Ather Energy IPO opens for subscription: From price band to lot size, 10 key points to consider

Ather Energy IPO: The IPO drought has ended as electric two-wheeler maker Ather Energy's initial public offering opened for public subscription on Monday, April 28.

Notably, this is the first mainboard issue of the current financial year (2025–26) and the first since February 14.

Ather Energy IPO: 10 key things to know

• Ather Energy IPO subscription period: The initial share sale hit the primary market on Monday, April 28. It will conclude on Wednesday, April 30.
• Anchor investor bidding details: The company mobilised ₹1,340 crore from anchor investors on Friday, April 25.
• IPO offer structure: It is a mix of a fresh issue 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.
• Objectives: The money raised will be used for capital expenditure towards setting up an electric two-wheeler factory in Maharashtra, debt repayment, investment in research and development, marketing initiatives, and general corporate purposes.
• Ather Energy IPO price band: The price range has been fixed at ₹304 to ₹321 per share.
• Reservation: The company has set aside 75% of the offer for qualified institutional buyers, 10% for retail investors, and 15% for non-institutional investors.
• Ather Energy IPO lot size: Investors can apply for at least one lot, consisting of 46 shares, needing a minimum investment of ₹13,984.
• Book-running lead manager and registrar: Axis Capital, JM Financial, Nomura Financial Advisory and Securities (India), and HSBC Securities & Capital Markets are the IPO's book-running lead managers, while MUFG Intime India is the registrar.
• Ather Energy IPO allotment date: The basis of allotment will be finalised on May 2.
• Listing date: The listing on the NSE and the BSE will take place on May 6.

Ather Energy is a pure-play electric vehicle company that sells electric two-wheelers and related products, such as software, infrastructure, and accessories.

This is the second electric two-wheeler to go public after Bhavish Aggarwal-led Ola Electric Mobility Ltd floated its ₹6,145-crore IPO in August 2024.