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| Prospectus synopsis |
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Phone:+91 80 6646 5750 Fax:
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| Initial public offering of 92,867,945* equity shares of face value of
Re. 1 each ("Equity Shares") of Ather Energy Limited (The "Company" or the "Issuer") for cash at a price of Rs. 321^ per equity share including a securities premium of Rs. 320^ per equity share (the "Offer Price") aggregating up to Rs. 2980.80 crores*^ (the "Offer"). The offer comprises a fresh issue of 81,816,199* equity shares of face value of Re. 1 by the company aggregating to Rs. 2626.00 crores*^ (the "Fresh Issue") and an offer for sale of 11,051,746* equity shares of face value of Re. 1 each aggregating up to Rs. 354.80 crores* comprising of 980,000* equity shares of face value of Re. 1 each aggregating to Rs. 31.46 crores* by Tarun Sanjay Mehta, 980,000* equity shares of face value of Re. 1 each aggregating to
Rs. 31.46 crores* by Swapnilbabanlal Jain (together the "Promoter Selling Shareholders"), 6,003,460* equity shares of face value of Re. 1 each aggregating to Rs. 192.71 crores* by Caladium Investment Pte Ltd, 2,634,514* equity shares of face value of Re. 1 aggregating to Rs. 84.57 crores* by National Investment and Infrastructure fund ii, 400,000* equity shares of face value of Re. 1 each aggregating to Rs. 12.84 crores* by Internet Fund iii pte. ltd., 31,050* equity shares of face value of Re. 1 each aggregating to Rs. 1.00 crores* by iitm incubation cell, 4,191* equity shares of face value of Re. 1 each aggregating to Rs. 0.14 crores* by iitms ruraltechnology and business incubator (together the "Corporate Selling Shareholders") and 18,531* equity shares of face value of Re. 1 each aggregating to Rs.0. 60 crores* by Amit Bhatia ("Individual Selling Shareholder", and together with the promoter selling shareholders and the corporate selling shareholders referred to as the "Selling Shareholders").
*Subject to finalisation of basis of allotment
^A Discount of Rs. 30 per equity share was offered to eligible employee bidding in the employee reservation portion.
The offer included a reservation of up to 100,000* equity shares of face value of Re. 1 each, aggregating to Rs. 2.91 crores*^ (constituting 0.03% of the post offer paid-up equity share capital of the company, for subscription by eligible employees (the "Employee Reservation Portion"). The offer less the employee reservation portion is hereinafter referred to as the "Net Offer". The offer and the net offer shall constitute 24.93% and 24.91%, respectively, of the post-offer paid-up equity share capital of the company.
The company in consultation with the brlms, offered a discount of Rs. 30 on the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount").
*Subject to finalisation of basis of allotment
^A Discount of Rs. 30 per equity share was offered to eligible employee bidding in the employee reservation portion.
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| 28-Apr-25 |
30-Apr-25 |
Rs
321.00-0.00
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Rs
0.00-0.00
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| Minimum Application for shares in Nos :
46
Further Multiples of :
46
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| Project Cost |
2509.40 |
| Share India Capital Services Pvt Ltd |
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| Project Financed through Current Offer |
2980.80 |
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| Post Issue Equity Share Capital |
37.25 |
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| Issue Price |
Rs.321.00
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To meet the expenses for development of new products courses and new features in LMS and purchase of laptops
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To meet the working capital requirements
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General corporate purposes and unidentified acquisitions
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