Ather Energy IPO Launch Date And Price Band Announced — Check GMP Here
The mainboard issue of Ather Energy Ltd. is a bookbuilding issue worth Rs 2,980.76 crore.
The initial public offering (IPO) of Ather Energy Ltd. will open for subscription on Monday, April 28. The Bengaluru-based electric two-wheeler maker aims to raise Rs 2,980.76 crore through its public offer.
Those interested in this IPO should review these details before making their investment decisions.
Ather Energy Ltd. IPO Key Details
The mainboard issue of Ather Energy Ltd. is a bookbuilding issue worth Rs 2,980.76 crore. The IPO comprises a fresh issue of 8.18 crore shares worth Rs 2,626 crore, along with an offer-for-sale (OFS) of 1.11 crore shares, amounting to Rs 354.76 crore.
The shares offered in the IPO are divided into different investor categories. Qualified Institutional Buyers (QIBs) will be allotted no less than 75% of the net issue size, while retail investors can expect up to 10% of the net offer. The company has set aside 15% of the net issue size for Non-Institutional Investors (NIIs).
Investors can place bids for at least a single lot size of 46 shares. Retail investors can invest a minimum of Rs 14,766 per lot size. The IPO price band has been fixed at Rs 304 to Rs 321 per share.
The Ather Energy IPO will remain open for subscription till Wednesday, April 30. The tentative date for allotment of shares is Friday, May 2. The company will initiate refunds and transfer of shares to the Demat accounts on May 5.
The IPO listing date has been tentatively fixed as Tuesday, May 6. Shares of Ather Energy will be listed on the NSE and BSE.
JM Financial, HSBC Securities, Axis Capital and Nomura India are serving as the book-running lead managers for the IPO. Link Intime India has been appointed as the official registrar for the public offering.
Ather Energy IPO GMP
As of April 23, 2025, at 9:02 a.m., the grey market premium (GMP) for Ather Energy’s IPO stood at Rs 17, according to Investorgain. At the upper price band of Rs 321 per share, the estimated listing price stands at Rs 338, indicating a potential gain of around 5.29% per share.
Note: GMP is not an official source of data and is based on speculation.
Ather Energy: Business And Financials
Ather Energy began its journey in 2013 as a college project by IIT Madras alumni Tarun Mehta and Swapnil Jain. Rather than rushing to market, the founders spent several years perfecting the technical and mechanical aspects of their electric scooter before launching their first model in 2018. Their second product, the Rizta — a family-friendly scooter — was introduced in 2024, helping the company expand its presence into new markets.
Use of Proceeds
Ather Energy plans to use the funds raised from its IPO for several purposes. A portion will go towards setting up a new electric two-wheeler manufacturing facility in Maharashtra. The company also intends to repay or prepay certain outstanding loans, invest in its ongoing research and development efforts and allocate funds to expand its marketing campaigns. Additionally, part of the proceeds will be used for general corporate purposes.
Financials
For the nine months ended December 31, 2024, the company reported a revenue of Rs 1,617.4 crore. For the full financial year 2023-24, the company recorded a revenue of Rs 1,789.1 crore and Rs 1,801.8 crore in FY23. Despite steady revenue, Ather continued to operate at a loss. The E-scooter maker reported a net loss of Rs 577.9 crore for the first nine months of FY25. The company’s losses were Rs 1,059.7 crore in FY24 and Rs 864.5 crore in FY23.
Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.
