Ather Energy Limited IPO
Ather Energy is launching its Initial Public Offering (IPO) through the book-building process, aiming to raise ₹2,980.76 crores. The issue includes a fresh issue of 8.18 crore equity shares worth ...
Read moreIPO Timeline
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28 Apr 2025Bidding Starts
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30 Apr 2025Bidding Ends
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02 May 2025Allotment Finalization
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05 May 2025Refund Date
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05 May 2025Demat Date
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06 May 2025Listing Date
Ather Energy Limited IPO Financial Result in crore
| Year | Asset | Revenue | Profit |
|---|---|---|---|
| 31 Mar 2022 | ₹818.60 Cr | ₹413.80 Cr | ₹-344.10 Cr |
| 31 Mar 2023 | ₹1,976.80 Cr | ₹1,801.80 Cr | ₹-864.50 Cr |
| 31 Mar 2024 | ₹1,913.50 Cr | ₹1,789.10 Cr | ₹-1,059.70 Cr |
| 31 Dec 2024 | ₹2,172 Cr | ₹1,617.40 Cr | ₹-577.90 Cr |
About Ather Energy Limited IPO
🔋 Ather Energy Limited: Powering India’s EV Scooter Revolution
Ather Energy Limited is one of the top electric two-wheeler (E2W) companies in India, known for pioneering in
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🚀 Ather’s first breakthrough came with the Ather 450, a smart electric scooter that brought India cutting-edge features like a touchscreen dashboard, cloud-based navigation, and over-the-air updates.
👪 In April 2024, Ather introduced the Rizta Series—a family electric scooter built for everyday use. It offers a spacious seat, 56L of under-seat storage, voice command features, and traction control, making it a top choice for urban riders.
📈 With 1,09,577 units sold in FY24, Ather is the third-largest electric scooter brand in India. Its Hosur manufacturing plant supports an annual capacity of 4.2 lakh units, with a new Maharashtra facility boosting production potential to 1.42 million units.
🛠️ The brand operates an asset-light retail model across India, with 208 experience centres, 191 service centres, and an expanding footprint in Nepal. With nearly half its team in R&D, Ather holds numerous patents, underlining its focus on innovation.
🌱 Ather is committed to sustainable mobility and follows a strong ESG (Environmental, Social, and Governance) policy that promotes clean energy, responsible innovation, and ethical practices.
Strengths
- Invested ₹2,365 million in R&D during FY24, underscoring a strong commitment to innovation and technological advancement.
- Achieved global recognition with 273 patent filings and 291 registered trademarks as of 2024, indicating robust IP development.
- The Atherstack ecosystem contributed an impressive 56% EBITDA margin in FY24, reflecting efficient monetization and operational leverage.
- High customer engagement, with 89% opting for Atherstack, highlights the growing role of software in revenue generation.
- Successfully launched Ather Rizta within 13 months, showcasing rapid product development through modular design strategies.
Risks
- Persistent losses and negative cash flows since inception raise concerns about long-term financial sustainability.
- Limited operating history adds uncertainty to future growth projections and earnings visibility.
- Expansion is heavily dependent on increasing adoption of electric two-wheelers in the Indian market.
- EV adoption in India remains relatively nascent, posing a challenge for market penetration.
- Operates in a highly competitive landscape with pressure from both legacy automakers and emerging EV startups.
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Ather Energy IPO Objectives: Strategic Use of Funds
Ather Energy aims to utilize the proceeds from its IPO to fuel growth and innovation in the electric mobility sector. Here’s how the company plans to allocate the funds:
Expansion of Manufacturing Capacity: A major portion will go towards establishing a new electric two-wheeler (E2W) manufacturing plant in Maharashtra, helping scale up production and meet rising demand.
Debt Reduction: Part of the funds will be used to repay or prepay existing loans, which will improve the company’s overall financial health.
Research & Development (R&D): Investment will support advanced R&D initiatives focused on improving technology, product features, and performance.
Marketing and Brand Growth: A portion will be dedicated to marketing efforts aimed at increasing brand awareness and customer acquisition.
General Corporate Purposes: The remaining capital will be used for ongoing operational needs and other business activities.
This strategic allocation reflects Ather Energy’s commitment to long-term growth, innovation, and market expansion in India’s electric vehicle (EV) space.
Ather Energy IPO: Promoter Shareholding Details
Ather Energy's promoters—Tarun Sanjay Mehta, Swapnil Babanlal Jain, and Hero MotoCorp Ltd (HMCL)—have seen changes in their shareholding due to the upcoming IPO.
Promoter Holding Before IPO: 52.67%
Promoter Holding After IPO: 42.09%
This reduction is a result of equity dilution, which occurs when new shares are issued, reducing the ownership percentage of existing shareholders.
FAQs
What is the Ather Energy IPO?
Ather Energy IPO is a main-board IPO of 92858599 equity shares of the face value of ₹1 aggregating up to ₹2,980.76 Crores. The issue is priced at ₹304 to ₹321 per share. The minimum order quantity is 46.
What is the lot size of Ather Energy IPO?
Ather Energy IPO lot size is 46, and the minimum amount required is ₹14,766.
When is Ather Energy IPO allotment?
The finalization of Basis of Allotment for Ather Energy IPO will be done on Friday, May 2, 2025, and the allotted shares will be credited to your demat account by Monday, May 5, 2025. Check the Ather Energy IPO allotment status.
When is Ather Energy IPO listing date?
The Ather Energy IPO listing date is not yet announced. The tentative date of Ather Energy IPO listing is Tuesday, May 6, 2025.
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