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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the Ather Energy Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹321
Per ShareLot Size
46 Shares
Minimum Investment
₹14,766
Issue Size
₹2,980.8 Cr
Face Value
₹1
Per ShareIPO Type
Book Building
Retail Quota
10%
QIB Quota
75%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
52.67%
Promoter Holding (Post-Issue)
42.09%
Issue Type
Book Building
ISIN
INE0LEZ01016
We are a pure play EV company that sells E2Ws and the associated product ecosystem, comprised of our software, charging infrastructure and smart accessories, all of which are conceptualised and designed by us in India. We manufacture battery packs in-house using lithium-ion cells procured from suppliers and outsource the manufacturing of all other vehicle components, such as electronics and chassis. We procure chargers and motors used in our E2Ws from our suppliers who design and manufacture them. We assemble our E2Ws in-house. Our E2W portfolio comprises two product lines, the Ather 450 and the Ather Rizta, with seven variants. The Atherstack, our in-house developed software, provides features related to navigation, analytics, ride assistance, safety and productivity, and is integrated with our product ecosystem. Our products are positioned at premium prices in their respective segments.
According to the CRISIL Report, India is the largest global motorised 2W market by volume with 18.4 million units sold in Fiscal Year 2024, of which 16% were exports. In the nine months ended December 31, 2024, exports accounted for 17% of the overall 2W sales in India. There is increasing preference for premium vehicles within the 2W industry, with a growth in market share of motorcycles and scooters with an engine capacity of 125 cc and beyond between Fiscal Years 2019 and 2024. The launch of EVs at competitive prices with advanced features is accelerating E2W growth, which is expected to reach 10.3 - 12.3 million units by Fiscal Year 2031. The sharp increase in EV launches, favourable government support, continuation of incentives and benefits, faster momentum in infrastructure development, further lowering of battery prices and improving local value chain is expected to enable a faster shift towards electrifications. Such electrification and premiumisation trends present a large domestic and international opportunity for E2W players.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 92,867,945 equity shares of face value of Re. 1 each ("Equity Shares") of Ather Energy Limited (The "Company" or the "Issuer") for cash at a price of Rs. 321^ per equity share including a securities premium of Rs. 320^ per equity share (the "Offer Price") aggregating up to Rs. 2980.80 crores^ (the "Offer"). The offer comprises a fresh issue of 81,816,199 equity shares of face value of Re. 1 by the company aggregating to Rs. 2626.00 crores^ (the "Fresh Issue") and an offer for sale of 11,051,746 equity shares of face value of Re. 1 each aggregating up to Rs. 354.80 crores comprising of 980,000 equity shares of face value of Re. 1 each aggregating to Rs. 31.46 crores by Tarun Sanjay Mehta, 980,000 equity shares of face value of Re. 1 each aggregating to Rs. 31.46 crores by Swapnilbabanlal Jain (together the "Promoter Selling Shareholders"), 6,003,460 equity shares of face value of Re. 1 each aggregating to Rs. 192.71 crores by Caladium Investment Pte Ltd, 2,634,514 equity shares of face value of Re. 1 aggregating to Rs. 84.57 crores by National Investment and Infrastructure fund ii, 400,000 equity shares of face value of Re. 1 each aggregating to Rs. 12.84 crores by Internet Fund iii pte. ltd., 31,050 equity shares of face value of Re. 1 each aggregating to Rs. 1.00 crores by iitm incubation cell, 4,191 equity shares of face value of Re. 1 each aggregating to Rs. 0.14 crores by iitms ruraltechnology and business incubator (together the "Corporate Selling Shareholders") and 18,531 equity shares of face value of Re. 1 each aggregating to Rs.0. 60 crores by Amit Bhatia ("Individual Selling Shareholder", and together with the promoter selling shareholders and the corporate selling shareholders referred to as the "Selling Shareholders"). ^A Discount of Rs. 30 per equity share was offered to eligible employee bidding in the employee reservation portion.
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
Our Company was originally incorporated as "Ather Energy Private Limited" as a private limited company under the provisions of the Companies Act, 1956, pursuant to a certificate of incorporation dated October 21, 2013, issued by the Registrar of Companies, Tamil Nadu, Chennai, Andaman and Nicobar Islands. Pursuant to a change in the registered office of our Company, a certificate of registration dated May 31, 2016, was issued by the Registrar of Companies, Karnataka at Bangalore. Upon the conversion of our Company into a public limited company, pursuant to a board resolution dated June 18, 2024, and a shareholders' resolution dated June 21, 2024, the name of our Company was changed to "Ather Energy Limited", and a fresh certificate of incorporation dated August 27, 2024 was issued by the Registrar of Companies, Central Processing Centre.
Wholesaler and Retailer
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.