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ATHER · NSE,BSE · Automobile / Electric Two-Wheelers
Ather Energy IPO listed on 06 May 2025 on NSE,BSE at ₹328.00, a gain of 2.18% over the issue price of ₹321.00. The IPO was subscribed 1.43x overall.
Ather Energy IPO tentative timeline covering IPO opening, closing, basis of allotment, refunds, demat credit, and listing dates.
| Event | Date |
|---|---|
| IPO Open Date | 28 Apr 2025 |
| IPO Close Date | 30 Apr 2025 |
| Basis of Allotment | 02 May 2025 |
| Initiation of Refunds | 05 May 2025 |
| Credit of Shares to Demat | 05 May 2025 |
| Listing Date | 06 May 2025 |
Listing day gain
+2.18%
Listed at ₹328 (issue ₹321)
Issue
₹321
Listing
₹328
Current
₹302.3
-5.83% vs issue
Day range
₹299.1 – ₹333
Issue Size
92,867,945 shares
(aggregating up to ₹2,980.76 Cr)
Issue Price
₹304 – ₹321
Face Value
₹1/share
Market Lot
46 shares
Retail Min Investment
₹14,766
Listing At
NSE,BSE
Sale Type
both
Fresh Issue
81,816,199 shares
(aggregating up to ₹2,626.04 Cr)
Offer for Sale
11,051,746 shares
(aggregating up to ₹354.73 Cr)
Issue Type
book building
Open Date
28 Apr
Close Date
30 Apr
Allotment
02 May
Listing
06 May
Last updated: 1 year ago
| Date | IPO Issue Price (₹) | GMP (₹) | Est. Listing Price (₹) | Est. Profit Amount (₹) | Est. Profit % | Last Updated |
|---|---|---|---|---|---|---|
| 06 May 2025 Latest | ₹321 | ₹12 | ₹333 | ₹12 |
3.74%
|
12:00 AM |
| 05 May 2025 | ₹321 | ₹14 | ₹335 | ₹14 |
4.36%
|
12:00 AM |
Showing the 2 most recent GMP entries.
View full GMP historyLatest snapshot: 30 Apr 2025
| Category | Subscribed (x) |
|---|---|
| QIB | 1.7x |
| NII | 0.66x |
| bNII (bids above ₹10L) | 0.7x |
| sNII (bids below ₹10L) | 0.57x |
| Retail Investors | 1.77x |
| Total | 1.43x |
Showing the latest subscription snapshot.
View full subscription historyTarun Sanjay Mehta, Swapnil Babanlal Jain and HMCL are the promotors of the company.
New to lot sizes and investment limits? Read our guide on IPO lot size and minimum investment.
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 46 | ₹14,766 |
| Retail (Max) | 13 | 598 | ₹191,958 |
| S-HNI (Min) | 14 | 644 | ₹206,724 |
| S-HNI (Max) | 67 | 3,082 | ₹989,322 |
| B-HNI (Min) | 68 | 3,128 | ₹1,004,088 |
Want to understand how IPO shares are divided between investor categories? Read our guide on IPO reservation structure.
| Category | Shares Offered |
|---|---|
| QIB Shares Offered | 69,575,960 (74.92%) |
|
•
Anchor Investor Shares Offered
|
41,745,576 (44.95%) |
|
•
QIB (Ex. Anchor) Shares Offered
|
27,830,384 (29.97%) |
| NII (HNI) Shares Offered | 13,915,191 (14.98%) |
|
•
bNII > ₹10L
|
9,276,794 (9.99%) |
|
•
sNII < ₹10L
|
4,638,397 (4.99%) |
| Retail Shares Offered | 9,276,794 (9.99%) |
| Employee | 100,000 (0.11%) |
| Total Shares Offered | 92,867,945 (100.00%) |
Ather Energy Limited was originally incorporated as Ather Energy Private Limited on October 21, 2013, and is headquartered in Bengaluru, Karnataka. It works in the electric two-wheeler manufacturing sector.
The company designs, develops, and in-house assembles electric scooters, battery packs, charging infrastructure, and supporting software as a vertically integrated manufacturer. Its product lineup includes the Ather 450 series and the Ather Rizta, supported by the Ather Grid public fast-charging network and the proprietary Atherstack software platform. Battery packs are manufactured in-house using lithium-ion cells procured from suppliers, while other components are outsourced and assembled at the company's facilities. As of FY24, the company had sold more than 100,000 vehicles in the year and held an 11.5% market share in the electric two-wheeler segment. Tarun Mehta is the co-founder and CEO, with Hero MotoCorp holding a 38.19% stake in the company.
Revenue from operations rose to Rs 1,753.8 crore in FY24 from a lower base in FY23, with the company reporting a loss before tax of Rs 1,059.7 crore in FY24. The IPO was a mainboard, book-built issue of 9,28,67,945 equity shares at a price band of Rs 304 to Rs 321 per share, comprising both a fresh issue and an offer for sale, listed on the BSE and NSE. As per the RHP, net proceeds from the fresh issue were proposed to be used for capital expenditure toward setting up a new electric two-wheeler factory in Maharashtra, repayment or prepayment of certain borrowings, funding research and development, and general corporate purposes.
Standalone · ₹ in Crores
| Particulars | FY 2022 | FY 2023 | FY 2024 |
|---|---|---|---|
| Total Revenue | 413.8 | 1,801.8 | 1,617.4 |
| Profit After Tax (PAT) | -344.1 | -864.5 | -577.9 |
| EBITDA | - | - | - |
| Total Assets | 818.6 | 1,976.8 | 2,172 |
| Net Worth | 224.9 | 613.7 | 108 |
| Reserves & Surplus | 224.2 | 613.1 | 104.1 |
| Total Borrowing | 298.4 | 485.2 | 521.6 |
Revenue & Profit Trend
Key ratios per fiscal period
| Particulars | Mar 2024 |
|---|---|
| RoNW Return on Net Worth Shows the profit earned on the company's own net worth. Steady or rising over 3 years is a good sign. | -194% |
Issue-level · at the upper price band
| Particulars | Pre-IPO | Post-IPO |
|---|---|---|
| EPS Earnings Per Share Profit the company earns on each share. Post-IPO EPS is usually lower because the issue adds new shares. | ₹-47 | - |
| Market Cap Market Capitalisation What the whole company is valued at, at the upper price band. Post-IPO counts the new shares the issue creates. | ₹9,330 Cr | ₹11,259 Cr |
The basis of allotment for Ather Energy IPO was finalised on 02 May 2025. You can check your allotment status using your PAN number or application number on the MUFG Intime India Pvt.Ltd portal or BSE.
The Ather Energy IPO is expected to open in Apr 2025, subject to SEBI approval. Final dates will be updated once announced officially.
The price band for Ather Energy IPO is ₹304.00 - ₹321.00 per share.
As per market sources, Ather Energy IPO GMP is currently ₹12.00. GMP is tracked daily in the grey market. GMP indicates unofficial demand but does not guarantee listing gains.
The subscription status for Ather Energy IPO stands at 1.43x overall.
The listing date for Ather Energy IPO is 06 May 2025.
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