Ather Energy's Electric IPO: 7 Key Details Worth Watching

Strategic Insights -

Ather Energy, the Bengaluru-based electric mobility brand, is set to launch its initial public offering (IPO) on April 28, amidst growing interest in the electric vehicle (EV) segment. With a proven track record of innovation and expansion plans, the company's IPO is drawing attention from investors and industry observers alike. As the first major mainboard IPO since February, Ather Energy's public issue has all the makings of a high-stakes story in the world of Indian markets.

Key Takeaways:

  • The Ather Energy IPO will open for public subscription on April 28 and close on April 30, with an anchor investor bidding on April 25.
  • The price band of the IPO is set between Rs 304 and Rs 321 per share, with each share having a face value of Re 1.
  • Retail investors can bid in lots of 46 shares, with a minimum investment of around Rs 14,000-Rs 15,000, depending on the final price.
  • Ather Energy has followed the standard book-built issue structure, with 75% reserved for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for retail investors.
  • The company has a fresh issue of shares worth Rs 2,626 crore to fund expansion, product development, and charging infrastructure, as well as an offer for sale of 1.11 crore shares by existing investors.
  • The allotment of shares is expected to be finalized on May 2, with refunds beginning on May 5 and listing on NSE and BSE on May 6.
  • Ather Energy has a strong technological foundation, with most of its technology developed in-house and a focus on high-tech innovation, smart dashboards, vehicle control units, and proprietary software.

Statistics:

  • Price band: Rs 304 - Rs 321 per share
  • Face value: Re 1 per share
  • Minimum investment: Rs 14,000 - Rs 15,000 (in multiples of 46 shares)
  • Issue size: Rs 2,626 crore (fresh issue) + 1.11 crore shares (offer for sale)
  • QIB allocation: 75% of the offer
  • NII allocation: 15% of the offer
  • Retail investor allocation: 10% of the offer
  • Investor allocation breakdown: 75% QIB, 15% NII, 10% retail
  • Allotment timeline: May 2 (finalization) to May 6 (listing)

Sources:

  • Ather Energy IPO notice (date not specified)
  • "Ather Energy IPO: Price band, lot size, dates, and other details" by IE Online Media Services Pvt. Ltd., distributed by Contify.com (2025)