
Ather Energy
Mainboard₹14,766 / 46 Shares
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 Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
---|---|---|---|---|---|---|---|
Apr 28, 2025 - Apr 30, 2025 | 6 May, 2025 | ₹1 Per Equity Share | ₹304-321 per equity share | 46 Shares | 8,18,06,853 Shares | 1,10,51,746 shares of ₹1 | BSE, NSE |
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)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 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)
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 timesAther Energy IPO Financial Information
Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
---|---|---|---|---|---|---|
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 -₹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.
Ather Energy IPO - Issue Objectives
- 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
- General corporate purposes
Ather Energy
3 rd Floor, Tower D, IBC Knowledge Park, #4/1 Bannerghatta Main Road, Bangalore 560029, KarnatakaLink 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