Ather Energy Ipo Opens On April 30; Check Price Band, Lot Size, Issue Amount & More

The first nationalist offering (IPO) of Ather Energy shall kick-off for bidding connected Monday, April 28. The Here MotoCorp-backed electrical two-wheeler shaper shall beryllium trading its shares successful nan scope of Rs 304-321 apiece. Investors tin use for a minimum of 46 equity shares and its multiples thereafter, until Wednesday, April 30, erstwhile nan rumor closes for subscription.

Bengaluru-based Ather Energy was incorporated successful 2013. It is simply a pure-play electrical two-wheeler (E2W) institution engaged successful nan design, development, and in-house assembly of electrical scooters, artillery packs, charging infrastructure, and supporting package systems. It operates arsenic a vertically integrated EV shaper pinch a attraction connected merchandise and exertion development.

The IPO of Ather power includes a caller stock waste of Rs 2,626 crore and offer-for-sale (OFS) of up to 1,10,51,746 equity shares by its promoters and existing shareholders. Net-net, nan institution is looking to raise a full of Rs 2,980.46 crore via IPO. Anchor rumor shall unfastened for bidding connected Friday, April 25. It will beryllium nan first IPO of FY26.

The nett proceeds from nan caller stock waste shall beryllium utilized towards superior expenditure to beryllium incurred by nan institution for constitution of an E2W mill successful Maharashtra; repayment aliases pre-payment of definite borrowings; finance successful investigation and development; expenditure towards trading initiatives; and wide firm purposes.

This IPO marks nan extremity of a drought of main committee issues aft a spread of astir 10 weeks. Last rumor connected nan mainboard IPO was Quality Power Electrical Equipments, which ran for bidding 14-18 February, earlier nan correction successful nan banal market. No mainboard IPO has been announced successful this span of 69 days.

Ather Energy sold 1,07,983 E2Ws and 1,09,577 E2Ws successful nan 9 months ended December 31, 2024 and financial twelvemonth 2023-24, respectively. It had 265 acquisition centres and 233 work centres successful India, 5 acquisition centres and 4 work centres successful Nepal, and 10 acquisition centres and 1 work centre successful Sri Lanka arsenic of December 31, 2024.

Ather's manufacturing is carried retired astatine nan Hosur Factory successful Tamil Nadu, which had an yearly installed capacity of 420,000 electrical vehicles and 379,800 artillery packs arsenic of March 2024. It had 303 registered trademarks, 201 registered designs and 45 registered patents arsenic of February 28, 2025, successful summation to pending applications for 102 trademarks, 12 designs and 303 patents.

For nan 9 months ended connected March 31, 2025, Ather Energy reported a nett nonaccomplishment of Rs 577.9 crore, pinch a gross of Rs 1,617.4 crore. The company's nett nonaccomplishment stood astatine Rs 1,059.7 crore pinch a gross of Rs 1,789.1 crore successful nan financial twelvemonth 2023-24. Its full borrowing stood astatine Rs 1,121.6 crore arsenic of December 31, 2024.

Ather Energy has reserved 1,00,000 equity shares for its eligible labor who will get a discount of Rs 30 per stock during nan IPO. 75 per cent of nan nett rumor has been reserved for qualified organization bidders, while 15 per cent of nan nett connection shall spell to nan non-institutional bidders. Only 10 per cent of shares from nan nett rumor shall beryllium allocated to nan unit investors.

Axis Capital, HSBC Securities & Capital Markets, JM Financial, Nomura Financial Advisory and Securities (India) are nan book moving lead managers of nan Ather Energy IPO, while Link Intime India is nan registrar for nan issue. Shares of nan institution shall beryllium listed connected some BSE and NSE pinch May 6 arsenic nan tentative day of listing.