Ather Energy IPO Details
| IPO Open Date: | April 28, 2025 |
| IPO Close Date: | April 30, 2025 |
| Face Value: | ā¹1 Per Equity Share |
| IPO Price Band: | ā¹304 to ā¹321 |
| Issue Size: | ā¹2,980.73 Crores |
| Fresh Issue: | Approx ā¹2,626 Crores |
| Offer for Sale: | Approx 11,051,746 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |
Ather Energy IPO Market Lot
The Ather Energy IPO minimum market lot is 46 shares with ā¹14,766 application amount. The retail investors can apply up-to 13 lots with 598 shares of ā¹1,91,958 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 46 | ā¹14,766 |
| Retail Maximum | 13 | 598 | ā¹1,91,958 |
| S-HNI Minimum | 14 | 644 | ā¹2,06,724 |
| B-HNI Minimum | 68 | 3,128 | ā¹10,04,088 |
Ather Energy IPO Dates
The Ather Energy IPO date is 28 April and the close date is 30 April. The Ather Energy IPO allotment will be finalized on 2 May and the IPO listing on 6 May.
| IPO Open Date: | April 28, 2025 |
| IPO Close Date: | April 30, 2025 |
| Basis of Allotment: | May 2, 2025 |
| Refunds: | May 5, 2025 |
| Credit to Demat Account: | May 5, 2025 |
| IPO Listing Date: | May 6, 2025 |
Promoters of Ather Energy IPO
The promoters of the company are Tarun Sanjay Mehta, Swapnil Babanlal Jain And Hero Motocorp Limited.
About Ather Energy IPO
Ather Energy is a top player in India’s electric two-wheeler (E2W) market. The company creates electric scooters, battery packs, charging stations, and related software and accessories. It’s known for its innovation and leadership in electric mobility. It has a business of designing battery packs, charging infrastructure, associated software, and accessories. Ather is an all-electric vehicle company that designs all its products in India, showing its focus on local innovation and sustainability they have a focus on manufacturing battery packs and assembling E2Ws in-house and it ensures focus on quality and creativity. It is the first firm to sell two-wheeler (2W) OEM in India to establish a fast-charging network, branded as the Ather Grid and till now it has sold 1,09,577.
Ather Energy IPO Company Financial Report
The company reported revenue of ā¹1,789.1 crores in 2024 against ā¹1,801.8 crore in 2023. The company reported loss of ā¹1,059.7 crores in 2024 against loss of ā¹864.5 crores in 2023.
Amount ā¹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ā¹413.8 | ā¹757.9 | ā¹344.1 | ā¹818.6 |
| 2023 | ā¹1,801.8 | ā¹2,666.3 | ā¹864.5 | ā¹1,976.8 |
| 2024 | ā¹1,789.1 | ā¹2,674.2 | ā¹1,059.7 | ā¹1,913.5 |
| December 2024 | ā¹1,617.4 | ā¹2,195.3 | ā¹577.9 | ā¹2,172 |
Ather Energy IPO Valuation – FY2024
Check Ather Energy IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| KPI | Values |
| ROE: | –1.83% |
| ROCE: | -118.68% |
| EBITDA Margin: | -36% |
| PAT Margin: | -59% |
| Debt to equity ratio: | 0.88 |
| Earning Per Share (EPS): | –ā¹47 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | -194% |
| Net Asset Value (NAV): | ā¹24 |
Peer Group Comparison
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Hero MotoCorp Limited | 187 | 30 | 21% | 884 | 37,788.6 Cr. |
| Bajaj Auto Limited | 273 | 40 | 29% | 935 | 44,870.4 Cr. |
| Ola Electric Mobility Limited | (4) | NA | (78%) | 6 | 5,009.8 Cr. |
| TVS Motors Limited | 36 | 78 | 26% | 143 | 39,144.7 Cr. |
| Eicher Motors Limited | 146 | 33 | 22% | 657 | 16,535.8 Cr. |
Objects of the Issue
- Capital expenditure to be incurred by our Company for establishment of an E2W factory in Maharashtra, India;
- Repayment/ pre-payment, in full or part, of certain borrowings availed by our Company;
- Investment in research and development;
- Expenditure towards marketing initiatives; and
- General corporate purposes
Ather Energy IPO Review
- IPO Watch – May Apply
- Arihant Capital – Apply
- Bajaj Capital – May apply
- Capital Market – Neutral
- SMC Global – Neutral
- Ventura Securities – Apply
Ather Energy IPO Registrar
MUFG Intime India Private Limited
Phone: +91 81 0811 4949
E-mail: [email protected]
Website: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
IPO Lead Managers aka Merchant Bankers
- Axis Capital Limited
- HSBC Securities and Capital Markets (India) Private Limited
- JM Financial Limited
- Nomura Financial Advisory and Securities (India) Private Limited
Company Address
Ather Energy Limited
3rd Floor, Tower D, IBC Knowledge Park,
#4/1 Bannerghatta Main Road,
Bangalore 560 029,
Karnataka, India
Phone: +91 80 6646 5750
Email: [email protected]
Website: www.atherenergy.com
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Note: The Ather Energy IPO price band and date are officially announced. The (Ather Energy IPO grey market premium) will be added to the IPO GMP page as it will start).
One Response
Better to buy OLA instead of Ather. OLA have large number of products and soon it will be profitable.