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Open
28 Apr 2025
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Close
30 Apr 2025
3
Allotment
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Listing
Tue, May 6, 2025
Price Band
₹304 to ₹321
Issue Size
9,28,67,945 shares (agg. up to ₹2,981 Cr)
Lot Size
46 Shares
Listing Date
Tue, May 6, 2025
Latest GMP
₹12
Est. Gain
3.74%
✦ AI Insight
GMP Trend
06-05-2025₹12Est. ₹333+3.74%
05-05-2025₹14Est. ₹335+4.36%
04-05-2025₹7Est. ₹328+2.18%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 1.26x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 2,172.00 | 1,913.50 | 1,976.80 | 818.60 |
| Total Income | 1,617.40 | 1,789.10 | 1,801.80 | 413.80 |
| Profit After Tax | -577.90 | -1,059.70 | -864.50 | -344.10 |
| NET Worth | 108.00 | 545.90 | 613.70 | 224.90 |
| Reserves and Surplus | 104.10 | 545.10 | 613.10 | 224.20 |
| Total Borrowing | 521.60 | 314.90 | 485.20 | 298.40 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Ola Electric Mobility Ltd. | Mainboard | ₹6,145.56 Cr | ₹76 | -17.69 | ₹91.20 | +20.00% | ₹39.90 (-1.75%) |
| Delta Autocorp Ltd. | SME | ₹54.60 Cr | ₹130 | 18.03 | ₹167.25 | +28.65% | ₹34.45 (-0.29%) |
| Tunwal E-Motors Ltd. | SME | ₹115.64 Cr | ₹59 | 20.71 | ₹60.80 | +3.05% | ₹26.00 (+0.78%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Capital expenditure to be incurred by the Company for establishment of an E2W factory in Maharashtra, India. | 927.20 |
| 2 | Repayment/pre-payment, in full or part, of certain borrowings availed by the Company. | 40.00 |
| 3 | Investment in research and development. | 750.00 |
| 4 | Expenditure towards marketing initiatives. | 300.00 |
| 5 | General Corporate Purposes | 492.20 |
| 6 | Issue Expenses | 132.80 |
| Total | 2,642.20 |
About Ather Energy IPO
Ather Energy Limited, incorporated in 2013, is an Indian electric two-wheeler (E2W) company engaged in the design, development, and in-house assembly of electric scooters, battery packs, charging infrastructure, and supporting software systems. The company operates as a vertically integrated EV manufacturer with a focus on product and technology development. The company sold 107,983 E2Ws and 109,577 E2Ws in the nine months ended December 31, 2024 and Fiscal Year 2024, respectively. As of December 31, 2024, we had 265 experience centres and 233 service centres in India, five experience centres and four service centres in Nepal, and ten experience centres and one service centre in Sri Lanka. The company's product ecosystem includes Ather Grid, a public fast-charging network for two-wheelers, and Atherstack, a proprietary software platform with 64 connected features as of July 2024. Manufacturing is carried out at the Hosur Factory in Tamil Nadu, which had an annual installed capacity of 420,000 electric vehicles and 379,800 battery packs as of March 2024. As of February 28, 2025, globally, the company had 303 registered trademarks, 201 registered designs and 45 registered patents, in
Contact Details
Ather Energy Ltd. Address3 rd Floor, Tower DIBC Knowledge Park#4/1 Bannerghatta Main RoadBengaluru, Karnataka, 560029+91 80 6646 5750cs@atherenergy.comVisit Website