Aether Energy IPO Set to Open on April 28: Price Band Fixed at ₹304 to ₹321 Per Share

Aether Energy IPO is set to open on April 28 and will close on April 30, 2025. Aether Energy Limited submitted its Red Herring Prospectus (RHP) on April 22, 2025. Aether Energy IPO allotment is expected to be finalised on May 2, 2025, and will be listed on BSE and NSE with a tentative listing date of May 6, 2025.

The company has appointed Axis Capital Limited, HSBC Securities & Capital Markets Pvt Ltd, JM Financial Limited, Nomura Financial Advisory and Securities (India) Pvt Ltd as the book running lead managers, while Link Intime India Private Ltd is the registrar for the issue.

Aether Energy IPO Details

The ₹2,980.76 crore Ather Energy IPO comprises a fresh issue of 8.18 crore shares aggregating to ₹2,626.00 crore and an offer for sale of 1.11 crore shares aggregating to ₹354.76 crore. The price band for this upcoming IPO has been set at ₹304 to ₹321 per share. The minimum lot size for an application is 46, and the minimum amount of investment required by retail investors is ₹13,984.

Aether Energy IPO: Use of Funds

• Capital expenditure to be incurred by the Company for the establishment of an E2W factory in Maharashtra, India.

• Repayment/ pre-payment, in full or part, of certain borrowings availed by the Company.

• Investment in research and development.

• Expenditure towards marketing initiatives.

• General corporate purposes.

About Aether Energy Limited

Started in 2013, Ather Energy Limited is an Indian electric two-wheeler (E2W) company, which designs, develops, of electric scooters via its in-house assembly of electric scooters, battery packs. The company is also involved in providing charging infrastructure and supporting software systems. The company operates as a vertically integrated EV manufacturer with a focus on product and technology development.

The company sold 1,07,983 E2Ws and 1,09,577 E2Ws in the 9M ended December 31, 2024, and FY24, respectively.

As of December 31, 2024, the company owns 265 experience centres and 233 service centres in India. In addition, it has 5 experience centres and 4 service centres in Nepal, and 10 experience centres and 1 service centre in Sri Lanka.

The company’s product ecosystem includes Ather Grid, a public fast-charging network for two-wheelers, and Atherstack, a proprietary software platform with 64 connected features as of July 2024.

Also Read: Ather Energy IPO: A Comparison with Ola Electric, Hero, TVS, and Bajaj Auto

Conclusion

With the scheduled launch of IPO, Aether Energy is set to become a publicly listed company and will compete with listed players like Ola, TVS Motors and others.

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