Electric two-wheeler maker Ather Energy on Wednesday announced a ₹2,981-crore Initial Public Offering (IPO).
The company has fixed a price band of ₹304 to ₹321 apiece, which will be offered in lots of 46 shares or multiples thereof.
The offer will comprise a fresh issue of ₹2,626 crore and an offer-for-sale (OFS) of ₹354 crore, assuming the shares are bought at the upper ceiling of the price band. The promoters plan to dilute 20% of their shares in the offer for sale, according to the prospectus. The company’s majority shares are owned by Hero MotoCorp , which has a stake of about 42%.
Bids for the IPO will open on April 25 for the anchor investors and will be open between April 28 and April 30 for retail investors.
Published – April 23, 2025 08:34 pm IST
