Ather Energy’s indicative QIP launch price range is ₹1,200-₹1,220 per share, representing a 5.9%-7.4% discount to the last closing price. The equity dilution from the issue is expected to be 2.76% of the post-issue equity share capital.
The company plans to utilise the proceeds from the QIP towards debt repayment, research and development (R&D) activities and marketing initiatives.
The board approved and adopted the preliminary placement document and the accompanying application form to be sent to eligible qualified institutional buyers for subscribing to equity shares under the issue. It also approved the opening of the QIP on July 15, 2026.
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The company said the floor price of ₹1,169.70 per equity share has been determined in accordance with the pricing formula prescribed under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations. The board fixed July 15, 2026, as the relevant date for determining the floor price.
Ather Energy said it may, at its discretion and pursuant to shareholder approval received through a special resolution passed on July 14, 2026, offer a discount of up to 5% on the floor price. The final issue price will be determined by the company in consultation with the book-running lead managers.
The launch of the QIP follows the board’s approval granted on June 12, 2026, and the approval of shareholders through a postal ballot on July 14, 2026. The company said it will file the preliminary placement document with the stock exchanges and make it available on its investor relations website.
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This comes after Ather Energy Ltd earlier today said its board had approved raising of ₹1,200 crore from existing investors, including Hero MotoCorp and India-Japan Fund.
The board at its meeting held on Wednesday approved the raising of funds aggregating up to ₹1,200 crore through the issuance of equity shares to India-Japan Fund, and warrants to Hero MotoCorp Ltd, and Ather promoters Tarun Sanjay Mehta and Swapnil Babanlal Jain.
Under the fund-raising programme, the company will mobilise ₹960 crore from Hero MotoCorp, classified as a promoter, through the issuance of 76,19,047 warrants, each convertible into 1 equity share having a face value of Re 1 each at an issue price of ₹1,260 per warrant, the company said.
Post the preferential issue, Hero MotoCorp’s holding in Ather Energy will increase to 30.68% from 29.48%, it added.
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As part of the fund raise, 16,26,016 fully paid-up equity shares having a face value of Re 1 each at an issue price of ₹1,230 each, including a premium of ₹1,229 each, will be issued to India-Japan Fund, in which the Government of India and Japan Bank of International Cooperation are anchor investors, totalling nearly ₹200 crore.
Shares of Ather Energy Ltd ended at ₹1,298.00, up by ₹95.05, or 7.90%, on the BSE.
