Ather Energy IPO (Ather Energy Limited IPO)
Ather Energy IPO open for bidding on 28th April 2025 and ends on 30th April 2025.
Ather Energy Limited is a pioneering electric two-wheeler manufacturer headquartered in Bangalore, India. Founded in 2013 by Tarun Sanjay Mehta and Swapnil Babanlal Jain, with Hero MotoCorp Limited as a strategic promoter, the company designs, develops, and sells high-performance, connected electric scooters.
Capitalizing on India’s shift toward sustainable mobility, Ather’s vertically integrated model spans in-house R&D, manufacturing at its Whitefield facility, and a proprietary fast-charging network, Ather Grid. The firm’s flagship products—Ather 450X and 450S—combine sporty performance with smart features such as touchscreen dashboards, over-the-air updates, and mobile app integration.
For more details, refer to Ather Energy IPO RHP and Ather Energy IPO Pulse Score
Ather Energy IPO Details
| IPO Date | 28th April 2025 to 30th April 2025 |
| Listing Date | [•] |
| Face Value | ₹1 per share |
| Price Band | ₹304 to ₹321 per share |
| Lot Size | 46 Shares |
| Total Issue Size | [•] shares (aggregating up to ₹2,980.76 Cr) |
| Fresh Issue | [•] shares (aggregating up to ₹2,626.00 Cr) |
| Offer for Sale | 1,10,51,746 shares of ₹1 (aggregating up to ₹354.76 Cr) |
| Employee Discount | ₹30 per Share |
| Issue Type | Book Built Issue IPO |
IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB | >75% |
| NII | <15% |
| bNII | 10% |
| sNII | 5% |
| Retail | <10% |
Ather Energy IPO Timeline
| IPO Open | 28th April 2025 |
| IPO Close | 30th April 2025 |
| Basis Of Allotment | 2nd May 2025 |
| Initiation of Refunds | 5th May 2025 |
| Credit of Shares to Demat | 5th May 2025 |
| Listing Date | 6th May 2025 |
Fundamentals
Data as of 31st December 2024
| Market Cap | ₹11,955.66 Cr | P/E Ratio- Pre IPO | -8.8 |
| RoNW* | -535% | P/E Ratio- Post IPO | -15.52 |
| RoCE* | – | P/B Ratio | 13.38 |
| Debt to Equity | 0.97 | PAT Margin | -36% |
Note: P/E Ratio -Pre IPO is calculated based on Pre-issue Shareholding and FY Earnings of March 2024. P/E Ratio- Post IPO is calculated based on post-issue shareholding and annualized FY earnings for December 2024. RoCE and RoNW are for a nine-month period ended December 31, 2024
Ather Energy IPO Objectives
The company proposes to utilize the Net Proceeds towards the funding of the following objects:
- Capital expenditure to be incurred by the Company for establishment of an E2W factory in Maharashtra, India;
- Repayment/ pre-payment, in full or part, of certain borrowings availed by the Company;
- Investment in research and development;
- Expenditure towards marketing initiatives; and
- General corporate purposes.
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