IPO Details
Bidding Dates
To be announced
Minimum Investment
To be announced
Price Range
To be announced
Maximum Investment
To be announced
Retail Discount
To be announced
Issue Size
To be announced
Investor category and sub category
To be announced
About Ather Energy IPO
Ather Energy IPO is a book-built issue comprising a fresh issue of equity shares aggregating up to ₹31,000 million and an offer for sale of up to 22,000,766 equity shares. The IPO dates are yet to be finalised, and the price will be determined through a price band that has not yet been decided. The issue is being managed by Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited, and Nomura Financial Advisory and Securities (India) Private Limited as the book-running lead managers. Link Intime India Private Limited has been appointed as the registrar for the issue.
Investors seeking detailed financial and operational information can refer to the Ather Energy IPO DRHP. This IPO presents an opportunity to invest in a growing enterprise that is set to be listed on both the NSE and BSE.
Industry Outlook
- India’s electric vehicle industry is growing rapidly due to increasing environmental concerns, favourable government policies, and advancements in battery technology. The demand for electric two-wheelers is rising as consumers seek cost-effective and sustainable alternatives to conventional fuel-powered vehicles.
- Government incentives such as the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme, along with state-level subsidies, are encouraging the adoption of electric mobility. The expansion of charging infrastructure and improvements in battery efficiency are also driving market penetration.
- The industry is attracting significant investments from both domestic and international players, with automakers and startups focusing on innovation, localisation of supply chains, and enhanced product offerings.
- Rising fuel prices and stricter regulatory norms are pushing for lower emissions, accelerating the transition to electric mobility. Growing consumer awareness and technological advancements are making electric two-wheelers a more viable option, positioning the sector for sustained growth.
Ather Energy IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- The company will utilise a significant portion of the funds to expand its manufacturing and operational capabilities, investing in advanced infrastructure to meet the growing demand for electric two-wheelers. This includes scaling production capacity, improving supply chain efficiency, and expanding its market reach.
- A portion of the proceeds will be allocated to research and development, focusing on technological advancements, battery efficiency improvements, and innovative mobility solutions to enhance product performance and sustainability.
- Funds will be directed towards repaying or prepaying outstanding borrowings, reducing financial liabilities, and strengthening the company’s balance sheet to improve overall financial stability and cash flow management.
- The remaining proceeds will be used for general corporate purposes, including working capital requirements, business expansion initiatives, and other strategic objectives aligned with the company’s long-term growth vision.
About Ather Energy Limited
Ather Energy Limited was originally incorporated as Ather Energy Private Limited on October 21, 2013, and became a public limited company on August 27, 2024. Headquartered in Bangalore, Karnataka, the company is a leading player in India's electric vehicle industry, specialising in the design, development, and manufacturing of premium electric two-wheelers. Since its inception, Ather Energy has focused on creating high-performance, sustainable mobility solutions, integrating advanced technology and innovation into its products.
The company has developed a strong presence in the Indian market with its flagship electric scooters, supported by a robust charging infrastructure network known as Ather Grid. With state-of-the-art manufacturing facilities and in-house research and development capabilities, Ather Energy continues to push the boundaries of electric mobility. Committed to sustainability and technological excellence, the company collaborates with key industry stakeholders to drive the adoption of clean energy transportation in India.
How To Check the Allotment Status of the Ather Energy IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
How To Apply for Ather Energy IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Ather Energy IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
Contact Details of Ather Energy IPO
Registered Office:
3rd Floor, Tower D, IBC Knowledge Park, #4/1 Bannerghatta Main Road, Bangalore 560 029, Karnataka, India
Phone: +91 80 6646 5750
E-mail: cs@atherenergy.com
Know before investing
Strengths
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Experienced promoters with a strong background in the electric vehicle industry, bringing expertise in innovation, technology, and sustainable mobility solutions.
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Headquartered in Bangalore, a hub for technology and automotive innovation, providing access to skilled talent, research facilities, and key markets.
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A well-established brand in the premium electric two-wheeler segment, supported by a growing customer base and a strong reputation for performance and reliability.
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Increasing demand for electric mobility driven by government initiatives such as the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme and state-level subsidies.
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Expanding charging infrastructure through Ather Grid, enhancing the accessibility and convenience of electric vehicle ownership across India.
Risks
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The electric vehicle industry is highly competitive, with established players and new entrants continuously innovating, which could impact Ather Energy’s market share and pricing power.
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Dependence on battery technology and raw material availability, particularly lithium-ion cells, poses a risk due to supply chain disruptions, price volatility, and reliance on imports.
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Government incentives and subsidies play a crucial role in driving EV adoption, and any reduction or withdrawal of these benefits could affect demand for electric two-wheelers.
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Expansion of charging infrastructure is still in progress, and inadequate charging networks may hinder mass adoption and limit the company’s growth potential.
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Fluctuations in input costs, including raw materials, manufacturing, and logistics, could impact profit margins, especially in a price-sensitive market like India.
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Ather Energy IPO FAQs
Ather Energy IPO is a 100% book-built issue IPO. The exact bidding dates are yet to be announced.
The Basis of Allotment has not been announced yet.
The IPO subscription window has not been announced yet.
The minimum lot size retail investors can subscribe to has not been announced yet.
The listing date for Ather Energy Limited has not been announced yet.
The issue size of Ather Energy IPO has not been announced yet.
The IPO opening and closing dates are yet to be announced.
Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.
- Multiple Submissions: Use different Demat accounts to make multiple applications.
- Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.
- Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.
You must complete the payment process by logging in to your UPI handle and approving the payment mandate.
You can submit only one application using your PAN card.
To read Ather Energy’s financial statements, download the IPO’s DRHP document.
Pre-apply allows investors to apply for the Ather Energy IPO two days before the subscription period opens, ensuring an early submission of your application.
Your order will be placed when the IPO opens for bidding, and a UPI request will follow within 24 hours.
You will receive a notification once your order is successfully placed with the exchange after the bidding starts.
Link Intime India Private Limited is the registrar managing the IPO allotment process and handling investor-related queries.
Ather Energy IPO is proposed to be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
