Ather Energy IPO
Ather Energy is all set to open its initial public offering (IPO) from April 28 to April 30, 2025. The company aims to raise funds by offering equity shares at a price band of ₹304 to ₹321 per share, with each share having a face value of ₹1. This move marks a significant milestone for the electric vehicle manufacturer as it gears up to tap into the capital markets to fuel its growth.
The total size of the IPO consists of 9,28,58,599 shares, which is expected to generate around ₹2,980.76 crore. This public issue includes a fresh issuance of 8,18,06,853 shares, likely to fetch ₹2,626 crore, providing the company with new capital to expand operations and fund future projects. Additionally, the IPO includes an Offer for Sale (OFS), through which existing shareholders plan to offload 1,10,51,746 shares, accounting for approximately ₹354.76 crore.
Retail investors can participate by bidding in a lot size of 46 shares. A special incentive has been extended to employees, who are eligible for a discount of ₹30 per share, making the offer more appealing for internal stakeholders. The IPO will follow the book-building process, which helps determine the final issue price based on investor demand.
Before the IPO, Ather Energy’s total outstanding equity stood at 29,06,43,469 shares. After the completion of the offering, this number will rise to 37,24,50,322 shares, reflecting the expanded equity base as a result of the fresh issue.
The shares will be listed on both the BSE and NSE, though the exact listing date is yet to be announced. With growing interest in the electric mobility sector, Ather Energy’s IPO is expected to generate considerable buzz among retail and institutional investors alike.
Sure! Here’s a uniquely worded version of the Ather Energy IPO timeline, crafted in a more engaging and informative style while keeping the structure professional and investor-friendly:
Ather Energy IPO: Key Dates and Investor Timeline
Ather Energy, a leading name in the electric vehicle sector, is gearing up for its much-anticipated IPO. The public issue will be open for subscription from Monday, April 28, 2025, and will remain open till Wednesday, April 30, 2025. This short window gives investors a three-day opportunity to place their bids for a stake in one of India’s most promising EV startups.
The provisional allotment of shares is expected to be finalized by Friday, May 2, 2025. For those applicants who do not receive any shares, the refund process will commence on Monday, May 5, 2025. On the same day, investors who are allotted shares can expect them to be credited to their demat accounts, enabling seamless trading post-listing.
Ather Energy aims to debut on the stock exchanges with a tentative listing date of Tuesday, May 6, 2025. To ensure a valid application, investors opting for UPI as a payment mode must authorize the mandate by 5 PM on April 30, 2025. Delayed approvals may lead to rejections, so it’s crucial to act promptly.
Ather Energy IPO Schedule Snapshot
| Event | Date |
|---|---|
| Opening of IPO Window | Monday, April 28, 2025 |
| Closing of IPO Window | Wednesday, April 30, 2025 |
| Provisional Allotment of Shares | Friday, May 2, 2025 |
| Refunds Initiation for Non-Allottees | Monday, May 5, 2025 |
| Shares Credited to Demat Accounts | Monday, May 5, 2025 |
| Tentative Market Listing | Tuesday, May 6, 2025 |
| UPI Mandate Authorization Deadline | 5:00 PM, April 30, 2025 |
About Ather Energy
Founded in 2013, Ather Energy is a homegrown pioneer in the electric two-wheeler space, known for designing and assembling smart electric scooters in India. The company takes a vertically integrated approach, managing everything from battery packs to charging infrastructure and proprietary software systems in-house.
With over 100,000 E2Ws sold in FY24, Ather has built a strong presence through 265 experience centres and 233 service hubs across India, and operations in Nepal and Sri Lanka. Its ecosystem includes Ather Grid, a fast-charging network, and Atherstack, a smart software platform offering 64 connected features.
Manufacturing takes place in its Tamil Nadu facility with the capacity to produce over 4 lakh vehicles annually. Ather also holds hundreds of patents, trademarks, and design registrations, reflecting its tech-first mindset. The company employs more than 2,400 people and operates on four strategic pillars: innovation, ecosystem-led growth, premium branding, and capital efficiency.
(figures in ₹ Crore):
Ather Energy IPO – Financial Summary (Restated)
| Particulars | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 2,172.0 | 1,913.5 | 1,976.8 | 818.6 |
| Revenue | 1,617.4 | 1,789.1 | 1,801.8 | 413.8 |
| Profit After Tax | -577.9 | -1,059.7 | -864.5 | -344.1 |
| Net Worth | 108.0 | 545.9 | 613.7 | 224.9 |
| Reserves & Surplus | 3,346.6 | 545.1 | 613.1 | 224.2 |
| Total Borrowing | 1,121.6 | 314.9 | 485.2 | 298.4 |
Ather Energy IPO Reservation
Ather Energy’s IPO share allocation is structured to favor institutional investors, with Qualified Institutional Buyers (QIBs) set to receive no less than 75% of the net offer. Meanwhile, Non-Institutional Investors (NIIs), including high-net-worth individuals, can access up to 15% of the offer. Retail investors are allotted a relatively smaller share, capped at 10% of the net offer. This distribution indicates a strong focus on attracting large, stable investors while still offering opportunities for individual participation.
Ather Energy IPO Lot Size
The lot size for Ather Energy’s IPO allows investors to bid in multiples of 46 shares, with the minimum investment for retail participants set at ₹14,766 for one lot. Retail investors can apply for up to 13 lots, totaling 598 shares and ₹1,91,958. For High Net-Worth Individuals (HNIs), the Small HNI (S-HNI) category starts at 14 lots (₹2,06,724), scaling up to 67 lots (₹9,89,322). B-HNIs must apply for at least 68 lots, translating to 3,128 shares and an investment of ₹10,04,088 or more.
Read More: IEX Dividend: Announces Final Dividend of ₹1.50 Per Share on Back of Strong FY25 Earnings
Ather Energy Promoters
Ather Energy’s promoters include Tarun Sanjay Mehta, Swapnil Babanlal Jain, and HMCL. Prior to the IPO, these promoters held a combined stake of 52.67% in the company. Following the public issue, their collective shareholding will be reduced to 42.09%, reflecting the dilution resulting from the new equity issuance to public investors.
Ather Energy IPO objectives
Ather Energy has outlined the utilization of net proceeds from its Initial Public Offering (IPO) for the following key objectives:
- Capital Expenditure:
The company plans to allocate ₹9,272 million towards establishing an electric two-wheeler (E2W) manufacturing facility in Maharashtra, India. - Debt Repayment:
An amount of ₹400 million is earmarked for the repayment or prepayment, either in full or in part, of certain borrowings availed by the company. - Research and Development:
₹7,500 million will be invested in R&D to drive innovation and product development. - Marketing Initiatives:
₹3,000 million is planned for marketing efforts to strengthen brand presence and customer outreach.
These strategic investments aim to enhance Ather Energy’s manufacturing capabilities, financial health, technological advancement, and market positioning.
Ather Energy IPO registrar
Ather Energy has appointed Link Intime India Private Ltd as the official registrar for its IPO. Renowned for its reliable and efficient investor services, Link Intime will handle all application-related queries, allotment processes, and refund procedures for the IPO. Investors can reach out to the registrar via phone at +91-22-4918 6270 or email at atherenergy.ipo@linkintime.co.in. For more details and to track application status, the registrar’s dedicated IPO services can be accessed through their website: https://linkintime.co.in/Initial_Offer/public-issues.html.
Ather Energy IPO Important Details
| Category | Details |
|---|---|
| Ather Energy IPO Dates | April 28 – April 30, 2025 |
| Ather Energy IPO Price Band | ₹304 – ₹321 per share |
| Face Value | ₹1 per share |
| Lot Size | 46 shares |
| Ather Energy IPO Issue Size | ₹2,980.76 crore (9.28 crore shares) |
| Ather Energy IPO Fresh Issue | ₹2,626 crore (8.18 crore shares) |
| Offer for Sale (OFS) | ₹354.76 crore (1.10 crore shares) |
| Employee Discount | ₹30 per share |
| Listing Exchanges | BSE and NSE |
| Tentative Listing Date | May 6, 2025 |
| Promoters’ Pre-IPO Stake | 52.67% |
| Promoters’ Post-IPO Stake | 42.09% |
| Use of Proceeds | New plant, debt repayment, R&D, marketing |
| IPO Registrar | Link Intime India Pvt. Ltd. |
| Documents | DRHP RHP |
Disclaimer: This content is about intended solely for educational and informational purposes and should not be interpreted as financial or investment advice. The information presented is derived from publicly available sources and independent analysis; however, its accuracy or completeness is not guaranteed. Readers are encouraged to conduct their own due diligence and seek guidance from a professional financial advisor before making any investment decisions. Neither the author nor stoxmail.com assumes responsibility for any financial losses or investment actions taken based on this article.