About Ather Energy Limited
Founded in 2013, Ather Energy is a leading Indian electric vehicle (EV) company specializing in premium electric scooters. Ather designs, develops, and assembles its scooters, battery packs, and charging infrastructure in-house, offering a complete and seamless EV experience.
Their popular models, including the Ather 450 series and the newly launched Ather Rizta, are powered by the brand’s fast-expanding Ather Grid charging network and the smart Atherstack software platform.
Focused on revolutionizing urban mobility, Ather Energy has sold over 100,000 electric vehicles in FY24, building a strong presence across India and entering select international markets. With a rapidly growing network of experience centres and service hubs, Ather is redefining how India moves — sustainably, smartly, and stylishly.
Ather Energy IPO GMP, Price Band, Subscription Details, and Financials 2025
Manufacturer Ather Energy Ltd, a leader in the Indian electric two-wheeler (E2W) market, is launching its highly anticipated Ather Energy IPO. The IPO date is set for April 28, 2025, and it will close on April 30. The IPO price band is expected between ₹304 to ₹321 per share, with a total IPO size of around ₹2,981 crore, including a fresh issue of 8.18 crore equity shares and an offer for sale worth ₹354.76 crore. Retail Investors and FII can soon check Ather Energy IPO GMP, with the IPO grey market premium already showing strong interest and the latest GMP trading at a notable premium.
Ather Energy’s innovative products like the Ather 450 and Ather Rizta, backed by the Ather Grid fast-charging network, highlight its strength as a vertically integrated company. Despite the company posting losses in fiscal year 2024, it reported robust revenue growth. The funds from the IPO will primarily support capital expenditure, R&D, marketing, and repayment of borrowings, as detailed in the RHP filed with SEBI.
Ather Energy IPO details reveal that Axis Capital, Nomura Financial Advisory and Securities, HSBC Securities, and Capital Markets are the book-running lead managers. The IPO will open for subscription on April 28, and retail as well as non-institutional investors can place their IPO applications within the lot size specified. Surplus investors may park moderate funds considering Ather’s leadership in the Indian E2W market.
The Ather Energy IPO allotment is expected to be finalized by May 2, 2025, with shares credited soon after. You can check Ather Energy IPO allotment status on platforms like GainsIPO Allotment Status and InvestorGain. The estimated listing price looks strong as the IPO is trading at a premium in the grey market. The listing date is scheduled for May 6, 2025, on both BSE and NSE.
Latest news also reports that Ather Energy now has 233 service centres across India, strengthening its customer network. The issue is worth ₹2,981 crore, with the public subscription expected to see strong interest from retail and institutional buyers alike. The listing price will be closely watched, given the company’s momentum in the Indian electric mobility space.
Stay updated on the latest IPO GMP, IPO subscription trends, and premium price movements as you get Ather Energy IPO updates. Investors are advised to act early, as subscription on April 28 could see a strong rush!
Ather Energy IPO Schedule 2025
| Event | Date | Details |
|---|---|---|
| Issue Opens | 28 April 2025 | Applications open for investors |
| Issue Closes | 30 April 2025 | Last day to apply |
| UPI Mandate Deadline | 30 April 2025 (5 PM) | Approve UPI payment requests before 5 PM |
| Allotment Finalization | 2 May 2025 | Basis of allotment to be finalized |
| Refund Initiation | 5 May 2025 | Refunds for unallotted applications begin |
| Shares Credited to Demat Accounts | 5 May 2025 | Successful applicants receive shares |
| Listing Date | 6 May 2025 | Shares listed on stock exchanges |
| Mandate End Date | 15 May 2025 | End of UPI mandate validity |
| Lock-in End Date for Anchor Investors (50%) | 2 June 2025 | Partial lock-in period ends |
| Lock-in End Date for Anchor Investors (Remaining 50%) | 2 August 2025 | Complete lock-in period ends |
Ather Energy IPO Issue Size
| Details | Amount (in ₹ crores) |
|---|---|
| Total Issue Size | ₹ 2,981 Cr |
| Fresh Issue | ₹ 2,626 Cr |
| Offer for Sale (OFS) | ₹ 354.76 Cr |
Utilization of IPO Proceeds
| Purpose | Amount (in ₹ Cr) | Percentage (%) |
|---|---|---|
| Capital Expenditure | ₹ 927.2 | 32.62% |
| Repayment/Prepayment of Borrowings | ₹ 40 | 1.34% |
| Research and Development (R&D) | ₹ 750 | 25.15% |
| Marketing and Promotions | ₹ 300 | 10.06% |
| General Corporate Purposes | ₹ 608.8 | 23.17% |
Ather Energy IPO – Promoter Equity Share Holding Details
- Promoters:
- Tarun Sanjay Mehta
- Swapnil Babanlal Jain
- Hero MotoCorp Limited (HMCL)
| Shareholding Status | Percentage (%) |
|---|---|
| Pre-Issue Shareholding | 54.61% |
| Post-Issue Shareholding | 42.09% |
Ather Energy Limited – Financial Highlights (In Cr)
| Particulars | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets (₹ Crores) | 2,172.0 | 1,913.5 | 1,976.8 | 818.6 |
| Revenue from Operations (₹ Crores) | 1,617.4 | 1,789.1 | 1,801.8 | 413.8 |
| Profit After Tax (₹ Crores) | -577.9 | -1,059.7 | -864.5 | -344.1 |
| Net Worth (₹ Crores) | 108.0 | 545.9 | 613.7 | 224.9 |
| Reserves and Surplus (₹ Crores) | 104.1 | 545.1 | 613.1 | 224.2 |
| Total Borrowings (₹ Crores) | 521.6 | 314.9 | 485.2 | 298.4 |
Frequently Asked Questions (FAQs) on Ather Energy IPO 2025
1. What is the Ather Energy IPO date?
The Ather Energy IPO opens for subscription on April 28, 2025, and closes on April 30, 2025.
2. What is the price band for Ather Energy IPO?
The expected Ather Energy IPO price band is between ₹304 to ₹321 per share.
3. What is the lot size for Ather Energy IPO?
The exact lot size for Ather Energy IPO will be announced shortly in the final Red Herring Prospectus (RHP).
4. What is the total IPO size of Ather Energy?
The IPO aims to raise approximately ₹2,981 crore, which includes a fresh issue of equity shares and an offer for sale.
5. What is the Grey Market Premium (GMP) of Ather Energy IPO?
The Ather Energy IPO GMP has started and shows positive premium trends. You can check GMP updates on IPO tracking platforms.
6. When will Ather Energy IPO allotment be finalized?
The allotment status for Ather Energy IPO is expected to be finalized by May 2, 2025.
7. When is the listing date of Ather Energy IPO?
The listing date for Ather Energy shares on BSE and NSE is scheduled for May 6, 2025.
8. How can I check Ather Energy IPO allotment status?
Investors can check Ather Energy IPO allotment through the registrar’s website, stock brokers, or IPO tracking sites like GainsIPO Allotment Status and InvestorGain.
9. What will Ather Energy use the IPO proceeds for?
Funds raised will be used for capital expenditure, R&D, marketing, repayment of borrowings, and general corporate purposes.
10. Which companies are managing Ather Energy IPO?
The book-running lead managers are Axis Capital, Nomura Financial Advisory and Securities, HSBC Securities, and Capital Markets.
11. What is Ather Energy’s business focus?
Ather Energy specializes in premium electric two-wheelers (E2W), designing and assembling scooters, battery packs, and charging infrastructure in-house.
12. What are Ather’s flagship products?
Ather’s key models include the Ather 450 and the newly launched Ather Rizta scooters, supported by the Ather Grid fast-charging network.
13. Is Ather Energy profitable?
As of the fiscal year ending December 31, 2024, Ather Energy posted losses, but showed significant revenue growth.
14. What is the anchor investor lock-in period for Ather Energy IPO?
50% of shares allotted to anchor investors will be locked in until June 2, 2025, and the remaining 50% until August 2, 2025.
15. Why are investors interested in Ather Energy IPO?
Investors are attracted by Ather’s strong position in the Indian E2W market, its vertically integrated model, innovative products, and growing service network.