Ather Energy IPO Hits Markets on April 28: Must-Know Facts Before You Subscribe

After close to eight weeks of quiet IPO activity Dalal Street has regained its usual buzz. And this time, it’s electric. Tiger Global-backed Ather Energy begins its long-awaited public issue on April 28.

This mainboard IPO marks the first significant public offering since February and has captured attention beyond its electric vehicle lineage. Ather Energy IPO combines high-tech advancements with growing investor attention and ambitious business strategies which form seven major points to watch.

Ather Energy IPO dates: April 28 to April 30

The public subscription period for Ather Energy IPO begins on Monday April 28 and ends Wednesday April 30. The bidding process for anchor investors will occur on April 25 before the public subscription period begins.

Price band and lot size

This IPO sets its price band within Rs 304 to Rs 321 per share while maintaining a face value of Re 1 for each share. The minimum number of shares retail investors can bid for in this IPO is 46 shares with subsequent bids in multiples of this number. Investors must put down at least Rs 14,000 to Rs 15,000 for this investment based on the final price determination.

Investor allocation breakdown

The IPO by Ather follows typical book-built issuance regulations by earmarking 75% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for retail investors.

Fresh issue and offer for sale

The Ather Energy IPO includes two distinct parts. The company plans to release new shares valued at Rs 2,626 crore to support expansion efforts and develop new products and charging networks.

Allotment and listing timeline

The share allocation should complete by Friday, May 2 if timelines are met and refunds will start on Monday, May 5. Investors will receive their shares deposited into their demat accounts on the same day.