Does Ather Energy IPO Have Shareholder Quota? Complete Breakdown & IPO Details

Ather Energy IPO opens on April 28, 2025. While the IPO is gaining strong interest, it's important to note that Ather Energy offers no shareholder quota. Investors can apply in retail and NII categories only. Know all about dates, lot sizes, cutoff price, allotment, and listing right here.

Does Ather Energy IPO Have Shareholder Quota? Complete Breakdown & IPO Details

Ather Energy marks its arrival in the stock market sector by launching as India’s top electric two-wheeler brand. The Ather Energy IPO represents one of the most anticipated stock market launches of 2025 because it advances future EV technology while maintaining solid business foundations. You will find everything you need to know about the Ather Energy Limited IPO including all its fundamental details in this blog through its date selections and price bands and lot sizes and company background information.

Ather Energy IPO Overview

Particulars

Details

IPO Type

Book Built Issue

Total Issue Size

₹2,980.76 Crores

Fresh Issue

8.18 Crore Shares (₹2,626.00 Crores)

Offer for Sale (OFS)

1.11 Crore Shares (₹354.76 Crores)

IPO Opening Date

April 28, 2025

IPO Closing Date

April 30, 2025

Allotment Date

May 2, 2025 (Tentative)

Listing Date

May 6, 2025 (Tentative)

Listing on

BSE, NSE

Price Band

₹304 to ₹321 per share

Lot Size

46 Shares

Retail Min Investment

₹14,766 (Suggested at cutoff price)

sNII Investment

₹2,06,724 (14 lots - 644 shares)

bNII Investment

₹10,04,088 (68 lots - 3,128 shares)

Registrar

Link Intime India Pvt Ltd

Lead Managers

Axis Capital, HSBC, JM Financial, Nomura

Note: Ather Energy IPO does not offer a Shareholder Quota, so investors cannot apply under the shareholder category.

About Ather Energy Limited

Established in 2013 Ather Energy Limited operates from Bangalore as an electric two-wheeler (E2W) company that creates its products including electric scooters and battery packs and charging stations (Ather Grid) and software (Atherstack) internally. The Indian EV market has seen Ather Energy become a top player by selling over 107,983 electric two-wheeler units in the first nine months of FY2024 and 109,577 units in FY24.

The company operates their Hosur factory in Tamil Nadu for the annual production of 4.2 lakh electric scooters and 3.8 lakh battery packs. The Indian operations of Ather span 265 experience centers and 233 service centers throughout the country and they are now moving into Nepal and Sri Lanka.

The organization demonstrates commitment to technological pioneering by holding 303 active trademarks and 201 registered designs and 45 patents that are continuing to increase.

Why is Ather Energy IPO Creating Buzz?

  • Strong Brand in EV Market: Competes with Ola Electric, TVS, Bajaj in the premium electric scooter segment.
  • Vertically Integrated Model: From design to delivery, everything is managed in-house.
  • High-Tech Ecosystem: Products like Atherstack and Ather Grid give them a competitive edge.
  • Massive Growth Potential: With rising fuel prices and EV adoption, the segment is expected to boom.
  • Backed by Smart Capital: Supported by marquee investors like Hero MotoCorp.

 Ather Energy IPO Price Band & Lot Size Explained

  • Price Band: ₹304 – ₹321
  • Retail Lot Size: 46 shares
  • Minimum Retail Investment: ₹14,766 (cutoff price)
  • Cutoff Price Tip: Always bid at the cutoff price to maximize your chances of allotment in case of oversubscription.

Ather Energy IPO for Investors – Retail, sNII, bNII

Investor Category

Lot Size

Shares

Investment

Retail

1 Lot

46 Shares

₹14,766

sNII (Small HNI)

14 Lots

644 Shares

₹2,06,724

bNII (Big HNI)

68 Lots

3,128 Shares

₹10,04,088


📅 Important Dates for Ather Energy IPO

Event

Date

IPO Opens

April 28, 2025

IPO Closes

April 30, 2025

Allotment

May 2, 2025 (Tentative)

Refunds Initiated

May 5, 2025 (Tentative)

Shares Credited to Demat

May 5, 2025

Listing Date

May 6, 2025 (Tentative)

❌ No Shareholder Quota in Ather Energy IPO

Unlike some recent IPOs, Ather Energy IPO does not have a Shareholder Quota. This means that:

Qualified Institutional Buyers (QIBs)

Non-Institutional Investor (NII) – sNII and bNII

Retail Individual Investor (RII)

Applications can only be made under standard categories like:

Investors holding shares of any parent or group company (if any) will not get any additional category benefit.

This is especially important for those used to applying under the shareholder quota in IPOs like Tata Technologies, Bajaj Housing Finance, or HDB Financial.

With a growing network, strong brand loyalty, and tech-driven strategy, Ather Energy's IPO could be a powerful opportunity for investors betting on India’s EV revolution. Keep a close eye on subscription status, GMP trends, and allotment updates.

👉 Stay tuned with IPOji.com for live updates, allotment status, and expert analysis on Ather Energy and other upcoming IPOs.

Frequently Asked Questions (FAQs)

Q1. What is the Ather Energy IPO price band?

A: The price band is set at ₹304 to ₹321 per share.

Q2. What is the lot size for Ather Energy IPO?

A: One lot consists of 46 shares. Minimum investment is around ₹14,766.

Q3. When will Ather Energy IPO open and close?

A: It opens on April 28, 2025 and closes on April 30, 2025.

Q4. On which exchanges will Ather Energy be listed?

A: The company will be listed on both BSE and NSE.

Q5. What is the listing date of Ather Energy IPO?

A: Tentatively, the IPO will list on Tuesday, May 6, 2025.