The Indian stock market is picking up pace again, and after a two-month break, the Mainboard IPO space is back in action. Ather Energy is all set to launch its highly anticipated IPO, bringing excitement to Dalal Street.
Key Information About the Ather Energy IPO
Ather Energy, a company based in Bengaluru, will open its IPO for public subscription from April 28, 2025 to April 30, 2025. The price range for the IPO is set between ₹304 and ₹321 per share.
Anchor investors are scheduled to join the private placement of shares on April 25, 2025.
The Ather Energy IPO will consist of both a fresh issue and an Offer for Sale (OFS) component. According to the Red Herring Prospectus (RHP) filed on April 22, 2025, the company has reduced the size of the fresh issue from ₹3,100 crores to ₹2,626 crores. The Offer for Sale (OFS) size has also been decreased from 22,000,766 equity shares to 11,051,746 equity shares.
It’s important to note that the proceeds from the Offer for Sale will go directly to the selling shareholders, and Ather Energy will not receive any funds from this part of the IPO.
Key Investors and Partners
Ather Energy has partnered with several prominent financial institutions to manage the IPO process. These include:
- Axis Capital Limited
- HSBC Securities and Capital Markets (India) Private Limited
- JM Financial Limited
- Nomura Financial Advisory and Securities (India) Private Limited
About Ather Energy
Founded in 2013 by Tarun Mehta and Swapnil Jain, Ather Energy has become a leading player in India’s electric two-wheeler (E2W) market. The company designs and manufactures high-end electric scooters, battery packs, connected software, charging stations, and related accessories.
In FY24, Ather Energy sold over 1.09 lakh electric two-wheelers (E2Ws), becoming the third-largest electric scooter brand in India by sales volume, according to the CRISIL Report.
