Ather Energy IPO

Ather Energy IPO: Check IPO Date, Live Subscription and Key Details

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.

Price Range
₹304.00 - ₹321.00
Issue Size
₹2,980.76 Cr
Lot Size
46 shares
IPO Type
Mainboard
GMP
₹14(+4.36%)
Est. Listing Price
₹335
Estimate Profit
₹644
Retail Portion
-

Key Metrics

GMP
Face Value
₹1
EPS
-20.69
P/E Ratio
-15.52
RoNW
-194%
ROE
-%
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Timeline

IPO Opens

28 Apr

IPO Closes

30 Apr

Allotment

2 May

Listing

6 May

IPO Timeline & Listing Details

EventDate
IPO Open Date28 April 2025
IPO Close Date30 April 2025
Allotment Date2 May 2025
Listing Date6 May 2025

Investment Categories

CategoryLotsAmount
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.
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Financial Performance

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets (₹ Cr.)2,1721,913.51,976.8818.6
Revenue (₹ Cr.)1,617.41,789.11,801.8413.8
PAT (₹ Cr.)-577.9-1,059.7-864.5-344.1
Net Worth (₹ Cr.)108545.9613.7224.9

Peer Comparison

CompanyP/B RatioP/E RatioRONW (%)Net Worth (₹ Cr.)
Ather Energy Limited0-15.52-194%108
Hero Motocorp Ltd.4.1619.0521.77%17,835
Bajaj Auto Ltd.7.330.3923.76%28,962
Ola Electric Ltd.3.52-12.69-24.86%2,019

Subscription Details

Daily Bids Status

CategoryDay 1Day 2Day 3
QIB0x0x1.76x
NII0.17x0.28x0.69x
S-HNI0.12x0.24x0.6x
B-HNI0.19x0.3x0.74x
RII0.69x1.2x1.89x
EMP1.84x3.23x5.43x
Total0.17x0.3x1.5x

Overall Subscription Statistics

CategoryShares OfferedShares BidBid Amount (₹ Cr)
QIB2,78,30,3834,90,60,4721,574.84
NII1,39,15,19296,25,914308.99
Small NII46,38,39727,84,28889.38
Big NII92,76,79568,41,626219.62
RII92,76,7951,75,20,112562.4
EMP1,00,0005,42,52417.42
Total5,11,22,3707,67,49,0222,463.64
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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

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