Minimum Investment
| Minimum Investment (Retail) | Lots (min) | Shares (QTY) |
| ₹14,766 | 1 | 46 |
About Ather Energy Limited IPO
Ather Energy is a leading Indian electric scooter startup, founded in 2013, with a strong focus on innovation and vertical integration. The company designs, manufactures, and assembles its own EVs, battery packs, and charging infrastructure, supported by its proprietary Ather Grid fast-charging network and AtherStack software platform. With over 107,000+ scooters sold in FY2024, Ather operates 300+ experience centers across India, Nepal, and Sri Lanka and boasts a Hosur factory capable of producing 420,000 EVs annually. The company holds 45+ patents and a growing IP portfolio, reinforcing its tech-driven approach.
Ather’s strategy revolves around premium EVs, in-house engineering, software-defined features, and capital efficiency. As of 2024, it employs 2,450+ people, blending cutting-edge R&D with scalable operations. With a strong brand presence and expanding footprint, Ather is accelerating India’s shift to smart, sustainable mobility.
Ather Energy Limited IPO Details
| IPO Date | April 28, 2025 to April 30, 2025 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹304 to ₹321 per share |
| Lot Size | 46 Shares |
| Total Issue Size | 9,28,67,945 shares (aggregating up to ₹2,981.06 Cr) |
| Fresh Issue | 8,18,16,199 shares (aggregating up to ₹2,626.30 Cr) |
| Offer for Sale | 1,10,51,746 shares of ₹1 (aggregating up to ₹354.76 Cr) |
| Employee Discount | 30.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 29,06,43,469 shares |
| Share Holding Post Issue | 37,24,59,668 shares |
| IPO Open Date | Mon, Apr 28, 2025 |
| IPO Close Date | Wed, Apr 30, 2025 |
| Tentative Allotment | Fri, May 2, 2025 |
| Initiation of Refunds | Mon, May 5, 2025 |
| Credit of Shares to Demat | Mon, May 5, 2025 |
| Tentative Listing Date | Tue, May 6, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 30, 2025 |
Ather Energy Limited IPO Prospectus
Ather Energy Limited Financial Snapshot (in Crore)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,172 | 1,913.5 | 1,976.8 | 818.6 |
| Revenue | 1,617.4 | 1,789.1 | 1,801.8 | 413.8 |
| Profit After Tax | -577.9 | -1,059.7 | -864.5 | -344.1 |
| Net Worth | 108 | 545.9 | 613.7 | 224.9 |
| Reserves and Surplus | 104.1 | 545.1 | 613.1 | 224.2 |
| Total Borrowing | 521.6 | 314.9 | 485.2 | 298.4 |
Ather Energy Limited Promoters Holding
Tarun Sanjay Mehta, Swapnil Babanlal Jain, and HMCL
Ather Energy Limited IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: atherenergy.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Ather Energy Limited IPO Lead Manager(s)
- Axis Capital Limited
- Hsbc Securities & Capital Markets Pvt Ltd
- Jm Financial Limited
- Nomura Financial Advisory And Securities (India) Pvt Ltd
Ather Energy Limited Contact Details
Ather Energy Limited
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/
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