital shares for ₹ 2,626 million rupees, and a sacrifice sale of 1.1 million capital shares by promoters and other shareholders. | Photo credit: Francis Mascarenhas
The two -wheeled electrical manufacturer ATher Energy Ltd said Wednesday that he has set a price band of ₹ 304 to ₹ 321 per piece for its initial public offer (IPO) of ₹ 2,981 million rupees.
The problem will be open for public subscription from April 28 to April 30.
The offer for anchor investors will open for one day on April 25, the company announced. This will be the first public plaque theme of the current financial year (2025-26).
The OPI will be a combination of new capital shares problems worth ₹ 2,626 million rupees, and a sacrifice for sale (OFS) or 1.1 million capital shares by promoters and other shareholders.
Ather intends to raise funds for the establishment of a two -wheeled electric factory in Maharashtra and for debt reduction. At the upper end of the price band, the OPI size is set at ₹ 2,981 million rupees, which places the general valuation of the company in ₹ 11,956 million rupees.
This will be the second two -wheeled company that seeks to make public after Ola Electric Mobility floated its IPO of ₹ 6,145 million rupees in August last year.
The OLA Electric OPI had a new problem of up to ₹ 5,500 million rupees and an ORS or up to 8.5 million capital shares.
In addition to his OPI plans, Ather Energy has also expanded its research and development capabilities. Recently, the company announced the expansion of its R&D capabilities and tests at its product testing and validation center.
The two -wheeled company has reserved 75 percent of the problem for qualified institutional buyers, 15 percent for non -institutional investors and the remaining 10 percent for retail investors.
Axis Capital, JM Financial, Nomura Financial Advisory and Securities (India), and HSBC Securities & Capital Markets are the main managers of OPI’s books. The company’s capital shares are expected to list on May 6 in the stock exchanges.
Posted on April 23, 2025