Ather Energy IPO Price: 5 Things To Know Before Electric Two Wheeler Maker’s Issue Opens For Subscription

Ather Energy IPO Price: Ather Energy Ltd IPO (Ather Energy IPO) will open for subscription next week on Monday, April 28. Ahead of the opening of the subscription window, here are five key things to know about Ather Energy IPO:

Ather Energy IPO: Price band, Issue Size, Lot Size

Ather Energy IPO is worth Rs 2,980.76 crore and a fresh issuance of 8.18 crore shares amounting to Rs 2,626 crore along with an offer-for-sale of 1.11 crore shares amounting to Rs 354.76 crore.

The Ather Energy IPO price band has been fixed at Rs 304 to Rs 321 per share. Retail investors can apply for the issue by placing bids for a minimum lot size of 46 shares which aggregates to an investment of Rs 13,984.

The minimum lot size for Small Non Institutional Investors (SNII) is 14 lots or 644 shares, which amounts to an investment of Rs 2,06,724. The lot size for Big Non Institutional Investors(bNIIs) is 68 lots or 3,128 shares which translates to an investment of Rs 10,04,088.

Ather Energy has reserved 75 per cent of the net offer size for the Qualified Institutional Buyers category. The two wheeler maker has reserved as much as 10 per cent of the net issue for retail individual investors and 15 per cent of the net issue has been reserved for the Non Institutional Investor (NII) category.

Ather Energy IPO share allotment status is likely to be finalised on Friday, May 2. Subsequent to the allotment of shares, refunds will be initiated for unsuccessful bidders on Monday, May 5 and successful bidders will receive shares of Ather Energy in their demat accounts on the same day. Shares of the Tiger Global backed electric two wheeler manufacturer will debut on the NSE and BSE. The tentative listing date for Ather Energy shares is Tuesday, May 6.

Ather Energy: Key Financials

Ather Energy’s revenue fell more than 0.7 per cent to Rs 1789.1 crore in FY24 against Rs 1,801.8 crore in FY23. The company posted a net loss of Rs 1,059.7 crore in FY24 compared to a loss of Rs 864.5 crore in FY23. The company’s net worth declined over 11 per cent to Rs 545.9 crore from Rs 613.7 crore in FY23.

The electric vehicle maker’s revenue for the ninth month period ended December 31, 2024 stood at Rs 1,617.4 crore and the company’s net loss stood at Rs 577.9 crore. Notably the company’s net worth also fell to Rs 108 crore in the December quarter.

Ather Energy: Key Competitors

The company said in its RHP that it has several competitors in the electric two wheeler manufacturing space such as Ola Electric Mobility Ltd, TVS Motor Company Ltd, Bajaj Auto Ltd, Hero Motocorp Ltd, Greaves Electric Mobility Ltd (Ampere), Okinawa Autotech Private Ltd and Hero Electric Private Ltd.

Ather Energy: Business Model

Ather Energy Ltd said in its RHP that it is a pioneer in the Indian electric two-wheeler (“E2W”) market. The company is a pure-play EV company which sells electric two-wheelers and other related products, such as smart accessories. The company added that most of its parts are made in India, apart from battery packs which are manufactured in-house and portable chargers and motors, which are designed and manufactured by our suppliers. The company added that as per a CRISIL Report it is the third largest player by volume in terms of E2W sales in Fiscal Year 2024 and the fourth largest player in the nine-month period ended December 31, 2024.

About Ather Energy

Ather Energy Ltd was founded in 2013. The company works as a vertically integrated EV manufacturer. The company mentioned in its RHP that it had 265 experience centres and 233 service centres in India as of December 31, 2024. The products manufactured by the company include Ather Grid and Atherstack along with the two-wheelers sold by them.