The initial public offering of Indian electric two-wheeler maker firm – Ather Energy Ltd (AEL) – commenced on Monday, April 28, aiming to raise Rs 2,981.06 crore. The share sale window will conclude on April 30. On the second-day of the bidding process, the issue subscribed to 28 per cent. It comprises a fresh issue of Rs 2,626.30 crore and an offer for sale (OFS) of Rs 354.76 crore by existing shareholders.
What is price band of Ather Energy IPO?
The company has fixed the price band for the issue between Rs 304 and Rs 321 per equity share with a lot size of 46 shares.
Ather Energy IPO | Anchor Investors details
On Friday, April 28, ahead of the public offering, the E2W manufacturer secured Rs 1,340 crore from anchor investors, including Custody Bank of Japan, Franklin Templeton, and the Abu Dhabi Investment Authority.
Ather Energy IPO Subscription Status on Day 2 | Retail, employee portions fully booked, QIB has min interest
On the second day of the share sale process, the issue received a total subscription of 28 per cent, according to the BSE. The retail portion has been fully subscribed, while Non-Institutional Investors (NIIs/HNIs) subscribed to 0.27 per cent.
Meanwhile, the employee quota witnessed a 3.18 times subscription, the data showed. With minimal interest across all categories, Qualified Institutional Buyers (QIBs) have applied for 7,636 shares, accounting to zero per cent subscription.
Ather Energy IPO Subscription Status on Day 1
The issue has been subscribed 16 per cent on the first day of the bidding process, as per BSE data, with the retail portion booked at 63 per cent to 61,25,544 shares against 97,34,319 shares, non-institutional investors at 16 per cent to 23,08,326 shares against 1,46,01,478 reserved for them, and the employee quota nearly fully oversubscribed at 178 per cent to 1,77,744 sharesagainst 1,00,000 shares.
0% response from QIBs
Meanwhile, from the Qualified Institutional Buyers (QIBs) have applied bidding for 5,060 shares, accounting zero per cent response from the category.
ALSO READ | Should you subscribe to the Rs 2,981-crore issue? Here’s what analysts say
How would funds be utilised?
The company plans to utilise the proceeds to establish a new manufacturing plant in Maharashtra, invest in research and development, repay debts, and enhance marketing initiatives.
Here is a summary of the utilisation of funds:
- Capital expenditure to be incurred for establishment of E2W factory in Maharashtra – Rs 927.2 crore
- Repayment/pre-payment of borrowings availed by the company – Rs 40 crore
- Investment in R&D – Rs 750 crore
- Expenditure towards Marketing initiatives – Rs 300 crore
When will Ather Energy shares list on NSE/BSE?
Subscribers will be notified of their allotment on May 2, 2025. The Ather Energy stock will likely debut on May 6, 2025, on the BSE and NSE.
Anurag Dhole is a seasoned journalist and content writer with a passion for delivering timely, accurate, and engaging stories. With over 8 years of experience in digital media, she covers a wide range of topics—from breaking news and politics to business insights and cultural trends. Jane's writing style blends clarity with depth, aiming to inform and inspire readers in a fast-paced media landscape. When she’s not chasing stories, she’s likely reading investigative features or exploring local cafés for her next writing spot.
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
- ANURAG DHOLEhttps://indiatadkha.com/author/bitlancetechhubgmail-com/
