Ather Energy IPO
ListedMainboardOpens 28 April 2025Closes 30 April 2025
Ather Energy Limited, started in 2013, is one of India’s top electric two-wheeler companies. It makes electric scooters, battery packs, charging stations, and the software that supports them — all from its own plants in…
Ather Energy Limited, started in 2013, is one of India’s top electric two-wheeler companies. It makes electric scooters, battery packs, charging stations, and the software that supports them — all from its own plants in India. Ather is known as the first brand to offer premium electric vehicles in the country, focusing on both product and technology. In Fiscal Year 2024, Ather delivered over 1.09 lakh electric scooters, with nearly 1.08 lakh sold in just the first nine months.
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Key ratios
As per RHP / filingsTimeline
IPO Opens
28 Apr
IPO Closes
30 Apr
Allotment
2 May
Listing
6 May
IPO Timeline & Listing Details
| Event | Date |
|---|---|
| IPO Open Date | 28 April 2025 |
| IPO Close Date | 30 April 2025 |
| Allotment Date | 2 May 2025 |
| Listing Date | 6 May 2025 |
Investment Categories
| Category | Lots | Amount |
|---|---|---|
Retail (Min) | 1 | ₹14,766 |
Retail (Max)Just less than ₹2,00,000 | 13 | ₹1,91,958 |
SHNI (Min)Just above ₹2,00,000 | 14 | ₹2,06,724 |
SHNI (Max)Below ₹10,00,000 | 67 | ₹9,89,322 |
BHNIAbove ₹10,00,000 | 68 | ₹10,04,088 |
IPO Objectives
- 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
- General Corporate Purposes.
Strengths
- Ather was among the first to launch smart electric scooters in India, gaining an early advantage.
- It has developed a wide charging network with over 2,500 stations across 230+ cities.
- Known for its premium design, durability, and advanced tech features.
- Ather invests significantly in R&D, particularly in battery and software systems.
Weaknesses
- The company is not yet profitable due to high operational costs.
- It primarily operates in larger cities, with limited reach in smaller towns.
- The scooters are priced higher, which may not be affordable for all customers.
- Brand recognition is lower compared to larger competitors like Ola or Hero.
Financial Performance
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Cr.) | 2,172 | 1,913.5 | 1,976.8 | 818.6 |
| Revenue (₹ Cr.) | 1,617.4 | 1,789.1 | 1,801.8 | 413.8 |
| PAT (₹ Cr.) | -577.9 | -1,059.7 | -864.5 | -344.1 |
| Net Worth (₹ Cr.) | 108 | 545.9 | 613.7 | 224.9 |
Peer Comparison
| Company | P/B Ratio | P/E Ratio | RONW (%) | Net Worth (₹ Cr.) |
|---|---|---|---|---|
| Ather Energy Limited | 0 | -15.52 | -194% | 108 |
| Hero Motocorp Ltd. | 4.16 | 19.05 | 21.77% | 17,835 |
| Bajaj Auto Ltd. | 7.3 | 30.39 | 23.76% | 28,962 |
| Ola Electric Ltd. | 3.52 | -12.69 | -24.86% | 2,019 |
Subscription Details
Daily Bids Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0x | 0x | 1.76x |
| NII | 0.17x | 0.28x | 0.69x |
| S-HNI | 0.12x | 0.24x | 0.6x |
| B-HNI | 0.19x | 0.3x | 0.74x |
| RII | 0.69x | 1.2x | 1.89x |
| EMP | 1.84x | 3.23x | 5.43x |
| Total | 0.17x | 0.3x | 1.5x |
Overall Subscription Statistics
| Category | Shares Offered | Shares Bid | Bid Amount (₹ Cr) |
|---|---|---|---|
| QIB | 2,78,30,383 | 4,90,60,472 | 1,574.84 |
| NII | 1,39,15,192 | 96,25,914 | 308.99 |
| Small NII | 46,38,397 | 27,84,288 | 89.38 |
| Big NII | 92,76,795 | 68,41,626 | 219.62 |
| RII | 92,76,795 | 1,75,20,112 | 562.4 |
| EMP | 1,00,000 | 5,42,524 | 17.42 |
| Total | 5,11,22,370 | 7,67,49,022 | 2,463.64 |
Company Details
- Ather Energy
- 3rd Floor, Tower D, IBC Knowledge Park, #4/1 Bannerghatta Main Road, Bangalore 560029, Karnataka
- +91 80 6646 5750
- cs@atherenergy.com
- http://www.atherenergy.com/
Registrar Details
- Link Intime India Private Ltd
- +91-22-4918 6270
- atherenergy.ipo@linkintime.co.in
- https://linkintime.co.in/Initial_Offer/public-issues.html
Frequently Asked Questions
See live numbers on GMP, Subscription, and Allotment pages.
Ather Energy IPO News & Updates
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Ather Energy IPO IPO Pages
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Ather Energy IPO Details
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Ather Energy IPO GMP
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Ather Energy IPO Subscription
QIB, NII, Retail, SHNI and BHNI subscription
Ather Energy IPO Allotment
Allotment date, chances, and check by PAN
Ather Energy IPO Review
SWOT, strengths, risks, and IPO review
Ather Energy IPO FAQ
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Ather Energy IPO Registrar
Registrar website and how to check allotment
Ather Energy IPO Timeline
Open, close, allotment, and listing dates
Ather Energy IPO News
Updates, blogs, and latest IPO news
Sources
We match Ather Energy IPO IPO numbers with official sources. For final dates and allotment results, double-check the registrar or exchange.
- SEBIRules for IPO allotment and disclosures in India
- NSEExchange notices, bidding data, and listing updates
- BSEExchange notices and IPO allotment check tools
- RHP / Offer DocumentCheck the company RHP on NSE/BSE or the IPO detail page
- Link Intime India Private LtdOfficial site to check allotment status for this IPO
Also read our Editorial Policy, How GMP is calculated, How allotment chances work, and IPO fund allocation.
Reviewed by
Dinesh Agrawal · Lead IPO Analyst
15+ years in Indian markets and IPO research. He reviews IPO dates and key details before they go live.