Ather Energy IPO Listing Date: Key things to know before debut on NSE and BSE

Ather Energy IPO: Subscription

The initial share sale, with a price band of ₹304 to ₹321 per share, received bids for 7,65,44,046 equity shares against 5,33,63,160 shares on offer, reflecting a total subscription of 1.43 times.

Ather Energy IPO: Objectives

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.

Ather Energy IPO: Listing date and time

The listing of Ather Energy shares on the National Stock Exchange (NSE) and the BSE will take place on Tuesday, May 6, at 10 am.

Ather Energy IPO: Financials

In the financial year 2023-24 (FY24), the company posted a 3.2% declined in its revenue from operations to ₹1,913.5 crore, as against ₹1,976.8 crore in the previous fiscal year.

The company's net loss was ₹1,059.70 crore in FY24, compared to ₹864.5 crore net loss in FY23.

For the nine months ended December 2024, the net loss and revenue stood at ₹577.90 crore and ₹1,617.4 crore, respectively.

Ather Energy makes electric two-wheeler, charging infrastructure, battery packs and supporting software systems.