Ather Energy

Ather Energy

Mainboard

₹14,766 / 46 Shares

Exp. Premium:3-5(0.93%)
Offer Date:Apr 28, 2025 - Apr 30, 2025
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IPO Details

Ather Energy IPO is priced between ₹304-321 per equity share, with a face value of ₹1 per share. The company's equity shares will be listed on the Mainboard, and MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) is managing the issue as the registrar.

The IPO bidding period opened on 28 Apr, 2025, and closed on 30 Apr, 2025. The allotment results will be announced on 2 May, 2025, with a tentative listing date set for 6 May, 2025.

The total issue comprises Total ₹2980.76 Cr :#Fresh Issue : 8,18,06,853 shares, amounting to ₹2626.00 Cr.

Ather Energy IPO Highlights

IPO DateListing DateFace ValuePrice BandLot SizeFresh IssueOffer for SaleListing At
Apr 28, 2025 - Apr 30, 20256 May, 2025₹1 Per Equity Share₹304-321 per equity share46 Shares8,18,06,853 Shares 1,10,51,746 shares of ₹1BSE, NSE

Ather Energy IPO Timeline

IPO Open Date
28 Apr, 2025
IPO Close Date
30 Apr, 2025
Basis of Allotment
2 May, 2025
Listing Date
6 May, 2025

Issue Price

₹304-321 per equity share

Face Value

₹1 Per Equity Share

Listing at Group

BSE, NSE

Registrar

MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)

Market Lot

Retail: 46 Shares (₹14,766/-)
S-HNI: 644 Shares (₹2,06,724/-)
B-HNI: 3,128 Shares (₹10,04,088/-)

Lead Manager

Axis Capital LimitedHSBC Securities and Capital Markets (India) Private LimitedJM Financial LimitedNomura Financial Advisory and Securities (India) Private Limited

Issue 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)

Retail Portion

10% (Number of Retail Applications: 2,01,669 Approx),(Number of S-HNI Applications : 7,202 Approx),(Number of B-HNI Applications : 14,405 Approx)

Subscription

N/A times

Ather Energy IPO Financial Information

Period EndedAssetsRevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31 Mar 241913.51789.1-1059.7545.9545.1314.9
31 Mar 231976.81801.8-864.5613.7613.1485.2
31 Mar 22818.6413.8-344.1224.9224.2298.4

All values are in ₹ Cr.

Ather Energy IPO Valuations

EPS PRE IPO

-₹36.46/-

EPS POST IPO

-₹20.69/-

PE PRE IPO

-8.80

PE POST IPO

-15.52

ROE

-

ROCE

-

DEBT EQUITY

-

RONW

-194%

PAT MARGIN

-

PRICE TO BOOK VALUE

13.38

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.

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Ather Energy IPO - Issue Objectives

  1. Capital expenditure to be incurred by our Company for establishment of an E2W factory in Maharashtra, India
  2. Repayment/ pre-payment, in full or part, of certain borrowings availed by our Company
  3. Investment in research and development
  4. Expenditure towards marketing initiatives
  5. General corporate purposes
Company Contact Details

Ather Energy

3 rd Floor, Tower D, IBC Knowledge Park, #4/1 Bannerghatta Main Road, Bangalore 560029, Karnataka

Phone: +91 80 6646 5750

Email: cs@atherenergy.com

Website: http://www.atherenergy.com/

Registrar Contact Details

Link Intime India Private Ltd