Ather Energy IPO Details Today : Ather Energy IPO GMP Price (IPO) is Open on 28 April 2025 and Close on 30 April 2025. Ather Energy IPO to Raise 9,28,67,945 shares (Approx ₹2,981.06 Cr) via IPO. The Fresh issue of 8,18,16,199 shares (Approx ₹2,626.30 Cr) and the offer for sale is 1,10,51,746 shares of ₹1 (Approx ₹354.76 Cr).
About Ather Energy Ltd-
Ather Energy are a pure play EV company that sells E2Ws and the associated product ecosystem, comprised of our software, charging infrastructure and smart accessories, all of which are conceptualised and designed by us in India.
Other than battery packs which are manufactured in-house and portable chargers and motors which are designed and manufactured by our suppliers, other key E2W components, such as motor controllers, transmissions, vehicle control units, dashboards, DC-DC converters, harnesses, and chassis are designed in-house and outsourced to suppliers for manufacturing.
We build products with a focus on quality and user experience. Our products are positioned at a premium price in their respective segments We launched our first product, the Ather 450, in June 2018.
With the Ather 450, we introduced connected features through a 3G SIM card, touchscreen dashboard, aluminium chassis and cloud integration for the first time in the E2W industry in India.
We have a vertically integrated approach to the design of our products and key technologies. This integrated approach is applicable to both our hardware and software, and has enabled us to pioneer several EV technological advancements.
Through this approach towards design, we seek to establish new standards for performance, efficiency and user experience in the E2W market.
Ather Energy IPO Date & Price Band Details
| IPO Open Date | 28 April 2025 |
|---|---|
| IPO Close Date | 30 April 2025 |
| IPO Size | 9,28,67,945 shares (Approx ₹2,981.06 Cr) |
| Fresh Issue | 8,18,16,199 shares (Approx ₹2,626.30 Cr) |
| Offer For Sale | 1,10,51,746 shares of ₹1 (Approx ₹354.76 Cr) |
| Lot Size | 46 Shares |
| IPO Face Value | ₹1 Per Equity Share" |
| IPO Price Band | ₹304 to ₹321 Per Every Share |
| IPO Listing On | NSE & BSE |
| IPO Retail Quota | 10% |
| IPO QIB Quota | 75% |
| IPO NII Quota | 15% |
| DRHP Draft | Click here |
| Anchor Investor | Click here |
Ather Energy IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 46 | ₹14,766 |
| Retail Maximum | 13 | 598 | ₹1,91,958 |
| S-HNI Minimum | 14 | 644 | ₹2,06,724 |
| B-HNI Minimum | 68 | 3,128 | ₹10,04,088 |
Object Of the Issue
- Capital expenditure to be incurred by our Company for establishment of an E2W factory in Maharashtra, India.
- Repayment/ pre-payment, in full or part, of certain borrowings availed by our Company.
- Investment in research and development.
- Expenditure towards marketing initiatives; and5.General corporate purposes.
Ather Energy IPO Allotment & Listing Date (Details)
| IPO Open Date | 28 Apr 2025 |
|---|---|
| IPO Close Date | 30 Apr 2025 |
| Basis of Allotment | 2 May 2025 |
| Refunds | 5 May 2025 |
| Credit to Demat Account | 5 May 2025 |
| IPO Listing Date | 6 May 2025 |
Ather Energy Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| 2024 | ₹1,789.1 | ₹2,674.2 | ₹1,059.7 |
| 2023 | ₹1,801.8 | ₹2,666.3 | ₹864.5 |
| 2022 | ₹413.08 | ₹757.9 | ₹344.1 |
Our Company Promoter
- Tarun Sanjay Mehta
- Swapnil Babanlal Jain
- HMCL
Qualitative Factors
- Our ability to pioneer new technologies.
- Our E2Ws are positioned at a premium price in their respective segments in the E2W market.
- Vertically integrated approach to product design with strong in-house R&D capabilities.
- Software defined ecosystem that drives high customer engagement and drives margins.
- Established and scalable technology platform enabling accelerated product launches.
- Experienced management team and long-term investors committed to strong corporate governance standards.
Comparison of Accounting Ratios with Listed Peer Group Companies
- Hero MotoCorp Limited
- Bajaj Auto Limited
- Ola Electric Mobility Limited
- TVS Motors Limited
- Eicher Motors Limited
Ather Energy Company Contact Details
3rd Floor, Tower D, IBC Knowledge Park, #4/1 Bannerghatta Main Road,
Bangalore 560 029, Karnataka, India
Tel: +918066465750
Email: cs@atherenergy.com
Website: www.atherenergy.com
Ather Energy Lead Manager
- Axis Capital Limited
- HSBC Securities and Capital Markets (India) Private Limited
- JM Financial Limited
- Nomura Financial Advisory and Securities (India) Private Limited
Ather Energy IPO Registrar
MUFG Intime India Private Limited
C-101, 1stFloor, 247 ParkL.B.S. Marg, Vikhroli (West)
Mumbai 400 083Maharashtra, India
Tel: +91 810 811 4949
E-mail:atherenergy.ipo@linkintime.co.in
Investor grievance e-mail: atherenergy.ipo@linkintime.co.in
Website: www.in.mpms.mufg.com
