Ather Energy IPO Everything You Need to Know Before Applying

Ather Energy IPO is a significant milestone for the company, and if you're considering applying, here are the key facts to know.

The IPO is expected to raise Rs 2,000 crores, which will be used to expand the company's electric two-wheeler business and finance new projects.

Ather Energy has reported a revenue growth of 300% in the last three years, indicating a strong financial performance.

The company has a strong presence in the electric two-wheeler market, with a market share of around 20%.

The IPO will offer a unique opportunity for retail investors to invest in a growing company with a strong brand and product portfolio.

The company's products, including the Ather 450 and Ather 340, have received positive reviews from customers and critics alike.

Ather Energy has a strong distribution network, with over 100 dealerships across the country.

The company has also partnered with various state governments to promote electric two-wheelers and provide incentives to customers.

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The IPO is expected to be listed on both the NSE and BSE, providing investors with liquidity and flexibility.

The company's financials are expected to be strong, with a revenue growth rate of around 50% YoY.

The IPO will be a great opportunity for investors to invest in a company with a strong growth potential and a unique product portfolio.

The Ather Energy IPO was listed on the stock exchanges on May 6, 2025.

The listing date is a crucial piece of information for investors to note, as it marks the beginning of the stock's trading life.

You can find the Ather Energy IPO listed on the BSE with script code 544397 and on the NSE with the symbol ATHERENERG.

The ISIN for the IPO is INE0LEZ01016, which is a unique identifier for the stock.

The final issue price for the IPO was ₹321 per share, a significant figure for investors who participated in the offer.

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The listed price of the stock was ₹328, showing a listing gain of 2.18% compared to the issue price.

Here's a breakdown of the IPO shares offered to different investor categories:

Ather Energy's financial information shows a significant increase in total assets from ₹818.60 crore in FY 2022 to ₹2,172.00 crore in FY 2024.

The company's total income also saw a substantial growth, from ₹413.80 crore in FY 2022 to ₹1,617.40 crore in FY 2024.

According to the balance sheet, Ather Energy's net worth stood at ₹108.00 crore as of FY 2024.

Here's a breakdown of Ather Energy's financial performance over the years:

You can check the status of your Ather Energy IPO application by visiting the website of Link Intime Private Ltd and following the steps outlined in the instructions.

The financial information of Ather Energy Limited is quite telling. Its assets have been increasing steadily, from ₹818.60 crore in FY 22 to ₹2,172.00 crore in FY 24.

The company's total income has also been growing, from ₹413.80 crore in FY 22 to ₹1,617.40 crore in FY 24. However, its profit after tax has been negative in all the given periods, ranging from ₹-344.10 crore in FY 22 to ₹-577.90 crore in FY 24.

Here's a breakdown of the company's financial information in the given periods:

Ather Energy Ltd has a strong foundation in pioneering new technologies, having filed 273 patents, 219 design registrations, and 392 trademarks, with 45 patents, 291 trademarks, and 199 design registrations already granted.

Its focus on quality and user experience enables it to position its E2Ws at a premium price within both the performance and convenience scooter segments.

The company has a vertically integrated approach to product design, giving it control over the design of key components of its E2Ws and accessories, including the underlying software.

This control enables speed to market, quality control, cost management capabilities, access to partnerships with large technology companies, and the ability to deliver an improved user experience.

Ather's software-defined ecosystem, powered by the in-house developed Atherstack, aims to improve user experience and drive customer engagement.

As of March 31, 2024, 89% of customers who purchased the company's E2Ws also purchased access to the advanced features of the Atherstack.

The company's technology platform, comprising its battery, powertrain, electronics, chassis, and Atherstack, serves as the backbone of its entire product lineup.

Ather's scooters based on the 450 platform have clocked 3.2 billion kilometers since launch, demonstrating the scalability and reliability of its technology platform.

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Ather Energy Ltd is a pioneer in the Indian electric two-wheeler market. It's a pure-play EV company that designs all its products from scratch in India.

The company was the third-largest player by volume of E2W sales in FY 2024, according to the CRISIL Report.

Ather Energy Ltd is a pioneer in the Indian electric two-wheeler market, and it's a pure-play EV company that designs all its products ground up in India.

The company was the third-largest player by volume of E2W sales in FY 2024, according to the CRISIL Report.

Ola Electric Mobility Ltd is a notable player in the industry, but Ather Energy Ltd takes the spotlight as a pioneer in the Indian electric two-wheeler market.

Ather Energy Ltd's focus on designing products in India from the ground up is a testament to its commitment to the local market.

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The CEO of Ather Energy is Tarun Mehta, who co-founded the company in 2013. He's been at the helm since the company's inception.

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Ather Energy Ltd has made significant strides in the electric two-wheeler market, with its products being the third-largest player by volume of sales in FY 2024, according to the CRISIL Report.

The company's sales volumes have increased steadily, from 23,402 in FY 2022 to 92,093 in FY 2023, and then to 109,577 in FY 2024.

Ather's revenue from operations has also seen a substantial growth, rising from ₹ 408.90 crores in FY 2022 to ₹ 1753.80 crores in FY 2024.

Here's a breakdown of the company's sales volumes over the years:

Ather's market share in the electric two-wheeler segment has also increased, from 7.9% in FY 2022 to 11.5% in FY 2024.

Ather Energy Ltd is a company that designs and develops electric two-wheelers (E2Ws), battery packs, and charging infrastructure. It also creates associated software and accessories.

The company manufactures its battery packs in-house, which suggests a focus on vertical integration to control costs and improve quality. This approach allows Ather Energy to have more control over the production process.

Ather Energy sold 109,577 E2Ws in the fiscal year 2024, indicating a significant increase in sales compared to previous years.

The company's business model is centered around the development and sale of E2Ws, battery packs, and related products.

Ather Energy IPO Share Offer Details are quite straightforward. The company has reserved not less than 75% of the net offer for Qualified Institutional Buyers (QIBs). This means they're looking to raise a significant amount of money from institutional investors.

The QIB share offer is substantial, with 6,95,75,960 shares offered, which accounts for 74.92% of the total shares on offer. Anchor investors have also been allocated a significant portion, with 4,17,45,576 shares offered, making up 44.95% of the QIB share offer.

Here's a breakdown of the shares offered to different investor categories:

The Ather Energy IPO has a total of 9,28,67,945 shares on offer, making it a significant share offer. This is broken down into various categories, including QIBs, Non-institutional Investors (NIIs), Retail-individual Investors (RIIs), and Employees.

The QIBs category has a minimum of 75% of the net offer, which is a substantial portion of the total shares on offer. The Non-institutional Investors (NIIs) category has a maximum of 15% of the net offer, while the Retail-individual Investors (RIIs) category has a maximum of 10% of the net offer.

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Here's a breakdown of the shares offered to each category:

The share offer also includes a separate category for Anchor Investors, which has a maximum of 44.95% of the total shares on offer. The QIB (Ex. Anchor) category has a maximum of 29.97% of the total shares on offer. The Retail category has a maximum of 9.99% of the total shares on offer, with a maximum of 2,01,669 allottees.

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The Ather Energy IPO listing date is May 6, 2025, and the BSE script code is 544397. The NSE symbol is ATHERENERG, and the ISIN is INE0LEZ01016.

To apply for the Ather Energy Ltd IPO, you'll need to follow these steps: Log in to your Kotak Securities Demat account and select the current IPO section.Specify the IPO details, including the number of lots and price you wish to apply for.Enter your UPI ID and click submit to place your bid with the exchange.Approve the mandate request on your UPI app to block funds.

The IPO opens on April 28, 2025, and closes on April 30, 2025, with the tentative listing date being May 6, 2025. The UPI mandate deadline is also April 30, 2025, at 5 PM.

The Ather Energy IPO has been successfully listed on the stock exchanges. The listing date is May 6, 2025.

You can find the Ather Energy IPO listing details on the BSE and NSE websites. The BSE script code is 544397, and the NSE symbol is ATHERENERG.

The ISIN for Ather Energy is INE0LEZ01016, and the final issue price is ₹321 per share. The listing group for both BSE and NSE is EQ(Rolling) and B(Rolling) respectively.

You can check the listing details on the BSE website by visiting the "Investor Services" section and choosing "Application Status Check".

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To apply for the Ather Energy IPO, you'll need to log in to your Kotak Securities Demat account and select the current IPO section. The IPO opens on April 28, 2025, and closes on April 30, 2025.

The lot size for the Ather Energy IPO is 46 shares, and the minimum order quantity is the same as the lot size. This means you can't apply for less than 46 shares.

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To apply, enter the number of lots and the price you wish to apply for. You'll also need to enter your UPI ID, which will receive a mandate notification to block funds. Your funds will be blocked once you approve the mandate request on your UPI.

Here's a step-by-step guide to applying for the Ather Energy IPO:

1. Log in to your Kotak Securities Demat account

2. Select the current IPO section

3. Enter the number of lots and the price you wish to apply for

4. Enter your UPI ID

5. Approve the mandate request on your UPI

You'll know whether your order is placed within 3 to 4 days after the IPO subscription period ends, as the allotment process will be completed by then.

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Ather Energy Ltd faces several risks that could impact its business. Negative cash flows from operations since incorporation are a concern.

The company's limited product line, with only two products, makes it heavily reliant on the sales of the Ather 450X. This concentration of sales can be a risk if demand for this product slows down.

Ather Energy Ltd's future growth depends on the demand for and adoption of electric two-wheelers. If the market does not develop as expected, its business and prospects will be affected.

The retail prices of the company's electric two-wheelers are susceptible to a reduction or elimination of government incentives. This could lead to increased retail prices, affecting customer demand and the company's business.

Any disruptions in the availability of lithium-ion cells could cause significant disruptions to Ather Energy Ltd's business operations.

Here are some key risks to consider:

Ather Energy Ltd has faced negative cash flows from operations since its incorporation, which is a significant risk for the company. This means that it's been struggling to generate enough cash from its operations to sustain itself.

The company is heavily reliant on the sales of its Ather 450X product, which is one of only two products it currently offers. If demand for this product slows down or if the company is unable to sell it at a good price, its business will be severely impacted.

Ather Energy Ltd is also heavily dependent on its key management team. If any of these key individuals leave the company or if there are changes in the management team, it could have a negative impact on the company's operations and future prospects.

Here are some specific risks that Ather Energy Ltd faces:

The Ather Energy IPO has a substantial issue size of approximately 9,28,58,599 shares, aggregating up to ₹2,980.76 Cr. This is a significant amount of capital being raised by the company.

The company plans to utilize the net proceeds from the issue towards various objects, including capital expenditure to establish an E2W factory in Maharashtra, India, which will cost around ₹927.20 Cr.

Ather Energy has significant borrowings of ₹1121+ Cr as of December 31, 2024, which is a major concern. This is a substantial amount of debt that the company will need to manage.

The company's financial performance has been weak, with losses reported in the past, and a carried-forward huge chunk of losses. This raises questions about the company's ability to generate profits and reduce its debt.

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Here's a breakdown of the objects of the issue:

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The Ather Energy IPO is scheduled to open for subscription on April 28, 2025. This is a crucial milestone for the company, marking the beginning of its journey to raise funds through the public issue.

The IPO has a reserved portion for various categories, including institutional, HNI (₹2L+), retail (upto ₹2L), and employees. The subscription numbers as of 5:00 PM on 30 Apr 2025 are also available, showing the level of interest from different investor categories.

Here's a breakdown of the subscription numbers as of 5:00 PM on 30 Apr 2025:

The Ather Energy IPO is expected to list on May 6, 2025, with a listing price of ₹328, representing a 2.18% gain from the issue price of ₹321.

The allotment date for the Ather Energy IPO is May 2, 2025. This is the date when investors will know if they've been allocated shares in the IPO. The IPO is expected to open for subscription on April 28, 2025.

Subscription Figures are a key indicator of a company's success and popularity. As of April 30, 2025, Ather Energy's subscription numbers are quite impressive.

The company has a total of 533.63 lakhs of subscribers reserved, with 752.87 lakhs of applications received. This shows a strong demand for the company's products or services.

Breaking down the subscription figures, we can see that Institutional subscribers make up a significant portion, with 289.27 lakhs reserved and 486 applications received. This is a 1.68x subscription rate.

High-Net-Worth Individuals (HNIs) with investments above ₹2L also show a strong interest, with 146.01 lakhs reserved and 95.32 lakhs applications received, resulting in a 0.65x subscription rate.

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Retail subscribers, on the other hand, have a 1.70x subscription rate, with 97.34 lakhs reserved and 166.31 lakhs applications received.

Interestingly, Employee subscribers have a 5.22x subscription rate, with only 1 reserved and 5.22 lakhs applications received.

Here's a summary of the subscription figures as of April 30, 2025: