Ather Energy Ltd

Initial public offering of [] 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 Rs. [] per equity share including a securities premium of Rs. [] per equity share (the Offer Price) aggregating to Rs. [] crores (the Offer). The offer comprises a fresh issue of [] equity shares of face value of Re. 1 by the company aggregating up to Rs. 3100.00 crores (the Fresh Issue) and an offer for sale of up to 22,000,766 equity shares of face value of Re. 1 each aggregating to Rs. [] crores comprising up to 1,000,000 equity shares of face value of Re. 1 each aggregating to Rs. [] crores by Tarun Sanjay Mehta, up to 1,000,000 equity shares of face value of Re. 1 each aggregating to Rs. [] crores by Swapnil Babanlal Jain (together the Promoter Selling Shareholders), up to 10,520,000 equity shares of face value of Re. 1 each aggregating to Rs. [] crores by Caladium Investment Pte Ltd, up to 4,616,519 equity shares of face value of Re. 1 aggregating to Rs. [] crores by National Invesment and Infrastructure Fund ii, up to 4,000,000 equity shares of face value of Re. 1 each aggregating to Rs. [] crores by Internet Fund iii Pte. Ltd., up to 480,000 equity shares of face value of Re. 1 each aggregating to Rs. [] crores by 3State Ventures Pte. Ltd., up to 310,495 equity shares of face value of Rs. 1 each aggregating to Rs. [] crores by iitm incubation cell, up to 41,910 equity shares of face value of Re. 1 each aggregating to Rs.[] crores by iitms rural technology and business incubator (together the Corporate Selling Shareholders), up to 18,531 equity shares of face value of Re. 1 each aggregating to Rs. [] crores by Amit Bhatia and up to 13,311 equity shares of face value of Re. 1 each aggregating to Rs. [] crores by Karandeep Singh (together the Individual Selling Shareholders, and together with the promoter selling shareholders and the corporate selling shareholders referred to as the Selling Shareholders). The offer includes a reservation of [] equity shares of face value of Re. 1 each, aggregating to Rs. [] 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) and a reservation of up to [] equity shares aggregating up to Rs. [] crores (constituting up to []% of the post-offer paid-up equity share capital) for subscription by eligible hmcl shareholders (Shareholder Reservation Portion). The offer less the employee reservation portion and the shareholder 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). The price band, employee discount, if any, and the minimum bid lot will be decided by the company.