Ather Energy Limited
Apr 28, 2025 - Apr 30, 2025
Ather Energy Limited IPO Details
Mainline
Status
listed
Issue Price
₹304.00 - ₹321.00
Lot Size
46 Shares
Subscription
1.5 times
Listing Price
₹328 (0%)
Face Value
₹1 Per share
Issue Size
Approx ₹2981.06 Cr
Fresh Issue
Approx ₹2626.3 Cr
Total Shares Offered
Approx ₹354.76 Cr
Retail Quota
-
QIB Quota
-
HNI Quota
-
Retail Approx
-
S-HNI Approx
-
B-HNI Approx
-
Issue Type
Bookbuilding IPO
Listing On
BSE, NSE
Registrar
MUFG Intime India Private Limited ((Link Intime)
NSE Code
ATHERENERG
BSE Code
544397
IPO Tentative Timetable
Open Date
Mon Apr 28 2025
Close Date
Wed Apr 30 2025
Allotment Date
Fri May 02 2025
Refunds Initiation
Mon May 05 2025
Demat Transfer
Mon May 05 2025
Listing Date
Tue May 06 2025
Promoters
Pre issue Share Holding
54.61%
Post issue Share Holding
42.09%
Company Promoters
- -
Lead Managers
Axis Capital Limited
Hsbc Securities & Capital Markets Pvt Ltd
Jm Financial Limited
Nomura Financial Advisory And Securities (India) Pvt Ltd
Live Subscription
| Date | QIB | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | EMP | Total |
|---|---|---|---|---|---|---|---|
| Apr 28, 2025 | 0.00 | 0.17 | 0.19 | 0.12 | 0.69 | 1.84 | 0.17 |
| Apr 29, 2025 | 0.00 | 0.28 | 0.30 | 0.24 | 1.20 | 3.23 | 0.30 |
| Apr 30, 2025 | 1.76 | 0.69 | 0.74 | 0.60 | 1.89 | 5.43 | 1.50 |
Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 46 | ₹14,766 |
| Retail (Max) | 13 | 598 | ₹1,91,958 |
| S-HNI (Min) | 14 | 644 | ₹2,06,724 |
| S-HNI (Max) | 67 | 3,082 | ₹9,89,322 |
| B-HNI (Min) | 68 | 3,128 | ₹10,04,088 |
Key Performance Indicator
| KPI | Values |
|---|---|
| RoNW | -194% |
IPO Reservation
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 4,17,45,576 (31.01%) | NA |
| QIB Shares Offered | 6,95,75,960 (51.69%) | NA |
| NII (HNI) Shares Offered | 1,39,15,173 (10.34%) | - |
| bNII > ₹10L | 92,76,794 (6.89%) | 14,404 |
| sNII < ₹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%) | NA |
| Total Shares Offered | 13,46,13,503 (100%) | - |
Company Financial
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 2,172.00 | 1,913.50 | 1,976.80 | 818.60 |
| Revenue | 1,617.40 | 1,789.10 | 1,801.80 | 413.80 |
| Profit After Tax | -577.90 | -1,059.70 | -864.50 | -344.10 |
| Net Worth | 108.00 | 545.90 | 613.70 | 224.90 |
| Reserves and Surplus | 104.10 | 545.10 | 613.10 | 224.20 |
| Total Borrowing | 521.60 | 314.90 | 485.20 | 298.40 |
About Company
Ather Energy Limited, incorporated in 2013, is an Indian electric two-wheeler (E2W) company engaged in the design, development, and in-house assembly of electric scooters, battery packs, charging infrastructure, and supporting software systems. The company operates as a vertically integrated EV manufacturer with a focus on product and technology development.
The company sold 107,983 E2Ws and 109,577 E2Ws in the nine months ended December 31, 2024 and Fiscal Year 2024, respectively.
As of December 31, 2024, we had 265 experience centres and 233 service centres in India, five experience centres and four service centres in Nepal, and ten experience centres and one service centre in Sri Lanka.
The company's product ecosystem includes Ather Grid, a public fast-charging network for two-wheelers, and Atherstack, a proprietary software platform with 64 connected features as of July 2024.
Manufacturing is carried out at the Hosur Factory in Tamil Nadu, which had an annual installed capacity of 420,000 electric vehicles and 379,800 battery packs as of March 2024.
As of February 28, 2025, globally, the company had 303 registered trademarks, 201 registered designs and 45 registered patents, in addition to pending applications for 102 trademarks, 12 designs and 303 patents.
Ather’s strategy is built on four pillars: Vertically integrated design and engineering, A software-defined product ecosystem, Premium market positioning and Capital-efficient operations.
As of March 31, 2024, Ather Energy employed 2,454 people, including 1,458 on-roll employees and 996 off-roll staff.
The company sold 107,983 E2Ws and 109,577 E2Ws in the nine months ended December 31, 2024 and Fiscal Year 2024, respectively.
As of December 31, 2024, we had 265 experience centres and 233 service centres in India, five experience centres and four service centres in Nepal, and ten experience centres and one service centre in Sri Lanka.
The company's product ecosystem includes Ather Grid, a public fast-charging network for two-wheelers, and Atherstack, a proprietary software platform with 64 connected features as of July 2024.
Manufacturing is carried out at the Hosur Factory in Tamil Nadu, which had an annual installed capacity of 420,000 electric vehicles and 379,800 battery packs as of March 2024.
As of February 28, 2025, globally, the company had 303 registered trademarks, 201 registered designs and 45 registered patents, in addition to pending applications for 102 trademarks, 12 designs and 303 patents.
Ather’s strategy is built on four pillars: Vertically integrated design and engineering, A software-defined product ecosystem, Premium market positioning and Capital-efficient operations.
As of March 31, 2024, Ather Energy employed 2,454 people, including 1,458 on-roll employees and 996 off-roll staff.
Company Contact
3 rd floor, tower d,ibc knowledge park,#4/1 bannerghatta main road,
Phone: +91 80 6646 5750
Email: cs@atherenergy.com
Website: http://www.atherenergy.com/
Registrar Contact
Phone: +91-22-4918 6270
Email: atherenergy.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html