Ather Energy Limited IPO
Ather Energy is a premium electric vehicle (EV) company that designs, develops, and sells electric two-wheelers (E2Ws) along with a fully integrated ecosystem, including proprietary software, charging infrastructure, and smart accessories—entirely conceptualised in India. With in-house battery pack manufacturing and final vehicle assembly, Ather combines cutting-edge tech with sleek design. Its E2W portfolio features the Ather 450 and Ather Rizta, powered by Atherstack, the company’s in-house software platform that enables smart features like navigation, ride analytics, and safety tools. Ather Energy is redefining urban mobility through innovation, performance, and seamless connectivity.
Price Band₹304 - ₹321 |
Dates28 Apr - 30 Apr |
GMP₹7 (2.18%) |
Subscriptions1.43 times |
Issue Size₹2,980.46 Crs |
Ather Energy IPO Objects
- Capital expenditure to be incurred by our Company for establishment of an E2W factory
- Repayment of certain borrowings availed by our Company
- Investment in research and development
- Expenditure towards marketing initiatives
Ather Energy IPO Details
Price Band₹304 - ₹321 |
Listing AtNSE & BSE |
IPO Issue Type100% Book Built Offer |
Fresh Issue₹2,626.00 Cr (8.18 Cr Shares) |
Offer For Sale₹354.46 Cr (1.11 Cr Shares) |
Total Issue₹2,980.46 Cr (9.29 Cr Shares) |
Face Value₹1 per equity share |
Ather Energy IPO Lot Information
| Investor Category | Lot | Shares | Amount | |
|---|---|---|---|---|
| Retail |
Minimum
1
46
14,766
Maximum
13
598
1,91,958
|
|||
| Small HNI |
Minimum
14
644
2,06,724
Maximum
67
3,082
9,89,322
|
|||
| Big HNI |
Minimum
68
3,128
10,04,088
|
|||
Ather Energy IPO Subscription
Updated as on 30-Apr-2025 19:00:00
| Investor Category | Subscription (times) | Shares Offered | Shared Bid |
|---|---|---|---|
| QIB | 1.70 | 2,89,27,363 | 4,90,60,472 |
| NII | 0.66 | 1,46,01,478 | 96,27,202 |
| bNII (bids above ₹10L) | 0.70 | 97,34,319 | 68,41,626 |
| sNII (bids between ₹2L to ₹10L) | 0.57 | 48,67,159 | 27,85,576 |
| Retail | 1.78 | 97,34,319 | 1,73,13,710 |
| Employee | 5.43 | 1,00,000 | 5,42,662 |
| Total | 1.43 | 5,33,63,160 | 7,65,44,046 |
Subscription data excludes the Anchor Investor portion.
Ather Energy IPO GMP
The estimated Grey Market Premium of Ather Energy IPO is ₹7 per share (2.18%)
Disclaimer: The GMP prices displayed here reflect news related to grey market trends. We do not trade or deal in the grey market, including subject-to-rates, nor do we recommend participating in grey market trading.
Category Allocation
| Particulars | Allocation |
|---|---|
| QIB | Not less than 75% of Net Offer |
| Big HNIs (NII) | Not more than 10% of Net Offer |
| Small HNIs (NII) | Not more than 5% of Net Offer |
| Retail | Not more than 15% of Net Offer |
| Employee | 1,00,000 Equity Shares |
Ather Energy IPO Financials
| Particulars | Dec-24 | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|---|
| Revenue from Operations | 1,578.90 | 1,753.80 | 1,780.90 | 408.90 |
| Profit after Tax | -577.90 | -1,059.70 | -864.50 | -344.10 |
| Net Worth | 108.00 | 545.90 | 613.70 | 224.90 |
| Total Borrowing | 1,121.60 | 314.90 | 485.20 | 298.40 |
| Total Assets | 2,172.00 | 1,913.50 | 1,976.80 | 818.60 |
| NAV per share (in ₹) | 4.00 | 24.00 | 34.00 | 18.00 |
| EPS - Basic (in ₹) | -23.00 | -47.00 | -48.00 | -27.00 |
The financial information presented is on a consolidated basis.
Key Performance Indicators
| KPI | Values |
|---|---|
| EBITDA | -36.00% |
| PAT | -59.00% |
| RoNW | -194.00% |
| Gross Margin | 9.00% |
| PE Ratio | NA |
| PB Ratio | 13.38 |
| Mkt Cap (in Crs.) | 11,955.66 |
- All the data pertains to FY 2023-24.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Ather Energy IPO Peer Comparision
| Particulars | Ather Energy | Hero Moto | Bajaj Auto | Ola Electric | TVS Motors | Eicher Motors |
|---|---|---|---|---|---|---|
| Revenue from Ops (in Crs.) | 1,753.80 | 37,788.60 | 44,870.40 | 5,009.80 | 39,144.70 | 16,535.80 |
| PAT (In Crs.) | -1,059.70 | 3,742.16 | 7,708.24 | -1,584.40 | 1,778.54 | 4,001.01 |
| EPS - Basic | -47.00 | 187.00 | 273.00 | -4.00 | 36.00 | 146.00 |
| NAV per share | 24.00 | 884.00 | 935.00 | 6.00 | 143.00 | 657.00 |
| RONW | -194.00% | 21.00% | 29.00% | -78.00% | 26.00% | 22.00% |
| EBITDA | -36.00% | 15.74% | 22.60% | -19.72% | 14.28% | 33.22% |
| PAT Margin | -59.00% | 9.68% | 16.65% | -30.22% | 4.53% | 22.72% |
| Price to earning (PE) | Nil | 20.00 | 29.00 | NA | 68.00 | 37.00 |
- All information pertains to FY 2023-24.
- PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 28, 2024 for Peers
Ather Energy IPO Peer Comparision
| Particulars | Ather Energy |
|---|---|
| Revenue from Ops (in Crs.) | 1,753.80 |
| PAT (In Crs.) | -1,059.70 |
| EPS - Basic | -47.00 |
| NAV per share | 24.00 |
| RONW | -194.00% |
| EBITDA | -36.00% |
| PAT Margin | -59.00% |
| Price to earning (PE) | Nil |
| Hero Moto | Bajaj Auto | Ola Electric | TVS Motors | Eicher Motors |
|---|---|---|---|---|
| 37,788.60 | 44,870.40 | 5,009.80 | 39,144.70 | 16,535.80 |
| 3,742.16 | 7,708.24 | -1,584.40 | 1,778.54 | 4,001.01 |
| 187.00 | 273.00 | -4.00 | 36.00 | 146.00 |
| 884.00 | 935.00 | 6.00 | 143.00 | 657.00 |
| 21.00% | 29.00% | -78.00% | 26.00% | 22.00% |
| 15.74% | 22.60% | -19.72% | 14.28% | 33.22% |
| 9.68% | 16.65% | -30.22% | 4.53% | 22.72% |
| 20.00 | 29.00 | NA | 68.00 | 37.00 |
- All information pertains to FY 2023-24.
- PE ratio is calculated using the Upper Price Band for the Issuer and the closing price as of March 28, 2024 for Peers
Promoter Details
| Name | Shareholding |
|---|---|
| Hero MotoCorp | 38.19% |
| Tarun Mehta | 6.81% |
| Swapnil Jain | 6.81% |
| Others | 48.19% |
Management Details
| Name | Designation |
|---|---|
| Tarun Mehta | CEO |
| Swapnil Jain | CTO |
| Sohil Parekh | CFO |
Company Details
Name: Ather Energy Limited
Address: 3rd Floor, Tower D, IBC
Knowledge Park, #4/1
Bannerghatta Main Road,
Bangalore 560 029,
Karnataka, India
Number: +91 80 6646 5750
Email: cs@atherenergy.com
Website: www.atherenergy.com
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Visit WebsiteFrequently Asked questions?
Find answers to common questions that come in your mind related to IPO.
Ather Energy IPO is a Mainboard IPO having an issue size of Rs. ₹2,980.46 Crs. Ather Energy IPO is priced at ₹304 - ₹321 per share. The issue opens on 28 Apr 25 and closes on 30 Apr 25.
Ather Energy IPO opens on 28 Apr 25 and closes on 30 Apr 25.
The estimated Grey Market Premium of Ather Energy IPO is ₹7 per share (2.18%).
The minimum lot size of Ather Energy IPO is 46 shares & the minimum application amount is Rs. 14766.
The allotment date of Ather Energy IPO is 02 May 25.
The listing date of Ather Energy IPO is 06 May 25.
Ather Energy IPO is subscribed 1.43 times.
Ather Energy IPO is priced at ₹304 - ₹321 per share.
Click the allotment link on Ather Energy IPO page of IPO360.
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