Ather Energy IPO Date, Price, GMP, Review Details; Ather Energy IPO is a bookbuilding of Rs 2,980.76 crores. The issue is a combination of fresh issue of 8.18 crore shares aggregating to Rs 2,626.00 crores and offer for sale of 1.11 crore shares aggregating to Rs 354.76 crores. Ather Energy IPO opens for subscription on April 28, 2025 and closes on April 30, 2025. The allotment for the Ather Energy IPO is expected to be finalized on Friday, May 2, 2025. Ather Energy IPO will be list on BSE, NSE with a tentative listing date fixed as Tuesday, May 6, 2025.
Ather Energy IPO price band is set at ₹304 to ₹321 per share. The minimum lot size for an application is 46. The minimum amount of investment required by retail investors is ₹13,984. But it is suggested to the investor to bid at the cutoff price to avoid the oversubscription senerio, which is about to ₹14,766. The minimum lot size investment for sNII is 14 lots (644 shares), amounting to ₹2,06,724, and for bNII, it is 68 lots (3,128 shares), amounting to ₹10,04,088.
Axis Capital Limited, Hsbc Securities & Capital Markets Pvt Ltd, Jm Financial Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd are the book running lead managers of the Ather Energy IPO, while Link Intime India Private Ltd is the registrar for the issue.
Ather Energy IPO Overview
| IPO Opening Date | April 28, 2025 |
| IPO Closing Date | April 30, 2025 |
| IPO Listing Date | To Be Announced |
| Face Value | ₹1 per share |
| Price Band | ₹304 to ₹321 per share |
| Lot Size | 46 Shares |
| Total Issue Size | 9,28,58,599 shares (~₹2,980.76 Cr) |
| Fresh Issue | 8,18,06,853 shares (~₹2,626.00 Cr) |
| Offer for Sale (OFS) | 1,10,51,746 shares (~₹354.76 Cr) |
| Employee Discount | ₹30 per share |
| Issue Type | Book Building |
| Listing At | BSE, NSE |
| Pre-Issue Shareholding | 29,06,43,469 shares |
| Post-Issue Shareholding | 37,24,50,322 shares |
About Ather Energy
Founded in 2013 and headquartered in Bengaluru, Ather Energy Pvt. Ltd. has emerged as a prominent player in the Indian electric vehicle space, particularly in the premium electric two-wheeler segment. The company is best known for its innovative electric scooters – Ather 450X and Ather 450S – which feature superior battery technology, fast charging, and smart dashboard capabilities.
Key Highlights:
- Backed by major investors such as Hero MotoCorp and Tiger Global.
- Strong in-house R&D and manufacturing capabilities.
- Operates a fast-expanding charging infrastructure called Ather Grid.
- Present in over 100 cities across India with growing market share.
Ather Energy IPO GMP (Grey Market Premium) Live Rates
The Grey Market Premium (GMP) gives a real-time reflection of market sentiment ahead of an IPO listing. It indicates the estimated listing price by tracking unlisted market trading. Here’s the latest day-by-day GMP movement for Ather Energy IPO, including updates on Kostak Rates and Subject to Sauda.
Ather Energy IPO GMP Live Rates – Day-by-Day Update
| Date | IPO GMP (₹) | GMP Trend | Kostak Price (₹) | Subject to Sauda (₹) |
|---|---|---|---|---|
| 23 April 2025 | ₹20 | 📉 GMP Down | – | – |
| 22 April 2025 | ₹40 | 📈 GMP Up | – | – |
Note: Kostak and Subject to Sauda rates are unofficial and usually updated closer to the IPO opening date. Investors should consider them as speculative indicators only.
Ather Energy IPO Important Dates
| Event | Date |
|---|---|
| IPO Opening Date | Monday, April 28, 2025 |
| IPO Closing Date | Wednesday, April 30, 2025 |
| Cut-off Time for UPI Mandate Confirmation | 5 PM, April 30, 2025 |
| Basis of Allotment (Tentative) | Friday, May 2, 2025 |
| Initiation of Refunds (Tentative) | Monday, May 5, 2025 |
| Credit of Shares to Demat Accounts (Tentative) | Monday, May 5, 2025 |
| Listing Date on NSE & BSE (Tentative) | Tuesday, May 6, 2025 |
Ather Energy IPO Lot Size Details
Understanding the IPO lot size is essential for investors to plan their applications effectively. In the Ather Energy IPO, investors can place bids starting from a minimum of 1 lot (46 shares) and in multiples thereafter.
The following table outlines the investment limits for Retail Investors, Small High Net-worth Individuals (S-HNIs), and Big High Net-worth Individuals (B-HNIs) in terms of lots, total shares, and approximate investment amount based on the upper price band of ₹321 per share.
| Category | Lots | Shares | Amount (Approx.) |
|---|---|---|---|
| Retail (Minimum) | 1 | 46 | ₹14,766 |
| Retail (Maximum) | 13 | 598 | ₹1,91,958 |
| S-HNI (Minimum) | 14 | 644 | ₹2,06,724 |
| S-HNI (Maximum) | 67 | 3,082 | ₹9,89,322 |
| B-HNI (Minimum) | 68 | 3,128 | ₹10,04,088 |
Note: All values are calculated based on the upper price band of ₹321 per share. The actual application amount may vary if a different cut-off price is selected.
Key Points:
- Retail Investors can apply for up to ₹2,00,000 in total.
- S-HNIs (Small HNIs) typically invest just above the ₹2,00,000 mark but below ₹10 lakh.
- B-HNIs (Big HNIs) invest above ₹10 lakh in IPO applications.
This structured approach helps investors plan the number of lots they should apply for based on their category and investment capacity. Always ensure UPI mandates are approved before the cut-off time to avoid rejections.
Ather Energy Limited Financial Information (Restated)
| Financial Year / Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Total Assets | 2,172 | 1,913.5 | 1,976.8 | 818.6 |
| Revenue from Operations | 1,617.4 | 1,789.1 | 1,801.8 | 413.8 |
| Profit After Tax (PAT) | -577.9 | -1,059.7 | -864.5 | -344.1 |
| Net Worth | 108 | 545.9 | 613.7 | 224.9 |
| Reserves & Surplus | 3,346.6 | 545.1 | 613.1 | 224.2 |
| Total Borrowing | 1,121.6 | 314.9 | 485.2 | 298.4 |
Financial Highlights and Analysis
Revenue Growth
Ather Energy has demonstrated significant revenue expansion, growing from ₹413.8 crore in FY 2022 to ₹1,801.8 crore in FY 2023. Despite a slight dip in FY 2024 (₹1,789.1 crore), the December 2024 numbers show ₹1,617.4 crore already — indicating that FY 2025 might exceed previous records.
Profitability
While the company is still in the red, it is moving toward narrowing losses. The net loss reduced to ₹577.9 crore by December 2024, compared to a loss of over ₹1,059 crore in FY 2024. This improving bottom line reflects better cost management and operational efficiency.
Net Worth and Reserves
The net worth fell sharply to ₹108 crore by Dec 2024, primarily due to accumulated losses. However, reserves and surplus surged to ₹3,346.6 crore — suggesting a potential capital infusion or revaluation, which strengthens the balance sheet.
Borrowings
Total borrowings have increased to ₹1,121.6 crore by Dec 2024 from ₹314.9 crore in FY 2024. While this indicates reliance on debt to fund expansion, it is still within a manageable range considering the company’s scale and market potential.
What is Ather Energy IPO GMP Today?
Ather Energy IPO GMP is ₹20 as of today.
What is Ather Energy IPO Kostak Rate Today?
Ather Energy IPO Subject to Sauda is ₹- as of today.
What is Ather Energy IPO Subject to Sauda Today?
Ather Energy IPO Subject to Sauda is ₹- as of today.
What is Ather Energy IPO Expected Returns?
Ather Energy IPO Expected Returns is 6%.
