Ather Energy Limited
IPO Details
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Company Fin.
₹12(3.74%)
Premium (ELP)
Following its successful public offering, Ather Energy Limited's made its market debut on May 06, 2025 and is now actively traded on the NSE, BSEplatform. The IPO mobilized 9,28,58,599 Shares in total capital, including 8,18,06,853 Shares in primary equity infusion and ₹354.76 Cr in secondary share sales.
The offering was structured with a price band of ₹304 to ₹321 and minimum investment lots of 46 shares. Investor participation during the subscription window from Apr 28, 2025 to Apr 30, 2025 demonstrated market confidence in the company's prospects.
The allotment process concluded on May 02, 2025, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Ather Energy Limited, incorporated in 2013, is an electric two-wheeler manufacturer in India that designs and builds electric scooters, battery packs, fast-charging infrastructure, and software systems in-house. Known for its premium, software-led products, Ather offers connected features through its Atherstack platform and supports users with the Ather Grid fast-charging network. The company sold around 1.09 lakh electric scooters in FY24 and manufactures at its Hosur plant in Tamil Nadu, which has an annual capacity of 4.2 lakh EVs. With a large retail and service presence in India, Nepal, and Sri Lanka, Ather continues to grow its brand and technology, supported by a strong IP portfolio.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
- Proprietary Tech Advantage: Own smart tech, touch dashboards, live diagnostics & OTA updates give Ather a strong competitive edge.
- Premium Brand Positioning: Strong brand recall in India’s EV space with growing consumer trust & expanding presence.
- Charging Infra Strength: Ather Grid charging network improves charging access, supporting adoption & boosting customer confidence.
- Limited Product Range: Heavy reliance on e-scooters makes revenue vulnerable to shifts in demand & consumer preferences.
- Supply Chain Risk: Dependence on batteries, chips & other key parts — any global shortage/cost spike can impact production.
- High Competition: EV space is crowded with new + established players; pricing pressure & innovation by rivals may reduce market share.
- Tarun Sanjay Mehta
- Swapnil Babanlal Jain
- HMCL
Ather Energy Limited
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