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Issue Open Date
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28-Apr-25
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Issue Closing Date
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30-Apr-25
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Application Money
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100
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Allotment Money
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Price Band
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304
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321
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Minimium Application No.
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46
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Issue Size (Shares)
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97443193
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Market Lot
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1
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Objective
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1. Capital expenditure to be incurred by our Company for establishment of an E2W factory in Maharashtra, India;2. Repayment/ pre-payment, in full or part, of certain borrowings availed by our Company;3. Investment in research and development;4. Expenditure towards marketing initiatives; and5. General corporate purposes.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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Qualified Institutional Buyers
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Retail Individual Investors
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Business Description
We are a pioneer in the Indian electric two-wheeler (“E2W”) market, according to the CRISIL Report. We designand develop E2Ws, battery packs, charging infrastructure, associated software and accessories, while wemanufacture our battery packs and assemble our E2Ws in-house. Our Company was founded by Tarun SanjayMehta and Swapnil Babanlal Jain in 2013, with a focus on product and technology development in India in orderto build an E2W ecosystem. We are a pure play EV company that designs all our products ground-up in India. Wesold 109,577 E2Ws in Fiscal Year 2024. According to the CRISIL Report, in Fiscal Year 2024, we were the thirdlargest player by volume of E2W sales.
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Promoter's Holding
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Total Share Capital
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158728716
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Offered to Public
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97443193
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Promoter's Holding (Pre-Issue)
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52.67
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Promoter's Holding (Post-Issue)
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Address |
3rd Floor
Tower D
I B C Knowledge Park # 4 / 1
Bannerghatta Main Road
Bengaluru,
Karnataka,
560029
Phone : 080-66465750
Email : cs@atherenergy.com
Website : www.atherenergy.com
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Registrar |
MUFG Intime India Pvt Ltd.
C 101
247 Park
LBS Marg
Vikhroli (West)
Mumbai
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Listed at |
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BSE, NSE
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Lead Manager |
Axis Capital Ltd.
HSBC Securities & Capital Markets (India) Pvt Ltd
JM Financial Ltd.
Nomura Financial Advisory & Securities (India) Pvt Ltd.
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Promoters |
Hero MotoCorp Ltd.
Swapnil Babanlal Jain
Tarun Sanjay Mehta
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