Ather Energy, a leading electric vehicle company in India, is set to launch its IPO in 2025. The Ather Energy IPO is a book-building issue of ₹2,981.06 crores, comprising a fresh issue of 8.18 crore shares worth ₹2,626.30 crores and an offer for sale (OFS) of 1.11 crore shares aggregating to ₹354.76 crores.
The IPO will open for subscription on April 28, 2025, and close on April 30, 2025. The allotment is expected to be finalized on May 2, 2025, with a tentative listing date set for May 6, 2025, on both BSE and NSE.
The price band for Ather Energy IPO is ₹304 to ₹321 per share. Retail investors can apply for a minimum lot size of 46 shares, requiring an investment of around ₹13,984 at the lower price band. To improve allotment chances, bidding at the cutoff price is recommended, increasing the investment to approximately ₹14,766.
For non-institutional investors (NIIs), small NIIs need to apply for at least 14 lots (644 shares) with an investment of ₹2,06,724, while big NIIs require 68 lots (3,128 shares) amounting to ₹10,04,088.
The Ather Energy IPO is being closely watched by investors and market analysts alike, given the company’s strong brand recognition, growth prospects in the electric vehicle segment, and increasing adoption of sustainable mobility solutions in India. Investors planning to apply for the IPO should evaluate the company’s financials, industry outlook, and their personal investment goals before making a decision.
Ather Energy IPO Details
| IPO Date | April 28, 2025 to April 30, 2025 |
| Listing Date | Tue, May 6, 2025 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹304 to ₹321 per share |
| Lot Size | 46 Shares |
| Total Issue Size | 9,28,67,945 shares (aggregating up to ₹2,981.06 Cr) |
| Fresh Issue | 8,18,16,199 shares (aggregating up to ₹2,626.30 Cr) |
| Offer for Sale | 1,10,51,746 shares of ₹1 (aggregating up to ₹354.76 Cr) |
| Employee Discount | 30.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 29,06,43,469 shares |
| Share Holding Post Issue | 37,24,59,668 shares |
Ather Energy IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not less than 75% of the Net Offer |
| Retail Shares Offered | Not more than 10% of the Net Offer |
| NII (HNI) Shares Offered | Not more than 15% of the Net Offer |
Ather Energy IPO Anchor Investors Details
Ather Energy IPO raises Rs 1,340.03 crore from anchor investors. Ather Energy IPO Anchor bid date is April 25, 2025. Ather Energy IPO Anchor Investors list
| Bid Date | April 25, 2025 |
| Shares Offered | 4,17,45,576 |
| Anchor Portion Size (In Cr.) | 1,340.03 |
| Anchor lock-in period end date for 50% shares (30 Days) | June 1, 2025 |
| Anchor lock-in period end date for remaining shares (90 Days) | July 31, 2025 |
Ather Energy IPO Timeline
| IPO Open Date | Mon, Apr 28, 2025 |
| IPO Close Date | Wed, Apr 30, 2025 |
| Tentative Allotment | Fri, May 2, 2025 |
| Initiation of Refunds | Mon, May 5, 2025 |
| Credit of Shares to Demat | Mon, May 5, 2025 |
| Tentative Listing Date | Tue, May 6, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 30, 2025 |
Ather Energy IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 46 | ₹14,766 |
| Retail (Max) | 13 | 598 | ₹1,91,958 |
| S-HNI (Min) | 14 | 644 | ₹2,06,724 |
| S-HNI (Max) | 67 | 3,082 | ₹9,89,322 |
| B-HNI (Min) | 68 | 3,128 | ₹10,04,088 |
Investors can bid for a minimum of 46 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail investors and HNI in terms of shares and amount.
Ather Energy IPO Promoter Holding
Tarun Sanjay Mehta, Swapnil Babanlal Jain, and HMCL are the company promoters.
| Share Holding Pre Issue | 54.61% |
| Share Holding Post Issue | 42.09% |
Ather Energy Limited: Company Overview and Growth Journey
Ather Energy Limited is an Indian electric vehicle manufacturer headquartered in Bengaluru, Karnataka. Founded in 2013 by IIT Madras alumni Tarun Mehta and Swapnil Jain, the company specializes in designing and producing smart, connected electric scooters. Its product lineup includes models like the Ather 450X, 450S, 450 Apex, and the family-oriented Ather Rizta. These scooters are known for features such as touchscreen dashboards, over-the-air updates, and robust performance metrics.
Ather operates manufacturing facilities in Whitefield, Bengaluru, and Hosur, Tamil Nadu. The Hosur plant, inaugurated in January 2021, has an annual production capacity of 110,000 scooters and 120,000 battery packs. To support its vehicles, Ather has established the Ather Grid, a proprietary fast-charging network with over 1,000 charging points across more than 80 cities in India. The company also offers Ather Space, a network of experience centers aimed at enhancing customer engagement.Wikipedia
Backed by prominent investors such as Hero MotoCorp (holding approximately 37.2% stake), GIC, and Tiger Global, Ather Energy has raised significant funding to fuel its growth. Despite facing stiff competition from players like Ola Electric, TVS Motor, and Bajaj Auto, Ather has carved out a niche in the premium segment of India’s electric two-wheeler market. The company continues to innovate and expand its footprint, contributing to the country’s transition towards sustainable mobility.