Ather Energy Completes Qualified Institutions Placement, Allocates Over 108 Million Shares at INR 1,202 Each
Ather Energy Limited has finalized the allocation of equity shares following the conclusion of its Fund Raise Committee meeting. The company confirmed the closure of the placement and determined the terms for the issuance to qualified institutional buyers (QIBs).The Board of Directors approved the outcomes of the Issue during a meeting held on July 20, 2026. Key decisions included declaring the closure of the offering following the receipt of applications and funds in the escrow account from eligible QIBs.
The company determined and approved the allocation of 1,08,15,307 Equity Shares of face value INR 1 each to qualified institutional buyers. The issue price was set at INR 1,202 per Equity Share, which includes a premium of INR 1,201 per Equity Share. This final issue price is higher than the floor price of INR 1,169.70 per Equity Share.
Details of the placement and allocation are summarized below:
| Parameter | Detail |
|---|---|
| Event | Qualified Institutions Placement (QIP) |
| Closure Date | July 20, 2026 |
| Total Shares Allocated | 1,08,15,307 Equity Shares |
| Face Value Per Share | INR 1 |
| Issue Price | INR 1,202 per Equity Share |
| Premium | INR 1,201 per Equity Share |
| Floor Price | INR 1,169.70 per Equity Share |
In addition to approving the allocation, the company also approved and adopted the placement document dated July 20, 2026. The management confirmed that a confirmation of allocation note will be sent to the eligible qualified institutional buyers regarding their allotment pursuant to the Issue.
ATHERENERG Stock Price Movement
Ather Energy Limited shares settled higher on Monday, closing at ₹1296.7, gaining 1.19% in the trading session. The advance came amidst a day where the stock touched its 52-week high and saw total traded volume of 5.28 million shares.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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