{"id":55554,"date":"2025-04-23T12:43:18","date_gmt":"2025-04-23T07:13:18","guid":{"rendered":"https:\/\/www.equentis.com\/blog\/?p=55554"},"modified":"2025-04-23T13:14:02","modified_gmt":"2025-04-23T07:44:02","slug":"ather-energys-upcoming-ipo-at-%e2%82%b92980-76-cr-key-insights-financials-swot","status":"publish","type":"post","link":"https:\/\/www.equentis.com\/blog\/ather-energys-upcoming-ipo-at-%e2%82%b92980-76-cr-key-insights-financials-swot\/","title":{"rendered":"Ather Energy\u2019s Upcoming IPO at \u20b92,980.76 Cr: Key Insights, Financials & SWOT"},"content":{"rendered":"
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Electric vehicles (EVs) are gaining serious momentum in India, and the IPO space is heating up once again\u2014this time with Ather Energy taking the spotlight. Known for its sleek electric scooters and strong focus on technology, Ather is poised to become the second pure-play Indian EV manufacturer to go public, following Ola<\/a> Electric’s market debut last year.<\/p>\n\n\n\n

The IPO comprises a fresh issue of \u20b92,626 crore along with an offer for sale (OFS) of up to 1.1 crore shares, which is expected to fetch around \u20b9354.76 crore at the upper end of the price band. Together, this brings the total issue size to approximately \u20b92,980.76 crore, marking a notable reduction from the company’s earlier plan to raise \u20b94,000 crore. Source: Moneycontrol<\/a><\/p>\n\n\n\n

Ather Energy IPO Details<\/strong><\/h2>\n\n\n\n

Ather Energy has officially set a price band of \u20b9304 to \u20b9321 per share for its IPO. The offer will be open for subscription from April 28 to April 30, with the anchor book opening earlier on April 25. The basis of allotment will be finalized on May 2, followed by refunds and credit of equity shares by May 5. The stock is set to be listed on the Indian stock exchanges on May 6.<\/p>\n\n\n\n

In the Ather Energy IPO, at least 75% of the shares are allocated for qualified institutional buyers (QIBs), while up to 15% are set aside for non-institutional investors (NIIs). Retail investors will have access to no more than 10% of the total offer. Additionally, up to 1,00,000 equity shares have been reserved for employees, who will also benefit from a discount of \u20b930 per share. Source: Livemint<\/a><\/p>\n\n\n\n

Offer Price<\/td>\u20b9304 to \u20b9321 per share<\/td><\/tr>
Face Value<\/td>\u20b91 per share<\/td><\/tr>
Opening Date<\/td>28 April 2025<\/td><\/tr>
Closing Date<\/td>30 March 2025<\/td><\/tr>
Total Issue Size (in Shares)<\/td>9,28.58, 599 <\/td><\/tr>
Total Issue Size (in \u20b9)<\/td>\u20b9 2980.76 Cr<\/td><\/tr>
Issue Type <\/td>Book Built Issue IPO<\/td><\/tr>
Lot Size<\/td>46 Shares<\/td><\/tr>
Listing at<\/td>BSE<\/a>, NSE<\/a><\/td><\/tr><\/tbody><\/table>
Source: Chittorgarh.com<\/a><\/figcaption><\/figure>\n\n\n\n

Company Overview<\/strong><\/h2>\n\n\n\n

Ather Energy, headquartered in Bengaluru, is an Indian electric two-wheeler manufacturer established in 2013. It designs and produces high-performance electric scooters like the 450 Apex, 450X, 450S, and the family-oriented Rizta.  <\/p>\n\n\n\n

Ather has also established Ather Grid, a widespread EV charging infrastructure across India. Committed to sustainability, Ather aims to revolutionize urban commuting through innovative and eco-friendly mobility solutions, evident in their product development and manufacturing practices.<\/p>\n\n\n\n

Company Performance and Financials<\/strong><\/h2>\n\n\n\n

For the nine months ending December 2024, the company posted:<\/p>\n\n\n\n