Ather Energy Limited: Initial public offering to open on Monday, April 28, 2025

#AtherEnergyIPOon28April

·         Price Band fixed at ₹ 304 per equity share to ₹ 321 per equity share of the face value of ₹1 each (“Equity Shares”) of Ather Energy Limited (the “Company”)

Chandigarh: Ather Energy Limited (the “Company”) proposes to open an initial public offering (“Offer”) of its equity shares of face value of ₹1 each (“Equity Shares”) on Monday, April 28, 2025. The Anchor Investor Bidding Date is one Working Day prior to Bid/Offer Opening Date, being Friday, April 25, 2025. The Bid/ Offer Closing Date is Wednesday, April 30, 2025.

The Price Band of the Offer has been fixed from ₹ 304 per Equity Share to ₹ 321 per Equity Share. Bids can be made for a minimum of 46 Equity Shares and multiples of 46 Equity Shares thereafter.

The initial public offering comprises a Fresh Issue of Equity Shares aggregating up to ₹26,260 million (the “Fresh Issue”) and an Offer for Sale of up to 11,051,746 Equity Shares by the Selling Shareholders comprising up to 980,000 equity shares by Tarun Sanjay Mehta, up to 980,000 equity shares by Swapnil Babanlal Jain (together the “Promoter Selling Shareholders”), up to 6,003,460 equity shares by Caladium Investment Pte Ltd, up to 2,634,514 equity shares by National Investment and Infrastructure Fund II, up to 400,000 equity shares by Internet Fund III Pte. Ltd., up to 31,050 equity shares by IITM Incubation Cell, up to 4,191 equity shares by IITMS Rural Technology and Business Incubator (together the “Corporate Selling Shareholders”) and up to 18,531 equity shares by Amit Bhatia ( “Individual Selling Shareholder”)

The Offer includes a reservation of up to 100,000 Equity Shares of face value of ₹1 each, for subscription by Eligible Employees (the “Employee Reservation Portion”). The Offer less the Employee Reservation Portion is hereinafter referred to as the “Net Offer”. A discount of ₹ 30 per Equity Share is being offered to Eligible Employees bidding in the Employee Reservation Portion (“Employee Discount”).