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Ather Energy Limited is set to launch its Rs 2,980.76 crore IPO, open for subscription from 28th to 30th April. The issue comprises a fresh issue of Rs 2,626 crore and an offer for sale worth Rs 354.76 crore. Shares will be listed on both BSE and NSE.
This is a book-building IPO, with a minimum investment of Rs 14,766 for retail investors. Small NIIs must apply with Rs 2,06,724 for 644 shares (14 lots), while large NIIs are required to invest Rs 10,04,088 for 3,128 shares (68 lots).
Bigshare Services Private Limited is the registrar. Axis Capital, HSBC Securities, JM Financial, and Nomura are the lead managers.
Ather Energy IPO GMP
Ather Energy IPO GMP today is Rs 0, as of 1st May, 2025 10:45 AM. The Ather IPO has a price band of Rs 321. The estimated listing price for Ather Energy IPO is Rs 321, reflecting a potential gain of 0% per share.
| Date | GMP | Expected Listing Price | Last Updated |
| 01-05-2025 | Rs 0 | Rs 321 | 10:45 AM |
| 30-04-2024 | Rs 1 | Rs 322 | 09:35 AM |
| 29-04-2025 | Rs 1 | Rs 322 | 09:30 AM |
| 28-04-2025 | Rs 1 | Rs 322 | 03:30 PM |
| 27-04-2025 | Rs 0 | Rs 321 | 09:30 AM |
| 26-04-2025 | Rs 3 | Rs 324 | 09:30 AM |
| 25-04-2025 | Rs 3 | Rs 324 | 02:25 PM |
| 24-04-2025 | Rs 6 | Rs 327 | 1:00 PM |
| 23-04-2025 | Rs 10 | Rs 331 | 11:30 PM |
| 22-04-2025 | Rs 17 | Rs 338 | 11:30 PM |
Ather Energy IPO Details
| Face Value | Rs 1 per Share |
| Lot Size | 46 Shares |
| Price Band | Rs 304 to Rs 321 |
| Listing At | BSE, NSE |
| Total Issue Size | 9,28,58,599 Shares (aggregating up to Rs 2,980.76 Cr) |
| Fresh Issue | 8,18,06,853 Shares (aggregating up to Rs 2,626 Cr) |
| Offer for Sale | 1,10,51,746 Shares (aggregating up to Rs 354.76 Cr) |
| Employee Discount | 30 |
| DRHP | Click Here |
| RHP | Click Here |
Ather Energy IPO Timeline
| Opening – Closing Dates | 28th April – 30th April |
| Cut-off Time for UPI Mandate Approval | 5 PM on 30th April |
| IPO Allotment | 2nd May |
| Amount Refund | 5th May |
| Credit of Shares | 5th May |
| Listing Date | 6th May |
Ather Energy IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 46 | Rs 14,766 |
| Retail (Max) | 13 | 598 | Rs 1,91,958 |
| S-HNI (Min) | 14 | 644 | Rs 2,06,724 |
| S-HNI (Max) | 67 | 3,082 | Rs 9,89,322 |
| B-HNI (Min) | 68 | 3,128 | Rs 10,04,088 |
Ather Energy Company Details
Ather Energy Limited was incorporated in 2013. It is an Indian electric two-wheeler (E2W) company involved in designing, developing, and assembling electric scooters, battery packs, charging infrastructure, and related software. The company operates as a vertically integrated EV manufacturer with a focus on technology and product development.
- Ather sold 107,983 electric two-wheelers in the nine months ended 31st December, 2024, and 109,577 units in the full Fiscal Year 2024.
- As of 31st December, 2024, the company had 265 experience centres and 233 service centres in India. In Nepal, it had five experience centres and four service centres, and in Sri Lanka, ten experience centres and one service centre.
- Its product ecosystem includes Ather Grid, a public fast-charging network for two-wheelers, and Atherstack, a proprietary software platform offering 64 connected features as of July 2024.
- Ather’s manufacturing facility is located in Hosur, Tamil Nadu. As of March 2024, it had an annual installed capacity of 4.2 lakh electric vehicles and 3.79 lakh battery packs.
- As of 28th February, 2025, the company held 303 registered trademarks, 201 registered designs, and 45 registered patents. It had also filed applications for 102 trademarks, 12 designs, and 303 patents globally.
- The company follows a strategy based on four pillars: in-house design and engineering, a software-defined product ecosystem, premium market positioning, and capital-efficient operations.
- As of 31st March, 2024, Ather Energy had 2,454 employees, including 1,458 on-roll and 996 off-roll staff.
Ather Energy Key Finances
| Period Ended | 31st Dec, 2024 | 31st Mar, 2024 |
| Assets (in Rs Cr.) | 2,172 | 1,913.5 |
| Revenue (in Rs Cr.) | 1,617.4 | 1,789.1 |
| Profit After Tax (in Rs Cr.) | -577.9 | -1,059.7 |
Financial Performance:
Revenue: The company generated Rs 1,617.4 crore in revenue during the period ended on 31st December, 2024.
Net Worth: The company’s net worth, which represents the total value of the company’s assets minus its liabilities, is Rs 108 crore.
Financial Position:
Assets: The company’s total assets amounted to Rs 2,172 crore as of December 2024. Assets have grown significantly, indicating potential expansion and investment.
Profit After Tax (PAT): The company reported a loss of Rs 577.9 crore in Profit After Tax (PAT) as of December 2024.
Ather Energy IPO FAQs
- What is the issue price band of the Ather Energy IPO?
The issue price band for the Ather Energy IPO is Rs 304 to Rs 321 per share.
- What is the issue size of the Ather Energy IPO?
The total issue size of the IPO is Rs 2,980.76 crore.
- What is the lot size for the Ather Energy IPO?
Each lot consists of 46 shares, with a minimum investment of Rs 14,766.
- What are the allotment and listing dates for the Ather Energy IPO?
The allotment is set for 2nd May, and the listing is scheduled for 6th May.
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