Ather Energy Ltd Back Registered Office: 3rd Flr Towewr D IBC Knowledge,Park #4/1 Bannerghatta Main Rd , Bangalore - 560029 , Karnataka , India. Phone : +91 80 6646 5750   Fax: Email :  cs@atherenergy.com   Website :  www.atherenergy.com 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 Rs321 per equity share including a securities premium of Rs320 per equity share (the "Offer Price") aggregating to Rs2980.76 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 Rs2626.30 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 Rs354.76 crores comprising up to 980,000 equity shares of face value of Re. 1 each aggregating to Rs31.46 crores by Tarun Sanjay Mehta, up to 980,000 equity shares of face value of Re. 1 each aggregating to Rs31.46 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 Rs192.71 crores by Caladium Investment Pte Ltd, up to 2,634,514 equity shares of face value of Re. 1 aggregating to Rs84.57 crores by National Investment and Infrastructure Fund ii, up to 400,000 equity shares of face value of Re. 1 each aggregating to Rs12.84 crores by Internet Fund iii Pte. Ltd., up to 31,050 equity shares of face value of Re. 1 each aggregating to Rs0.99 crores by iitm incubation cell, up to 4,191 equity shares of face value of Re. 1 each aggregating to Rs0.13 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 Rs0.59 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 Rs3.21 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: Rs321 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 Rs30 per equity share is being offered to eligible employees bidding in the employee reservation portion. Issue Money Payable On Opens On Closes On Application Allotment 28-Apr-25 30-Apr-25 Rs321.00-0.00 Rs0.00-0.00 Minimum Application for shares in Nos :46  Further Multiples of :46   Rs Cr Lead Managers to the Issue Project Cost 0.00 Axis Capital Ltd Project Financed through Current Offer 2980.76   Post Issue Equity Share Capital 37.25   Issue Price Rs321.00

Projects

Capital expenditure to be incurred by the company for establishment of an E2W factory in	Expenditure towards marketing initiatives
Repayment/pre-payment in full or part of certain borrowings availed by the company	General corporate purposes
Investment in research and development

Promoted By Tarun Sanjay Mehta Swapnil Babanlal Jain Hero Motocorp Ltd

Listing At BSE  NSE

Registrar to the Issue MUFG Intime India Pvt Ltd