Ather Energy IPO: Key Details – Dates, Price, GMP & More
Learn about Ather Energy IPO’s key details, including dates, price band, GMP, and more, to make a smart investment choice.
An Initial Public Offering (IPO) is a big step for any company. It’s when a business goes from being private to public, letting everyday people buy shares and join its journey. Ather Energy, a top name in India’s electric two-wheeler market, is about to take this step.
Its IPO is creating a buzz, and for good reason. This article breaks down everything you need to know about the Ather Energy IPO—dates, prices, and more. Let’s dive in with a clear, calm look at what’s ahead.
Ather Energy IPO: Key Details
The Ather Energy IPO opens on April 28, 2025, and closes on April 30, 2025. The price for each share is set between ₹304 and ₹321. The total size of the IPO is around ₹2,980.76 crore.
This includes a fresh issue of ₹2,626 crore and an offer for sale (OFS) of 1.1 crore shares from current investors and founders.
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Here’s a quick look at the timeline:
- IPO Open Date: April 28, 2025
- IPO Close Date: April 30, 2025
- Allotment Date: May 2, 2025
- Listing Date: May 6, 2025
The shares will trade on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). These dates and numbers give you the basics to track this IPO.
| Key IPO Details | Information |
|---|---|
| Open Date | April 28, 2025 |
| Close Date | April 30, 2025 |
| Price Band | ₹304 – ₹321 |
| Issue Size | ₹2,980.76 crore |
| Fresh Issue | ₹2,626 crore |
| Offer for Sale | 1.1 crore shares |
| Listing Exchanges | BSE, NSE |
Grey Market Premium (GMP)
The Grey Market Premium, or GMP, shows how much excitement there is for an IPO before it lists. It’s the extra amount people are willing to pay for shares in an unofficial market.
For Ather Energy, the GMP is ₹20 as of April 23, 2025. That’s about 6% above the top price of ₹321. It’s a sign of decent interest, but not wild demand.
Keep in mind, GMP isn’t a sure thing. It can change with market moods or news. So, while it’s a helpful hint, don’t bet everything on it.
Who Is Ather Energy?
Ather Energy started in 2013, founded by Tarun Mehta and Swapnil Jain. It’s based in Bengaluru and focuses on electric scooters. The company builds everything from scooters to batteries and charging stations. It’s known for smart tech and green goals.
In Fiscal Year 2024, Ather had a 12% share of India’s electric two-wheeler market. That makes it the third biggest player by sales, with 1,09,577 scooters sold.
Its main products are the Ather 450X and Ather Rizta, offering seven models total. Ather also runs Ather Grid, a network of fast chargers, which sets it apart.
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Financial Performance
Let’s check Ather’s money stats. Here’s how it’s been doing:
| Financial Year | Revenue (₹ crore) | Net Loss (₹ crore) |
|---|---|---|
| FY23 | 1,801.8 | (864.5) |
| FY24 | 1,789.1 | (1,059.7) |
Revenue stayed steady—around ₹1,800 crore. But losses grew from ₹864.5 crore in FY23 to ₹1,059.7 crore in FY24.
Why? Ather is spending big on tech, factories, and growth. Losses aren’t unusual for a company in this phase, but they’re worth watching if you’re thinking of investing.
What’s the IPO Money For?
Ather has plans for the cash it’s raising. Here’s the breakdown:
- New Factory in Maharashtra: ₹927.2 crore
- Paying Off Loans: ₹378.2 crore
- Research and Development: ₹750 crore
- Marketing: ₹300 crore
This money will help Ather build more scooters, improve its tech, and get its name out there. It’s a solid plan to grow, but success depends on how well they pull it off.
Risks to Think About
No investment is risk-free. Here are some things to consider with Ather’s IPO:
- Competition: Ola Electric and TVS Motors are big rivals. They’ve got deep pockets and strong sales.
- Rules and Policies: Government rules on electric vehicles can change. Subsidies might shrink, affecting demand.
- Tech Race: Electric vehicle tech moves fast. Ather needs to keep up, which costs money.
These risks don’t mean avoid the IPO. They just mean you should look closely before jumping in.
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India’s Electric Vehicle Scene
India’s electric vehicle market is heating up. The government wants 30% of vehicles to be electric by 2030, says NITI Aayog. Two-wheelers are leading the charge.
With over 200 million bikes and scooters on the road, going electric could be huge.
Why the push? Fuel prices are high, pollution is a problem, and people care more about the planet. Ather fits right in with its premium scooters aimed at city riders who want green options.
What Makes Ather Special?
Ather has some edges over competitors. Here’s what stands out:
- Tech Control: Ather builds its own batteries, software, and chargers. That keeps quality high.
- Smart Features: Its Atherstack software adds navigation and ride stats. Users love it.
- Brand Power: Ather has loyal fans thanks to good service and a cool image.
- Charging Network: Ather Grid has over 300 fast chargers. That’s a big plus for riders.
These strengths give Ather a solid base to grow from.
How the IPO Could Change Things
This IPO could be a game-changer for Ather. The cash will boost production and tech. It might help Ather grab more market share and maybe even turn a profit down the road.
It’s also a win for early investors. They can cash out some shares. Plus, going public makes Ather more visible. That could bring in new customers and partners.
Ather’s Growth Plan
Ather knows where it’s headed. Its strategy has four parts:
- In-House Design: Ather controls its products from start to finish.
- Software Focus: Atherstack will keep getting better with new features.
- Premium Spot: Ather aims for upscale buyers who want quality.
- Smart Spending: The IPO funds will be used carefully to grow fast.
This plan looks promising if Ather sticks to it.
Expansion on the Horizon
Ather’s not sitting still. It’s building a new factory in Maharashtra to make more scooters. It’s also growing Ather Grid to cover more cities.
And it’s pouring money into R&D for new models and tech. These moves could keep Ather ahead in the race.
Should You Invest?
The IPO has upsides and downsides. Ather’s got a strong brand and a growing market. Experts at CRISIL say electric two-wheeler use could hit 35-40% by 2031. That’s a big opportunity.
But there’s risk too. Losses are high, competition is tough, and the market could shift. Think it over. Talk to a financial advisor. Make sure it fits your goals.
Who’s Running the Show?
Ather’s leaders are key to its story. Tarun Mehta, the CEO, and Swapnil Jain, the CTO, started the company. Both come from IIT Madras with tech know-how.
They’ve got a board with big names like Hero MotoCorp and Tiger Global backing them. This team brings experience and vision.
Partners and Team-Ups
Ather works with others to stay strong. Hero MotoCorp, a two-wheeler giant, is a major investor. That brings industry smarts and reach.
Ather also teams up with IIT Madras for battery research. These ties help Ather innovate and compete.
Bigger Picture for Electric Vehicles
This IPO isn’t just about Ather. It could shake up India’s electric vehicle world. If it does well, other companies might go public too. More money and ideas could flow in. Plus, it might get more people thinking about electric scooters. That’s good for the planet and India’s green goals.
Summing Up
The Ather Energy IPO is a big moment. It’s a chance to invest in a leader in India’s electric scooter market. Ather has cool products, a solid team, and smart plans. But it’s not without risks—competition and losses are real hurdles.
Take your time. Dig into the details. The IPO opens April 28, 2025, with shares at ₹304-₹321. Whether you invest or watch, Ather’s story is worth following.
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