Mumbai, April 23 -- Electric two-wheeler maker Ather Energy has set the price band for its initial public offering (IPO) at Rs 304 to Rs 321 per equity share. The IPO will open for public subscription on April 28 and close on April 30, with the anchor investor allocation scheduled for April 25.

Investors can bid for a minimum lot size of 46 equity shares, and in multiples thereof. The public issue comprises a fresh equity raise of Rs 2,626 crore, alongside an offer for sale (OFS) of 1.1 crore shares. Promoters Tarun Sanjay and Swapnil Babanla, along with other institutional shareholders, will divest part of their stakes through the OFS.

Ather Energy plans to deploy the IPO proceeds toward a range of strategic goals-including establishin...