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Ather Energy Ltd
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cs@atherenergy.com Website:www.atherenergy.com
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Initial public offering of 9,28,67,945 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 to Rs. 2980.76 crores (the "Offer"). The offer comprises a fresh issue of 8,18,16,199 equity shares of face value of Re. 1 by the company aggregating up to Rs. 2626.30 crores (the "Fresh Issue") and an offer for sale of up to 11,051,746 equity shares of face value of Re. 1 each aggregating to Rs. 354.76 crores comprising up to 980,000 equity shares of face value of Re. 1 each aggregating to Rs. 31.46 crores by Tarun Sanjay Mehta, up to 980,000 equity shares of face value of Re. 1 each aggregating to Rs. 31.46 crores by Swapnil Babanlal Jain (together the "Promoter Selling Shareholders"), up to 6,003,460 equity shares of face value of Re. 1 each aggregating to Rs. 192.71 crores by Caladium Investment Pte Ltd, up to 2,634,514 equity shares of face value of Re. 1 aggregating to Rs. 84.57 crores by National Investment and Infrastructure Fund ii, up to 400,000 equity shares of face value of Re. 1 each aggregating to Rs. 12.84 crores by Internet Fund iii Pte. Ltd., up to 31,050 equity shares of face value of
Re. 1 each aggregating to Rs. 0.99 crores by iitm incubation cell, up to 4,191 equity shares of face value of Re. 1 each aggregating to Rs. 0.13 crores by iitms rural technology and business incubator (together the "Corporate Selling Shareholders") and up to 18,531 equity shares of face value of Re. 1 each aggregating to Rs. 0.59 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").
The offer includes a reservation of up to 100,000 equity shares of face value of Re. 1 each, aggregating to Rs. 3.21 crores (constituting up to [*]% 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 [*]% and [*]%, respectively, of the post-offer paid-up equity share capital of the company. The company may in consultation with the brlms, offer a discount of Rs. [*] on the offer price to eligible employees bidding in the employee reservation portion ("Employee Discount").
Price Band: Rs. 321 per equity share of the face value of Re. 1/-
each.
The cap price is 321 times of the face value of the equity shares.
Bids can be made for a minimum of 46 equity shares and in multiples of 46 equity shares thereafter.
A discount of Rs. 30 per equity share is being offered to eligible employees bidding in the employee reservation portion.
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Ather Energy Ltd
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Rs Cr |
Lead Managers to the Issue |
| 0.00 |
| HSBC Securities and Capital Markets (India) P Ltd |
| Nomura Financial Advisory and Securities (India) P |
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| 2980.76 |
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| 37.25 |
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| Rs.
321.00
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| Projects |
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Capital expenditure to be incurred by the company for establishment of an E2W factory in
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Repayment/pre-payment in full or part of certain borrowings availed by the company
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Investment in research and development
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Expenditure towards marketing initiatives
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General corporate purposes
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| Tarun Sanjay Mehta |
| Swapnil Babanlal Jain |
| Hero Motocorp Ltd |
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