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Ather Energy’s IPO is open from April 28-30, 2025, with shares priced at Rs 304-321 each. They aim to raise Rs 2,626.76 crore. Allotment is on May 2, and listing on May 6, 2025.
Ather Energy IPO to open from April 28 to April 30.
Ather Energy IPO GMP: Ather Energy’s IPO opens for subscription today, April 28, marking the first significant public issue in recent times. The three-day subscription window for the Rs 2,980.6 crore public issue is available until April 30, 2025.
In this issue, Ather Energy plans to issue fresh shares totaling 8,18,06,853 (worth up to Rs 2,626.76 crore) and offer for sale 1,10,51,746 shares (totaling Rs 2,980.76 crore).
Ather Energy IPO Price Band
The IPO price band is set between Rs 304 to Rs 321 per share, with an employee discount of Rs 30 per share.
Ather Energy IPO GMP Falls Ahead Of Opening
Ather Energy’s grey market premium (GMP) has been declining, indicating decreased investor interest amid market volatility. According to various GMP tracking websites, Ather’s IPO premium stood between Rs 3-5 on April 27, a significant drop from Rs 40 on April 22.
Investors can bid for a minimum of 46 shares and in multiples thereafter.
Ather Energy IPO Allotment And Listing Dates
The allotment of unlisted shares for Ather Energy’s IPO will be finalized on Friday, May 2, 2025. The tentative listing date is set for Tuesday, May 6, 2025, on BSE and NSE.
About Ather Energy
Founded in 2013, Ather Energy Limited is an Indian company specializing in electric two-wheelers (E2Ws). They focus on designing, developing, and assembling electric scooters, battery packs, charging infrastructure, and supporting software systems in-house. The company is a vertically integrated EV manufacturer concentrating on product and technology development.
Ather Energy Financials
As of December 31, 2024, Ather Energy’s assets had increased to Rs 2,172 crore, up from Rs 818.6 crore in March 2022. The company’s revenue grew from Rs 413.8 crore in FY22 to Rs 1,617.4 crore in the nine months ending December 2024, showing strong sales momentum. Despite this growth, the company reported a net loss of Rs 577.9 crore for the nine-month period ending December 2024, compared to a loss of Rs 1,059.7 crore in FY24 and Rs 864.5 crore in FY23.
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