Ather Energy IPO To Open On April 28; Check All Key Details Here.

As the Indian Stock market regains momentum, the two-month silence in the Mainboard IPO space is finally coming to an end. Ather Energy is all set to electrify Dalal Street with its much-awaited IPO debut. 

Key Details About the IPO

• Subscription Period: The Bengaluru-based electric scooter maker will open its IPO for public subscription on April 28, 2025 and close on April 30, 2025. 
• Price Band: The price band is set at ₹304–₹321 per share.
• Anchor Investors Bidding: Anchor investors are scheduled to participate in a private placement on April 25, 2025. 
• IPO Size: The Ather Energy IPO is a combination of a fresh issue and an OFS (Offer For Sale) component.
  As per the RHP (Red Herring Prospectus) filed on April 22, 2025, the company has reduced the fresh issue size to ₹2,626 crores from ₹3,100 crores. Likewise, the Offer for Sale size has also decreased from 22,000,766 Equity Shares to 11,051,746 Equity Shares. 
• Use of Proceeds: The proceeds from the OFS will go directly to the selling shareholders, and the company will not receive any amount from this offer.
  While the proceeds from the Fresh Issue will be used towards
  • Set up a new electric two-wheeler (E2W) manufacturing facility in Maharashtra.
  • Repayment of borrowings
  • Invest in marketing, branding, research, innovation, and product development.
  • General corporate purposes.
• Book-running lead managers: Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited, and Nomura Financial Advisory and Securities (India) Private Limited. 

About Ather Energy

Founded in 2013 by Tarun Mehta and Swapnil Jain, Ather Energy is a leading name in India’s electric two-wheeler (E2W) segment. The company designs and develops premium electric scooters, battery packs, connected software, charging infrastructure, and accessories.

In FY24, Ather sold over 1.09 lakh E2Ws and became the third-largest electric scooter brand by volume, as stated in the CRISIL Report. 

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