Ather Energy Limited, a pioneer in the Indian electric two-wheeler (E2W) market, is now coming up with its much-anticipated Initial Public Offering (IPO)! Here's everything you should know before investing. ⚡

📅 Ather Energy IPO Key Dates

• IPO Opening Date: April 28, 2025 (Monday)

• IPO Closing Date: April 30, 2025 (Wednesday)

• Allotment Date (Tentative): May 2, 2025 (Friday)

• Refund Initiation: May 5, 2025 (Monday)

• Shares Credited to Demat: May 5, 2025 (Monday)

• Tentative Listing Date: May 6, 2025 (Tuesday)

💸 Ather Energy IPO Details

• IPO Type: Bookbuilding

• Face Value: ₹1 per share

• Price Band: ₹304 to ₹321 per share

• Lot Size: 46 Shares

• Minimum Investment (Retail): ₹13,984 - Suggested to apply at cut-off price ₹14,766.

• Issue Size: ₹2,981.06 Crores

  • Fresh Issue: ₹2,626.30 Crores (8.18 Crore shares)

  • Offer for Sale: ₹354.76 Crores (1.11 Crore shares)

• Listing At: BSE and NSE

📊 Reservation Details

Note: Employees enjoy a ₹30 discount on the issue price!

📈 Ather Energy Anchor Investment

• Raised: ₹1,340.03 Crores from Anchor Investors

• Bid Date: April 25, 2025

• Lock-in Period for 50% shares: Until June 1, 2025

• Lock-in Period for remaining 50%: Until July 31, 2025

🏭 About Ather Energy Limited

Founded in 2013, Ather Energy Limited is an innovative Indian company specializing in:

• Electric two-wheelers (scooters)

• Battery packs

• Charging infrastructure (Ather Grid)

• Proprietary software platform (Atherstack)

Operations:

• 265 Experience Centres and 233 Service Centres in India.

• International presence in Nepal and Sri Lanka.

• Manufacturing Unit: Hosur, Tamil Nadu with a capacity of 420,000 EVs/year.

Innovation at Core:

• 303 trademarks, 201 designs, and 45 patents globally as of February 2025.

📈 Company Financial Snapshot (in ₹ Crores)

Important: Despite rising revenues, Ather Energy remains loss-making and has significant borrowings.

📌 Objects of the IPO

Ather Energy plans to utilize the IPO proceeds for:

1. Setting up a new E2W factory in Maharashtra - ₹927.2 Cr

2. Repayment of borrowings - ₹40 Cr

3. R&D Investments - ₹750 Cr

4. Marketing Initiatives - ₹300 Cr

5. General corporate purposes

📉 Ather Energy IPO - Should You Apply?

🔎 Expert View (Dilip Davda):
Ather Energy is a pure-play EV company expanding rapidly. However, it posted losses consistently and carries a high debt burden (~₹1121 Cr as of Dec 2024).
This IPO is primarily for long-term investors who believe in India’s EV growth story and are comfortable with risk. Apply cautiously.

🚀 Ather Energy IPO Lot Size Breakdown

📊 Key Metrics

• Market Cap Post IPO: ₹11,955.96 Crores

• Pre-IPO Promoter Holding: 54.61%

• Post-IPO Promoter Holding: 42.09%

• Return on Net Worth (RoNW): -194%

• Pre IPO EPS: -47.00

🏁 Final Thoughts

Ather Energy Limited’s IPO brings excitement for EV enthusiasts but also caution for investors due to losses and debt levels.
If you are a long-term investor ready to ride the electric future, Ather’s IPO could be an interesting addition to your portfolio! 🔋

📢 Tip: Always bid at the cut-off price to maximize allotment chances!