The IPO of Ather Energy Limited, a well-known electric two-wheeler maker, is set to open on April 28, 2025.
This will be the first mainboard IPO of the new financial year (2025–26), and the issue will be listed on both BSE and NSE.
The price band for the IPO has been set at ₹304 to ₹321 per share, with a total issue size of ₹2,626 crore.
Key IPO Details:
IPO Opening Date: April 28, 2025
Closing Date: April 30, 2025
Anchor Investor Bidding: April 25, 2025
Price Band: ₹304–₹321
Issue Size: ₹2,626 crore
Offer for Sale: 1.1 crore shares by promoters and shareholders
About Ather Energy
Founded in 2013, Ather Energy is led by CEO and Executive Director Tarun Mehta. The company is known for its innovation in electric mobility and has:
Sold 3.40 lakh electric scooters till date
A portfolio of 7 electric scooter models
Over 3,000 public charging points
280 exclusive experience centers across India
Strong Focus on Innovation
46% of employees work in research and development
Ather scooters feature 69 advanced features
The company has plans to launch electric bikes in the near future
Current gross margin is 19%, and EBITDA margin is 23%
Global Tech Partnerships
Ather has partnered with several global tech companies including:
MAHLE, NIDEC, Infineon, QUALCOMM, LG Energy Solutions, Analog Devices, and Microchip.
They’ve also signed MoUs with LG Solutions and Amara Raja to strengthen their sales and supply chain.
Use of IPO Funds
The funds raised from the IPO will be used to:
Set up a new electric two-wheeler manufacturing plant in Maharashtra
Repay existing loans
Expand R&D operations
This makes Ather Energy the second electric two-wheeler company to go public after Ola Electric, which launched its IPO worth ₹6,145 crore in August 2024.
