Ather Energy, a key player in India’s electric two-wheeler space, is set to make its debut on the stock markets. The company has officially announced the launch of its Initial Public Offering (IPO), with the subscription window scheduled from April 28 to April 30, 2025. The price band is fixed between ₹304 and ₹321 per share.
📊 IPO Structure and Fund Utilization
The IPO comprises two components:
- A fresh issue of shares worth ₹2,626 crore.
- An Offer for Sale (OFS) of 1.1 crore equity shares by existing shareholders, including co-founders Tarun Mehta and Swapnil Jain.
This brings the total expected issue size to approximately ₹2,980.76 crore. The funds raised will be allocated to several strategic areas:
- ₹927.2 crore to set up a new manufacturing plant in Maharashtra.
- ₹750 crore to enhance R&D capabilities.
- ₹300 crore towards scaling up marketing operations.
- ₹40 crore for debt repayment.
- The rest will be used for general corporate purposes.
⚙️ Company Profile and Market Presence
Founded in 2013 and headquartered in Bengaluru, Ather Energy is known for its high-performance electric scooters designed for premium consumers. Its flagship products include the Ather 450 series and the recently launched Ather Rizta, with a total of seven models on the market.
As of December 2024, Ather held an 11% share in India’s EV two-wheeler segment. The company reported revenue of ₹1,578.9 crore for the nine-month period ending December 2024—an increase from ₹1,230.4 crore in the same period the previous year. Notably, its net loss narrowed from ₹776.4 crore to ₹577.9 crore year-over-year.
📅 Important Dates and Market Outlook
- The anchor investor window opens on April 25.
- Public subscription: April 28–30.
- Expected listing date: May 6, 2025.
Axis Capital, HSBC, JM Financial, and Nomura are managing the book-running lead roles for the IPO, while Link Intime India Private Ltd is serving as the registrar.
With this move, Ather Energy becomes the second major electric vehicle brand to list publicly in India after Ola Electric. Given a relatively quiet IPO environment in 2025, this launch is expected to attract significant attention from investors and market watchers alike.
