Ather Energy IPO Details
| IPO Open Date: | April 28, 2025 |
| IPO Close Date: | April 30, 2025 |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹304 to ₹321 |
| Issue Size: | ₹2,980.73 Crores |
| Fresh Issue: | Approx ₹2,626 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 ₹14,766 application amount. The retail investors can apply up-to 13 lots with 598 shares of ₹1,91,958 amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 46 | ₹14,766 |
| Retail Maximum | 13 | 598 | ₹1,91,958 |
| S-HNI Minimum | 14 | 644 | ₹2,06,724 |
| B-HNI Minimum | 68 | 3,128 | ₹10,04,088 |
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 ₹1,789.1 crores in 2024 against ₹1,801.8 crore in 2023. The company reported loss of ₹1,059.7 crores in 2024 against loss of ₹864.5 crores in 2023.
Amount ₹ in Crores
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹413.8 | ₹757.9 | ₹344.1 | ₹818.6 |
| 2023 | ₹1,801.8 | ₹2,666.3 | ₹864.5 | ₹1,976.8 |
| 2024 | ₹1,789.1 | ₹2,674.2 | ₹1,059.7 | ₹1,913.5 |
| December 2024 | ₹1,617.4 | ₹2,195.3 | ₹577.9 | ₹2,172 |
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): | –₹47 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | -194% |
| Net Asset Value (NAV): | ₹24 |
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.