The Indian Electric Vehicle (EV) story is entering an exciting new chapter in the form of Ather Energy, a major electric two-wheeler (E2W) manufacturer, who is ready for its highly anticipated IPO. Known for innovative-operated scooters such as Ather 450X and a strong focus on connected technologies, Ather Energy is now inviting investors to be part of their journey.
The Ather Energy IPO opens for membership on April 28, 2025, and will be closed on 30 April 2025. For those wishing to apply for IPOs, here is a complete guide – to check the status of IPO allocation from major details, pricing and very size.
Ather Energy IPO Details at a Glance
The public issue of Ather Energy is a book-beding IPO, priced at ₹ 2,980.76 crore, with a new issue of ₹ 2,626 crore and a proposal-selling component of ₹ 354.76 crore. The IPO price band is set between ₹ 304 and ₹ 321 per share.
How to Apply for Ather Energy IPO
Applying for the Ather Energy IPO is simple. Retail investors can use UPI or ASBA-supported applications via their broker platforms. Here’s a simple step-by-step guide:
Login to your trading account (broker’s app or website).
Navigate to the ‘IPO’ section – usually listed in the main menu
Check the list of ‘Open IPOs’ and select Ather Energy IPO.
Enter the quantity you wish to apply for, in lots (minimum 1 lot = 46 shares).
Provide your UPI ID linked to your bank account.
Submit the IPO application and approve the UPI mandate request you receive on your UPI app to block the required amount.
Ather Energy IPO Allotment Status: How to Track
The IPO allotment status will be finalized by May 2, 2025. Investors can check their allotment through Link Intime India’s website by entering their PAN, application number, or Demat account details.
Important dates to remember:
Tentative Allotment: May 2, 2025
Refunds Initiation: May 5, 2025
Shares Credited to Demat: May 5, 2025
Listing Date: May 6, 2025
About Ather Energy: Pioneering India’s Electric Mobility
Founded in 2013, Ather Energy has carved a distinct niche in India’s electric mobility landscape. With a focus on in-house design, manufacturing, and connected software ecosystems, Ather is among the few vertically integrated EV players in the country.
Highlights include:
Over 1,07,000 electric scooters sold by December 2024
265 experience centres and 233 service centres across India, with expansions into Nepal and Sri Lanka
Ather Grid: India’s first public fast-charging network for two-wheelers
Atherstack: Proprietary software platform enabling 64 connected features
Manufacturing hub in Hosur, Tamil Nadu, with an annual capacity of 4,20,000 vehicles and 3,79,800 battery packs
Ather’s vision rests on four pillars: product innovation, vertically integrated design, premium positioning, and capital efficiency.
Objective of the Ather Energy IPO Issue
The objective of the Ather Energy IPO issue is to raise funds to support its expansion and innovation goals. An important part of the income will be used to establish a new manufacturing facility in Maharashtra, which will increase its production capacity for two -wheelers of electricity.
The company plans to invest heavy in research and development to run innovation and product advancement. Additionally, funds will be allocated for marketing initiative to promote brand visibility and customer access, as well as repay some borrowings, which will strengthen the company’s financial position. The remaining income will be used for general corporate purposes.
The funds raised will be primarily used for:
Setting up a new manufacturing facility for E2Ws in Maharashtra
Repayment/Pre-payment of the existing debt
Investments in research and development
Strengthening marketing and brand initiatives
General corporate purposes
These investments are aimed at fuelling Ather’s next phase of growth and product innovation.
Final Thoughts: Should You Apply for Ather Energy IPO?
Ather Energy IPO presents a compelling opportunity for investors who believe in India’s Electric Mobility Story. With a strong brand equity, a strong product portfolio, and a clear focus on software-powered innovation, Ather can be well deployed for future development.
However, given the company’s current loss-making status and high competition in EV space, investors should carefully assess their risk hunger before deciding to apply for IPOs.
If you are planning to participate, remember to track the position after the IPO allocation situation and make sure that if you are planning to participate, your application is complete before the time limit.
