Ather Energy’s IPO includes 1.81 Cr new shares (₹2,626 Cr) & 1.10 Cr OFS (₹354.76 Cr) to fund E2W factory, R&D, debt repayment, marketing & general use.
Open Date : April 28, 2025 Close Date : April 30, 2025 Allotment Date: May 2, 2025 Listing Date: May 5, 2025
IPO Price: INR 304-321 per share Lot Size: 46 Shares. Total Issue Size: INR 2,980.76 cr
Ather Energy IPO shows mixed performance: 1. Strong revenue growth, Rising liabilities. 2. Declining profitability, Liquidity issues . 3. Weak inventory turnover. 4. Falling ROE and EPS.
Ather Energy IPO Peer Comparison: 1. Ather sees steady revenue growth 2. Peers (Hero, Bajaj, TVS) outperform in profits and returns. 3. Ather trails in key financial metrics.
Ather Energy Objective: 1. Set up E2W factory in Maharashtra. 2. Repay borrowings,Invest in R&D. 3. Fund marketing to boost growth and innovation.
Ather Energy IPO Risks: 1. Losses from high investment costs. 2. Profitability tied to scale and expansion. 3. Slow EV adoption limits growth. 4. Strong competition, Infrastructure hurdles.