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The Ather Energy IPO is a bookbuilding issue worth ₹2,981.06 crores. It comprises a fresh issue of 8.18 crore shares totalling ₹2,626.30 crores and an offer for sale of 1.11 crore shares amounting to ₹354.76 crores.
The IPO opened for subscription on April 28, 2025, and will close on April 30, 2025. Allotment results are expected to be finalised by May 2, 2025, with a tentative listing on BSE and NSE scheduled for May 6, 2025.
The price band for the Ather Energy IPO is set between ₹304 and ₹321 per share. The minimum lot size for retail investors is 46 shares, requiring a minimum investment of ₹13,984. However, it is recommended to bid at the cutoff price of ₹14,766 to avoid oversubscription. For sNII, the minimum investment is ₹2,06,724 for 14 lots (644 shares), and for bNII, it is ₹10,04,088 for 68 lots (3,128 shares).
Additionally, 100,000 shares are reserved for employees, offered at a ₹30 discount to the issue price.
| IPO Date | April 28, 2025 to April 30, 2025 |
| Listing Date | 06 May 2025 |
| Face Value | ₹1 per share |
| Issue Price Band | ₹304 to ₹321 per share |
| Lot Size | 46 Shares |
| Total Issue Size | 9,28,67,945 shares (aggregating up to ₹2,981.06 Cr) |
| Fresh Issue | 8,18,16,199 shares (aggregating up to ₹2,626.30 Cr) |
| Offer for Sale | 1,10,51,746 shares of ₹1 (aggregating up to ₹354.76 Cr) |
| Employee Discount | 30.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Shareholding Post Issue | 29,06,43,469 shares |
| Shareholding Pre-Issue | Share Holding Pre-Issue |
| IPO Open Date | Mon, Apr 28, 2025 |
| IPO Close Date | Wed, Apr 30, 2025 |
| Tentative Allotment | Fri, May 2, 2025 |
| Initiation of Refunds | Mon, May 5, 2025 |
| Credit of Shares to Demat | Mon, May 5, 2025 |
| Tentative Listing Date | Tue, May 6, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on April 30, 2025 |
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 46 | ₹14,766 |
| Retail (Max) | 13 | 598 | ₹1,91,958 |
| S-HNI (Min) | 14 | 644 | ₹2,06,724 |
| S-HNI (Max) | 67 | 3,082 | ₹9,89,322 |
| B-HNI (Min) | 68 | 3,128 | ₹10,04,088 |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 4,17,45,576 (44.95%) | NA |
| QIB Shares Offered | 2,78,30,383 (29.97%) | NA |
| NII (HNI) Shares Offered | 1,39,15,192 (14.98%) | |
| bNII > ₹10L | 92,76,795 (9.99%) | 14,404 |
| sNII < ₹10L | 46,38,397 (4.99%) | 7,202 |
| Retail Shares Offered | 92,76,795 (9.99%) | 2,01,669 |
| Employee Shares Offered | 1,00,000 (0.11%) | NA |
| Total Shares Offered | 9,28,67,946 (100%) |
| Period Ended | 31 Dec 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 2,172 | 1,913.5 | 1,976.8 | 818.6 |
| Revenue | 1,617.4 | 1,789.1 | 1,801.8 | 413.8 |
| Profit After Tax | -577.9 | -1,059.7 | -864.5 | -344.1 |
| Net Worth | 108 | 545.9 | 613.7 | 224.9 |
| Reserves and Surplus | 104.1 | 545.1 | 613.1 | 224.2 |
| Total Borrowing | 521.6 | 314.9 | 485.2 | 298.4 |
Maximising Opportunities with Ather Energy Limited IPO
The Ather Energy Limited IPO presents a promising investment opportunity, particularly for retail investors, HNIs, and institutional investors. With a total issue size of ₹2,981.06 crores, the IPO combines a fresh issue and offer for sale, giving investors a chance to participate in the growth of a leading electric vehicle (EV) company in India.
The price band of ₹304 to ₹321 per share offers an affordable entry point, with retail investors having a minimum investment requirement of ₹13,984 for 46 shares. The HNI investors can bid for larger lot sizes, with investments starting at ₹2,06,724 for 14 lots. The IPO has also reserved 100,000 shares for employees, with a ₹30 discount to the issue price, adding incentive for the company's workforce.
As the IPO opens for subscription on April 28, 2025, and closes on April 30, 2025, investors should be prepared for high demand, given the rapid growth of Ather Energy in the EV sector. The listing date is set for May 6, 2025, and with strong interest expected from both retail and institutional buyers, this IPO could see significant oversubscription.
In conclusion, Ather Energy's IPO is an attractive proposition for investors looking to capitalise on India's burgeoning electric vehicle market. However, given the potential for oversubscription, it is advisable to bid at the cutoff price to increase the chances of allotment.
