Ather Energy IPO Date, Review, Price and Key Information

Ather Energy Limited IPO is fully book build issue and total IPO size is ₹3100 crores. The share offering includes a fresh issue of ₹3100 Crores and offer for sale of 22,000,766 Shares.

The dates for the Ather Energy Limited IPO have not been announced yet.

The allotment process is expected to be finalized by [.]. The Ather Energy Limited IPO is scheduled to list on BSE, NSE, with a tentative listing date of [.].

The price band for the Ather Energy Limited IPO has not been announced yet.

Registrar for this IPO is Link Intime India Private Limited and lead managers for Ather Energy Limited IPO are Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited, Nomura Financial Advisory and Securities (India) Private Limited.

IPO Schedule

IPO Open Date	Wednesday, 23 Apr, 2025
IPO Close Date	Friday, 25 Apr, 2025
IPO Allotment Date	Monday, 28 Apr, 2025
Refund Initiation	Tuesday, 29 Apr, 2025
Share credit in Demat	Tuesday, 29 Apr, 2025
Listing Date	Wednesday, 30 Apr, 2025

Key Details

Price Band	TBA
Lot Size	TBA
Face Value	₹1 Per Equity Share
Total Issue Size	₹3,100.00 Crores
Fresh Issue	₹3,100.00 Crores
OFS Issue	22,000,766 Shares
Issue Type	Fresh Issue and Offer for Sale
Listing At	BSE, NSE

Share Reservation

Investor Category	Shares Offered
QIB	75%
Retail	10%
NII/HNI	15%

About Ather Energy Limited Company

Ather Energy is a pioneering Indian electric two-wheeler (E2W) company focused on designing, developing, and manufacturing E2Ws, battery packs, charging infrastructure, software, and accessories. Founded in 2013, Ather is a pure-play EV company designing its products in India. In Fiscal Year 2024, Ather sold 109,577 E2Ws, becoming the third-largest E2W player by volume in India.

Ather products prioritize quality and user experience, with a premium pricing strategy. The Ather 450 line caters to performance scooter enthusiasts, while the Ather Rizta line targets families seeking convenience. The Ather Rizta includes features such as a large seat, WhatsApp notifications, Alexa voice commands, and up to 56L of storage. The Ather Grid, a fast-charging network, and Atherstack, a software suite with features like OTA updates and ride statistics, complements Ather's E2Ws.

Ather's vertically integrated approach to design and key technologies has enabled them to pioneer EV technological advancements, setting new standards for performance, efficiency, and user experience in the E2W market.

Ather Energy Limited Financial Details

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	1913.50	1976.80	818.60
Revenue
Profit After Tax
Net Worth	545.90	613.70	224.90
Reserves and Surplus	545.10	613.10	224.20
Total Borrowing	314.90	485.20	298.40

₹ In Crore

Key Performance Indicator

Basic EPS	Return on Net Worth	Net Asset Value	Debt-Equity Ratio	Return on Equity	Return on Capital Employed
(47)	(194%)	24	-	-	-

Offer Objectives

The document details the shareholding patterns and offer objects of Ather Energy. As of the draft prospectus date, Ather Energy had 32 shareholders.

Major Shareholders: The major shareholders (holding 1% or more) include:

Hero MotoCorp Limited: Holds a significant portion of equity shares on a fully diluted basis (11.50 Crore)
Caladium Investment Pte Ltd: Also holds a substantial number of shares (4.65 Crore)
India-Japan Fund: 3.18 Crore equity shares on a fully diluted basis.
Tarun Sanjay Mehta & Swapnil Babanlal Jain: Each hold 2.05 Crore shares on a fully diluted basis (includes preference shares).

ESOP Scheme: Ather Energy has an ESOP Scheme (Ather Energy ESOP Plan 2024) compliant with SEBI regulations. As of the certificate date(September 9, 2024), there are 1.62 Crore options outstanding. The weighted average exercise price per option is negligible.

Offer Objects (Fresh Issue): The company plans a fresh issue of equity shares aggregating up to ₹3,100 Crore. A Pre-IPO placement of up to ₹620 Crore may be undertaken, subject to compliance with regulations, reducing the fresh issue size. The net proceeds will be utilized for: