Ather Energy
Mainboard₹14,766 / 46 Shares
IPO Live Subscription Details
| Category | Subscription (Times) |
|---|---|
| Date | 30 Apr 2025,05:00:00 PM |
| QIBs | 1.70 |
| NII | Bids above ₹10L: 0.70 times Bids below ₹10L: 0.57 times NII Total: 0.66 |
| Retail | 1.78 times |
| Employee | 5.43 times |
| Total | 1.43 times |
Ather Energy IPO Details
The Ather Energy IPO price band is set between ₹304-321 per equity share, with a face value of ₹1 per share. The issue is managed by MUFG Intime India Private Limited (Formerly Link Intime India Private Limited), and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 28 Apr, 2025 and closes on 30 Apr, 2025. Investors can check the allotment status on 2 May, 2025, while the listing date is tentatively scheduled for 6 May, 2025.
The total issue size is Total ₹2980.76 Cr :#Fresh Issue : 8,18,06,853 shares, aggregating up to ₹2626.00 Cr. Stay tuned for the latest Ather Energy IPO review and GMP updates.
Ather Energy IPO Review, Rating & Analysis
Ather Energy IPO Review
NO REVIEWAther Energy IPO Rating
Ather Energy IPO Highlights
IPO Date
Apr 28, 2025 - Apr 30, 2025
Listing Date
6 May, 2025
Face Value
₹1 Per Equity Share
Price Band
₹304-321 per equity share
Lot Size
46 Shares
Fresh Issue
8,18,06,853 Shares
Offer for Sale
1,10,51,746 shares of ₹1
Listing At
BSE, NSE
Ather Energy IPO Lot Size
The minimum market lot for Ather Energy IPO is 46 shares with an application amount of ₹14,766. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 46 | ₹14,766 |
| Retail (Max) | 13 | 598 | ₹1,91,958 |
| S-HNI (Min) | 14 | 644 | ₹2,06,724 |
| S-HNI (Max) | 67 | 3082 | ₹9,89,322 |
| B-HNI (Min) | 68 | 3128 | ₹10,04,088 |
Ather Energy IPO Timeline
Issue Price
₹304-321 per equity shareFace Value
₹1 Per Equity ShareListing at Group
BSE, NSERegistrar
MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)Lead Manager
Axis Capital LimitedHSBC Securities and Capital Markets (India) Private LimitedJM Financial LimitedNomura Financial Advisory and Securities (India) Private LimitedIssue Size
Total ₹2980.76 Cr :#Fresh Issue : 8,18,06,853 shares(aggregating up to ₹2626.00 Cr) +
#OFS : 1,10,51,746 shares of ₹1(aggregating up to ₹354.76 Cr)
Ather Energy IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Dec 24 | 2172.00 | 1617.40 | -577.90 | 108.00 | 104.10 | 521.60 |
| 31 Mar 24 | 1913.5 | 1789.1 | -1059.7 | 545.9 | 545.1 | 314.9 |
| 31 Mar 23 | 1976.8 | 1801.8 | -864.5 | 613.7 | 613.1 | 485.2 |
| 31 Mar 22 | 818.6 | 413.8 | -344.1 | 224.9 | 224.2 | 298.4 |
All values are in ₹ Cr.
Ather Energy IPO Valuations
EPS Pre IPO
-₹47.00/-EPS Post IPO
-PE Pre IPO
-8.80PE Post IPO
-15.52ROE
-ROCE
-Debt Equity
-RoNW
-194%PAT Margin
-Price to Book Value
-Promoters & Share Holding
Promoter(s) Name
- Tarun Sanjay Mehta
- Swapnil Babanlal Jain
- HMCL
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 52.67% | 42.09% |
About Company
The 2013-founded Ather Energy Limited operates as India's foremost electric two-wheeler (E2W) company that specifically produces electric scooters and battery packs and charging infrastructure and supporting software systems originating from their domestic assembly plants. Ather advances itself as the first manufacturer of premium electric mobility in India through its role as a vertically integrated EV producer that focuses on product and technology development.
The consumer base continues to grow for Ather given its delivery of 107983 electric two-wheelers within nine months of December 2024 and 109577 E2Ws for the complete Fiscal Year 2024.
The company operates 269 experience centers and 237 service centers in India together with 5 experience centers and 4 service centers in Nepal as well as 10 experience centers and 1 service center in Sri Lanka at the end of December 2024.
Ather’s product ecosystem includes:
Ather Grid–a public fast-charging network specifically for electric two-wheelers
Atherstack represents the proprietary software platform that offered 64 connected features during July 2024 because the company highlights its mission for smart connected mobility solutions.
The Ather manufacturing base operates from its Tamil Nadu Hosur Factory and reports 420,000 electric vehicle production capacity alongside 379,800 battery pack capacity per year at March 2024.
Innovation functions as the fundamental strategic component at Ather.
Ather Energy operates based on four essential strategic components which form the foundation of its operations:
Vertically integrated design and engineering
software-defined product ecosystem
Premium market positioning
Capital-efficient operations
The company Ather Energy employed 2454 people with 1458 on-roll staff and 996 off-roll workers who worked toward sustainable urban mobility innovation.
Ather Energy IPO Subscription Details
| As on | QIB | NII bNII sNII | Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 2,78,30,383 | 1,39,15,192 92,76,795 46,38,397 | 92,76,795 | 5,11,22,370 |
Day 1 -28-04-25 05:00 PM | 0.00 x | 0.16 0.18 x 0.11 x | 0.63 x | 0.16 x |
Day 2 -29-04-25 05:00 PM | 0.00 x | 0.27 0.29 x 0.22 x | 1.12 x | 0.28 x |
Day 3 -30-04-25 05:00 PM | 1.70 x | 0.66 0.70 x 0.57 x | 1.77 x | 1.43 x |
Company Contact Details
Ather Energy
3 rd Floor, Tower D, IBC Knowledge Park, #4/1 Bannerghatta Main Road, Bangalore 560029, KarnatakaRegistrar Contact Details
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: atherenergy.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Frequently Asked Questions about Ather Energy IPO
When will Ather Energy IPO open for subscription?
The Ather Energy IPO opens on 28 Apr, 2025 and closes on 30 Apr, 2025.
What is the investors portion for Ather Energy IPO?
The investors' portion for QIB is 1.70 x, NII is 0.70 x, and Retail is 1.77 x.
How to apply for Ather Energy IPO?
You can apply for Ather Energy IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of Ather Energy IPO?
The issue size of Ather Energy IPO is approx ₹Total ₹2980.76 Cr :#Fresh Issue : 8,18,06,853 shares(aggregating up to ₹2626.00 Cr) +#OFS : 1,10,51,746 shares of ₹1(aggregating up to ₹354.76 Cr) crores.
What is the price band of Ather Energy IPO?
The price band for Ather Energy IPO is ₹304 to ₹321 per equity share.
What is the lot size of Ather Energy IPO?
The minimum bid (lot size) for Ather Energy IPO is N/A shares with an investment of approx ₹14,766 .
What is the allotment date of Ather Energy IPO?
The allotment date for Ather Energy IPO is 2 May, 2025.
What is the listing date of Ather Energy IPO?
The listing date for Ather Energy IPO is expected to be 6 May, 2025.
What is the GMP of Ather Energy IPO?
The latest Grey Market Premium (GMP) for Ather Energy IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.