Ather Energy IPO to Open on April 30; ₹2,626 Cr Fresh Issue Announced
Ather Energy’s much-anticipated IPO will launch between April 30 and May 2, with a fresh issue worth ₹2,626 crore. The EV company is targeting growth and debt repayment.
Key Highlights:
Ather Energy IPO to Open on April 30; ₹2,626 Cr Fresh Issue Announced
Ather Energy, one of India’s leading electric vehicle manufacturers, has confirmed the launch of its much-awaited initial public offering (IPO). The IPO will open for subscription from April 30 to May 2, 2025, with a fresh issue component of ₹2,626 crore, as per the company’s filings.
The company has also offered a portion as an Offer for Sale (OFS) by existing investors, including Hero MotoCorp, which holds a major stake.
Key Ather Energy IPO Details
- 🗓️ IPO Dates: April 30 to May 2, 2025
- 💰 Fresh Issue Size: ₹2,626 crore
- 🏢 Offer for Sale (OFS): Secondary share sale by existing stakeholders (amount yet to be confirmed)
- 📈 Purpose of IPO:
- Working capital
- Expansion of manufacturing facilities
- Repayment of debt
- R&D and tech investment
- 🏍️ Current Backers: Hero MotoCorp (33.1% stake), GIC, Caladium Investment, NIIF
Ather Energy’s Financial Snapshot (FY23-24)
- 💸 Total Revenue: ₹1,806 crore
- 📉 Net Loss: ₹864 crore
- 🔌 Units Sold: Over 1.15 lakh electric scooters
- 🏭 Expansion Plan: Two plants operational; one more in pipeline
- 📲 Charging Infrastructure: 1,500+ fast-charging points across 100+ cities
Despite losses, Ather has demonstrated strong top-line growth, signaling high investor interest for the IPO, especially amid rising EV adoption and government support.
IPO Market Buzz: Strong Investor Interest Expected
- 🚀 Market experts predict oversubscription due to strong brand value, high recall in urban markets, and early mover advantage in the EV segment
- 📢 Ather’s IPO joins the list of top EV and green tech listings in 2025, including Ola Electric (upcoming) and Exicom Tele-Systems (recently listed)
How to Take Action
- 📈 Retail investors can prepare for IPO application starting April 30
- 🧾 Review the company’s Draft Red Herring Prospectus (DRHP) filed with SEBI for detailed financials
- 📊 Monitor grey market premium (GMP) trends and analyst subscription advice before investing
Who Will Be Affected
- ⚡ EV market competitors, including Ola Electric and Bajaj Auto, may feel renewed pressure
- 🏛️ Policy makers and government EV subsidy programs will monitor listing impact
- 📉 Stock market participants, as this IPO is expected to drive renewed energy in the auto-tech sector
Ather Energy IPO: High-Octane Launch Could Redefine EV Equity Landscape
With its ₹2,626 crore issue, Ather Energy’s IPO marks a significant milestone for India’s electric mobility sector. Positioned at the intersection of sustainability, technology, and manufacturing, the company’s listing will test investor appetite for high-growth, loss-making EV players — a trend increasingly seen globally.
Investors eyeing green bets with long-term returns may find this IPO a compelling opportunity.
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