Ather Energy IPO
mainboardlistedAbout the company
Ather Energy, founded in 2013, designs electric two-wheelers (E2Ws), battery packs, and software. It offers two product lines: Ather 450 (performance scooters) and Ather Rizta (family scooters). The company focuses on quality, user experience, and a fast charging network (Ather Grid). In FY24, Ather sold 109,577 E2Ws, holding an 11.5% market share. It plans to expand production capacity to 1.42 million units. Ather's IPO includes a fresh issue of ₹3,100 crore and an offer for sale of 2.2 crore shares.
Strengths
Risks
Financial performance (₹ Cr)
Subscription breakup (final, times)
IPO Roadmap / Timeline
IPO Opens
Completed28 Apr 2025Bidding starts for all investor categories
IPO Closes
Completed30 Apr 2025Last day to place your bid
Basis of Allotment
Completed02 May 2025Share allotment finalised
Refund Initiation
Completed05 May 2025Refunds credited for non-allottees
Credit to Demat
Completed05 May 2025Allotted shares credited to demat account
Listing on Exchange
Completed06 May 2025Shares list on NSE / BSE
Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.
Lot size & minimum investment
| Investor Type | Min Lots | Min Shares | Min Amount | Max Lots | Max Amount | Notes |
|---|---|---|---|---|---|---|
| Retail | 1 | 46 | ₹14,766 | 13 | ₹191,958 | ≤ ₹2,00,000 |
| sHNI (Small HNI) | 14 | 644 | ₹206,724 | 67 | ₹989,322 | ₹2L – ₹10L |
| bHNI (Big HNI) | 68 | 3128 | ₹1,004,088 | 73 | ₹1,077,918 | > ₹10L |
Shares reserved per category & allotment probability
| Category | Reservation | Shares Offered | Amount (₹ Cr) | Shares Bid | Subscribed | Allotment % |
|---|---|---|---|---|---|---|
| QIB | 50% | 47,680,000 | 1490 | 0 | 0.00x | 100% |
| NII | 15% | 14,304,000 | 447 | 0 | 0.00x | 100% |
| Retail | 35% | 33,376,000 | 1043 | 0 | 0.00x | 100% |
Retail is a lottery-based allotment when oversubscribed; QIB/NII get pro-rata. Probability ≈ 1 / subscription times (100% if under-subscribed).
