Ather Energy IPO

1.46x

subscribed

Ather Energy IPO

Automobile Two & Three Wheelers
closed
₹13,984Min. investment
  1. Pre-apply
    24 Apr
  2. Bid start
    28 Apr
  3. Bid end
    30 Apr
  4. Allotment
    2 May
  5. Release of funds
    5 May
  6. Demat transfer
    5 May
  7. Listing
    6 May

About Ather Energy

SectorAutomobile Two & Three Wheelers
Price range₹304 – ₹321
IPO type
Regular
Lot size46 shares
Issue size₹2,980Cr
Red Herring Prospectus
Read
Market Cap
₹11,955.66CrLower than sector avg
RevenueApr 2023 - Mar 2024
₹1,753.8CrLower than sector avg
Growth rate3Y CAGR
62.48%

Ather Energy IPO Overview

Ather Energy IPO Date

Ather Energy IPO will open for subscription on April 28, 2025, and the closing date for the IPO is April 30, 2025, according to the offer document filed by the company with SEBI. After this, investors are expected to be updated about the allotment status on Friday, May 2, 2025.

Investors who have been allotted shares can expect them to be credited to their demat account on May 5, 2025. The shares will be listed on the NSE and the BSE on Tuesday, May 6, 2025.

Ather Energy IPO Price Band

The IPO includes a fresh issue and an offer for sale of shares. The IPO price band has been set between ₹304 to ₹321 per share. Interested investors can choose a price within this band to apply for the IPO.

The IPO is a book-building issue of ₹2,980.7 crore, comprising a fresh issue of ₹2,626 crore and an offer for sale of ₹354.7 crore.

The Ather Energy IPO listing price will be determined on May 6, 2025. The listing price is the price at which a company’s shares debut on the stock exchanges.

Ather Energy IPO Lot Size

The Ather Energy IPO details have been declared. The minimum lot size for an application is 46 shares, and the investor would have to apply for a minimum of 1 lot. Meanwhile, the IPO issue size is approximately ₹2,980.7 crore.

Checklist

Quality analysis
Revenue growth
Company valuation
Earnings expansion
Risk analysis
Debt to Equity ratio
Promoter holdings
Shares pledged
The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

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Eicher Motors LtdEicher Motors Ltd
TVS Motor Company LtdTVS Motor Company Ltd
Revenue
Higher revenue means strong sales and good market demand
This IPO
₹1,753.8Cr
This sector
₹12,086.54Cr
Compare with companies
PAT
Higher PAT means strong profitability and efficient cost management
This IPO
-₹1,059.7Cr
This sector
₹1,500.35Cr
Compare with companies
Market cap
Higher market cap means strong confidence but may suggest overvaluation
This IPO
₹11,955.66Cr
This sector
₹71,768.01Cr
Compare with companies
D/E ratio
Lower ratio usually means fewer liabilities
This IPO
0.88
This sector
0.71
Compare with companies

Objectives

Capital expenditure
The company will use ₹927.2 Cr to establish an E2W (electric two-wheeler) factory in Maharashtra.
Investment in R&D
The company will invest ₹750 Cr in research and development.
Loan repayment
The company will use ₹40 Cr to repay/prepay certain outstanding borrowings.

Strength and Weakness

Strong market share

The company had a market share of 10.7% for the nine months ended December 31, 2024.

Patents and trademarks

As of February 28, 2025, globally, Ather has 303 registered trademarks, 201 registered designs and 45 registered patents, and pending applications for 12 designs, 102 trademarks and 303 patents.

Robust sales volumes

Ather Energy sold 109,577 E2Ws in FY24 and 107,983 units till Q3FY25, making it the fourth largest player in India by volume after Ola Electric Mobility, TVS Motor, and Bajaj Auto.

Ather Energy, founded in 2013, designs electric two-wheelers (E2Ws), battery packs, and software. It offers two product lines: Ather 450 (performance scooters) and Ather Rizta (family scooters). The company focuses on quality, user experience, and a fast charging network (Ather Grid). In FY24, Ather sold 109,577 E2Ws, holding an 11.5% market share. It plans to expand production capacity to 1.42 million units. Ather's IPO includes a fresh issue of ₹3,100 crore and an offer for sale of 2.2 crore shares.

IPO Subscription Status

Date
QIB
NII
Retail
Total
28-Apr-25
0.0 times (X)
0.17 times (X)
0.7 times (X)
0.17 times (X)
29-Apr-25
0.0X
0.28X
1.21X
0.3X
30-Apr-25
1.76X
0.57X
1.9X
1.46X

Latest News on IPO

news logo
Ather Energy, an electric two-wheeler maker, aims to increase its market share by entering the family scooter segment, which accounts for 84% of the overall market. Currently, the company has a 9% market share in the sporty scooter segment, which is 14% of the overall market. Ather Energy plans to set up a new plant in Maharashtra and expand into motorcycle manufacturing in three years.
news logo
Ather Energy, an electric two-wheeler maker, has reduced its IPO size to Rs 2,626 crore from Rs 3,100 crore due to market volatility. The offer for sale is halved to 11 million shares. The IPO, opening April 28, will fund a Maharashtra plant, R&D, debt repayment, and marketing. Despite cautious investor sentiment, Ather reported a 28% revenue rise and 11.39% market share in FY25.
news logo
Ather Energy IPO is a mix of a fresh issuance of 8.18 crore equity shares worth ₹2,626 crore and an offer for sale (OFS) of ₹354.76 crore. The total issue size is ₹2,980.76 crore.

2 min read

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Ather Energy IPO: The electric two-wheeler manufacturer's ₹2,981.06 crore issue, with a price range of ₹304-₹321 apiece, will conclude on Wednesday, April 30.

2 min read

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The investors who participated in Ather Energy's IPO are now waiting for the allotment status to be finalised, which is scheduled for Friday, May 2.

2 min read

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Ather Energy IPO allotment status: The bid finalisation details are available on the websites of the National Stock Exchange (NSE), the BSE, and the registrar, MUFG Intime India Pvt Ltd (earlier Link Intime India).

3 min read

news logo
Ather Energy IPO Listing Date: The issue is a fresh issuance of shares valued at ₹2,626.3 crore as well as an offer for sale of ₹354.76 crore. The money raised will be utilised for setting up an electric two-wheeler plant in Maharashtra, research and development, marketing initiatives, debt clearance, and corporate general purposes.

2 min read

Frequently asked questions

How to invest in the IPO?

Investors can apply for the IPO through their Demat account via the stock exchange or through their broker.

What is the issue size of Ather Energy IPO ?

The issue size of the Ather Energy IPO is 2980 Cr.

What is 'pre-apply' for Ather Energy IPO ?

Pre-applying for an IPO allows you to submit your application before the official subscription period begins.

Which exchanges will Ather Energy IPO shares list on?

The IPO shares will typically list on major stock exchanges such as the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), as specified in the IPO prospectus.
Application closed