Ather Energy IPO
Ather Energy IPO is listed on BSE and NSE, priced at ₹304–₹321 per share. The stock debuted at ₹328, delivering a listing gain of 2.2%. The IPO had a lot size of ₹46 shares and a minimum investment of ₹14,766.
Ather Energy Limited IPO
- IPO Dates
- Apr 28, 2025 – Apr 30, 2025
- Price band
- ₹304-321 per equity share
- Minimum Investment
- ₹14,766
- Issue size
- ₹2981.06 Cr
- Lot size
- 46
- Allotment Date
- May 2, 2025
- Listing
- May 6, 2025
- Listing At
- BSE, NSE
IPO timeline
-
Apr 28, 2025
Open Date
Completed
-
Apr 30, 2025
Close Date
Completed
-
May 2, 2025
Allotment Date
Completed
-
May 6, 2025
Listing Date
Completed
Price Summary
- Last closing
- 910.00 (183.49%)
- 52 week high
- 989.40
- 52 week low
- 301.00
- Last update
Ather Energy IPO Essentials
Ather Energy IPO Details
Ather Energy IPO is priced at ₹304-321 per share with a total issue size of 2981.06 crore. The IPO has a lot size of 46 shares and is listed on BSE and NSE.
- Issue price
- ₹304-321 per equity share
- Lot size
- 46 shares
- Face value
- ₹1 Per Equity Share
- Issue size
- Total ₹2980.76 Cr :
#Fresh Issue : 8,18,06,853 shares(aggregating up to ₹2626.00 Cr) +
#OFS : 1,10,51,746 shares of ₹1(aggregating up to ₹354.76 Cr) - Total issue size
- 9,28,67,945 shares
(aggregating up to ₹2981.06 crore) - Fresh issue
- 8,18,16,199 shares
(aggregating up to ₹2626.3 crore) - Offer for sale (OFS)
- 1,10,51,746 shares
(aggregating up to ₹354.76 crore) - Listing at
- BSE, NSE
- List price
- 328.0(NSE)
- Listing date
- Registrar
- MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)
- Lead manager
-
Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited, Nomura Financial Advisory and Securities (India) Private Limited
Market Lot Size
Investors can bid for a minimum of 46 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 46 | ₹14,766 |
| Retail(max) | 13 | 598 | ₹1,91,958 |
| sHNI(min) | 14 | 644 | ₹2,06,724 |
| sHNI(max) | 67 | 3,082 | ₹9,89,322 |
| sHNI(min) | 68 | 3,128 | ₹10,04,088 |
Ather Energy IPO Reservation
Ather Energy IPO reservation details show category-wise allocation of shares. Out of the total 13,46,13,503 shares, approximately 51.69% are reserved for QIB, 10.34% for NII, 6.89% for retail investors, 0.07% for employees, and 31.01% for anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 4,17,45,576 (31.01%) | |
| QIB Shares Offered | 6,95,75,960 (51.69%) | |
| NII (HNI) Shares Offered | 1,39,15,173 (10.34%) | |
| bHNI > ₹10L | 92,76,794 (6.89%) | 14,404 |
| sHNI < ₹10L | 46,38,379 (3.45%) | 7,202 |
| Retail Shares Offered | 92,76,794 (6.89%) | 2,01,669 |
| Employee Shares Offered | 1,00,000 (0.07%) | |
| Total Shares Offered | 13,46,13,503 (100%) |
Ather Energy IPO Analytics
Ather Energy IPO category-wise subscription trends show day-wise participation across QIB, NII, and retail investors.
Ather Energy IPO Subscription Status
Ather Energy IPO subscription status shows demand across retail, NII, and QIB categories, helping investors understand overall participation trends.
The IPO subscription status indicates investor demand across categories.
| As on | QIB |
NII
bHNI
sHNI
|
Retail | Total |
|---|---|---|---|---|
| Shares Offered / Reserved | 2,78,30,383 |
1,39,15,192
92,76,795
46,38,397
|
92,76,795 | 5,11,22,370 |
|
Day 1
28-04-25 05:00 PM
|
0.00 x |
0.16x
0.18x
0.11x
|
0.63 x | 0.16 x |
|
Day 2
29-04-25 05:00 PM
|
0.00 x |
0.27x
0.29x
0.22x
|
1.12 x | 0.28 x |
|
Day 3
30-04-25 05:00 PM
|
1.70 x |
0.66x
0.70x
0.57x
|
1.77 x | 1.43 x |
Ather Energy Valuations
Earnings
- EPS Pre IPO
- -₹47.00/-
- P/E Pre IPO
- -8.80
- P/E Post IPO
- -15.52
Returns
- RoNW
- -194%
Ather Energy Financials( In Crs.)
| 31-Dec-24 | 31-Mar-24 | 31-Mar-23 | 31-Mar-22 | |
|---|---|---|---|---|
| Assets | 2,172.00 | 1,913.5 | 1,976.8 | 818.6 |
| Revenue | 1,617.40 | 1,789.1 | 1,801.8 | 413.8 |
| Profit After Tax | -577.90 | -1,059.7 | -864.5 | -344.1 |
| Net Worth | 108.00 | 545.9 | 613.7 | 224.9 |
| Reserves & Surplus | 104.10 | 545.1 | 613.1 | 224.2 |
| Total Borrowing | 521.60 | 314.9 | 485.2 | 298.4 |
Ather Energy Company & Offer Insights
About Ather Energy
The 2013-founded Ather Energy Limited operates as India's foremost electric two-wheeler (E2W) company that specifically produces electric scooters and battery packs and charging infrastructure and supporting software systems originating from their domestic assembly plants. Ather advances itself as the first manufacturer of premium electric mobility in India through its role as a vertically integrated EV producer that focuses on product and technology development.
The consumer base continues to grow for Ather given its delivery of 107983 electric two-wheelers within nine months of December 2024 and 109577 E2Ws for the complete Fiscal Year 2024.
The company operates 269 experience centers and 237 service centers in India together with 5 experience centers and 4 service centers in Nepal as well as 10 experience centers and 1 service center in Sri Lanka at the end of December 2024.
Ather’s product ecosystem includes:
Ather Grid–a public fast-charging network specifically for electric two-wheelers
Atherstack represents the proprietary software platform that offered 64 connected features during July 2024 because the company highlights its mission for smart connected mobility solutions.
The Ather manufacturing base operates from its Tamil Nadu Hosur Factory and reports 420,000 electric vehicle production capacity alongside 379,800 battery pack capacity per year at March 2024.
Innovation functions as the fundamental strategic component at Ather.
Ather Energy operates based on four essential strategic components which form the foundation of its operations:
Vertically integrated design and engineering
software-defined product ecosystem
Premium market positioning
Capital-efficient operations
The company Ather Energy employed 2454 people with 1458 on-roll staff and 996 off-roll workers who worked toward sustainable urban mobility innovation.
Ather Energy Promoter(s)
Tarun Sanjay Mehta, Swapnil Babanlal Jain, HMCL are the company's promoters of Ather Energy.
Ather Energy IPO Issue 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
Ather Energy IPO - Anchor Investors
Ather Energy Limited raises Rs 1,340 crore through anchor book.
Marquee investors such as SBI Mutual Fund, Aditya Birla Sun Life AMC, Franklin Templeton, Abu Dhabi Investment Authority, ICICI Prudential Mutual Fund, Prudential Hong Kong, Eastspring Investments, Invesco India, and Morgan Stanley invested in the pure EV player through anchor book.
Among others, Aditya Birla Sun Life Insurance, Tocu Europe, Helios, ITI Mutual Fund, Tata Investment Corporation, Societe Generale, Subhkam Ventures, and BNP Paribas Financial Markets have also become promoters of the company by investing by way of anchor book.
The company in filing to exchanges revealed that it has completed allotment of 4.17 crore equity shares to anchor investors at Rs 321 per share.
Ather Energy IPO - Peers Comparison
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Ather Energy Limited | -47 | -47 | 24 | N/A | -194 | N/A | Consolidated |
| Hero Motocorp Ltd. | 187 | 187 | 884 | 20 | 21 | 4.21 | Consolidated |
| Bajaj Auto Ltd. | 273 | 273 | 935 | 29 | 29 | 8.43 | Consolidated |
| Ola Electric Mobility Limited | -4 | -4 | 6 | N/A | -78 | 8.83 | Consolidated |
| Tvs Motor Company Ltd. | 36 | 36 | 143 | 68 | 26 | 16.92 | Consolidated |
| Eicher Motors Ltd. | 146 | 146 | 657 | 37 | 22 | N/A | Consolidated |
Notes:
- Basic EPS is calculated as loss for the year attributable to owners of our Company divided by the weighted average number of Equity Shares outstanding during the year. Diluted EPS is calculated as loss for the year attributable to owners of our Company divided by the weighted average number of Equity Shares outstanding during the year adjusted for the effects of all dilutive potential Equity Shares.
- NAV per Equity Share (in ₹) is computed as Net Worth at the end of the year divided by weighted average number of Equity Shares outstanding during the year.
- P/E ratio for the peer group has been computed based on the closing market price of equity shares on NSE as on March 28, 2025 divided by the Diluted EPS for the Fiscal March 31, 2024.
- Net-worth means the aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off as per the restated financial information, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation.
Ather Energy IPO - Strengths and Risks
Ather Energy IPO strengths and risks highlight key business factors, financial position, and market sentiment that may impact investor interest.
Strengths
Risks
Contact Information
Contact Details
Ather Energy
+91 80 6646 5750
3 rd Floor, Tower D, IBC Knowledge Park, #4/1 Bannerghatta Main Road, Bangalore 560029, Karnataka
Registrar Contact Details
Frequently Asked Questions
Click any question to reveal the answer
Ather Energy IPO is a book-built IPO worth ₹2981.06 crore. The price band is ₹304–₹321 per share. The IPO opens on Apr 28, 2025 and closes on Apr 30, 2025. It will be listed on BSE and NSE. MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) is the registrar.
The price band of Ather Energy IPO is ₹304 to ₹321 per share.
The lot size of Ather Energy IPO is 46 shares.
The minimum investment for Ather Energy IPO is approximately ₹14,766 based on the upper price band .
Ather Energy IPO opens on Apr 28, 2025 and closes on Apr 30, 2025.
The allotment date of Ather Energy IPO is May 2, 2025.
Ather Energy IPO is expected to be listed on May 6, 2025, on BSE and NSE .
Ather Energy IPO listed on May 6, 2025. It was issued at ₹328.0(NSE) and is currently around ₹910.00 as on 19-May-2026 3:30 PM, which is approximately 183.5% versus issue price. The 52-week high is ₹989.40.
Based on listing and post-listing performance, Ather Energy IPO delivered around 183.5% over issue price. Whether it was worth applying depends on your risk profile, allocation, and holding horizon.
To buy Ather Energy IPO shares after listing, log in to your broker app (such as Zerodha, Angel One, Groww, Upstox, ICICI Direct), search the stock symbol, place a delivery/CNC order, and confirm quantity and price.
Ather Energy IPO valuation snapshot: P/E -15.52, EPS N/A, P/B N/A, RoNW -194%, and market cap N/A.
To apply for Ather Energy IPO, open the IPO Ji app or website, select the IPO, choose your demat account, enter the quantity, and submit the application.
You can check the live subscription status of Ather Energy IPO on IPO Ji or stock exchange websites. It shows real-time demand across retail, NII, and QIB categories.
Pre-apply allows investors to submit their IPO application before the bidding period starts. The order is placed automatically when the IPO opens.
If you pre-apply for Ather Energy IPO, your order will be placed when the IPO bidding starts, and a UPI mandate request will be generated.
You can check Ather Energy IPO allotment status on the registrar or stock exchange websites using your PAN or application number after allotment. You can also check the Ather Energy IPO allotment status on IPO Ji for quick and easy access.