desk
Share
News Topical, Digital Desk : Ather Energy shares have been listed in the stock market today i.e. 6 May 2025. The company's shares have been listed today on both the exchanges - National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). The company had fixed the issue price for this IPO at Rs 321 per share. In comparison, Ather Energy shares were listed at a slight premium.
On NSE, this stock was listed at a price of Rs 328 per share with a premium of Rs 7 i.e. 2.1%. At the same time, this listing was listed on BSE at a price of Rs 326 per share. In this way, this stock was listed at a flat level as compared to the issue price. After Ola Electric, this is the second electronic scooter company to be listed in the stock market. Ola had raised Rs 6145 crore through IPO.
This IPO was open for subscription of retail investors from 28 April to 30 April. For this, the price band was fixed at ₹ 304-321 per share. This EV manufacturing company, with investment by Hero MotoCorp, has raised ₹ 2,981 crore from share sale through fresh issue and OFS. The Tiger Global funded company had reduced the size of its IPO. Earlier, ₹ 3,100 crore was to be raised through this issue.
Other details of Ather Energy IPO The IPO includes the sale of 8.18 crore new shares worth ₹2,626 crore. Apart from this, 1.1 crore shares have been sold through OFS. The total issue size is around ₹2,981 crore. Under the OFS, promoters Tarun Sanjay and Swapnil Babanla, along with other corporate shareholders, will sell part of their stake. Where will the funds be used:- Ather Energy will use the IPO proceeds to fund its new factory in the western state of Maharashtra, research and development, debt repayment, marketing and general corporate purposes.
How much was raised from anchor investors? Ather Energy has received ₹1,340 crore from anchor investors for the IPO. The shares were allotted at ₹321 per share. A total of 4.18 crore equity shares were allotted to 36 anchor investors, including names like SBI, Abu Dhabi Investment Authority (ADIA), Invesco, Franklin Templeton, ICICI Prudential, Morgan Stanley and Societe Generale.
--Advertisement--
