Ather Energy Approves Equity Issue Launch Sets Floor Price at ₹ 1,169.70 Per Share
Ather Energy Ltd has authorized the commencement of its equity issue, having approved the preliminary placement document and setting a floor price of ₹ 1,169.70 per Equity Share. The decision was ratified by the Board during a meeting held on July 15, 2026.The Board's approval paves the way for inviting bids for the subscription of Equity Shares. Key decisions made during the meeting included adopting the preliminary placement document and corresponding application form dated July 15, 2026, enabling the company to invite qualified institutional buyers (QIBs) for the issue. The launch of the Issue was also authorized on the same day.
The Board designated July 15, 2026, as the Relevant Date for determining the floor price of the Equity Shares in relation to the placement. Based on the prescribed pricing formula, the company approved the floor price at ₹ 1,169.70 per Equity Share.
The management noted that the Issue Price will be finalized through consultation with the appointed book running lead managers. Furthermore, the Board determined that the Company has the discretion to offer a discount of not more than 5% on the calculated floor price during the Issue.
The Preliminary Placement Document dated July 15, 2026, is scheduled for filing and has been made available on the company’s website.
In related operational updates regarding corporate conduct, Ather Energy confirmed that the Trading Window for Designated Persons and their immediate relatives remains closed, following a notification issued by the company on June 30, 2026.
ATHERENERG Stock Price Movement
On Wednesday, shares of Ather Energy Limited rallied, closing at ₹1296.4 after gaining 8.09%, with the stock trading strongly through its session. The performance highlighted a major milestone as the equity hit its 52-week high, reaching ₹1318.9, and establishing its intraday range between ₹1225 and ₹1318.9.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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