Ather Energy IPO is a book-built issue IPO, aiming to raise ₹2,981.06 crore. The issue comprised a fresh issue of 8.18 crore equity shares aggregating to ₹2,626.30 crore and an offer for sale (OFS) of 1.11 crore shares totalling ₹354.76 crore. The bidding window was open from April 28, 2025 to April 30, 2025, with the IPO allotment to be finalised today on May 2, 2025. Ather Energy is scheduled to list on the BSE and NSE on May 6, 2025.
The IPO was priced in the range of ₹304 to ₹321 per share with a lot size of 46 shares. The public issue received bids for 7.65 crore shares against 5.33 crore shares available, resulting in an overall subscription of 1.43 times. Retail investors led the response, subscribing 1.78 times their quota, followed by QIBs at 1.70 times, while NIIs showed lower interest at 0.66 times.
Retail applicants needed a minimum investment of ₹13,984, but bidding at the cutoff price (around ₹14,766) was advisable due to the oversubscription. For sNII, the minimum investment stood at ₹2,06,724 (14 lots), while bNII participants required ₹10,04,088 (68 lots). Additionally, 1,00,000 shares were reserved for employees at a ₹30 discount.
Ather Energy’s ₹2,981.06 crore IPO, priced between ₹304–321 per share, was subscribed 1.43 times overall. Bidding took place from April 28 to 30 April, 2025, with the Ather Energy IPO allotment status to be finalised today on May 2, 2025. Retail investors subscribed 1.78 times, QIBs 1.70 times, and NIIs 0.66 times. Listing is expected on May 6, 2025.
The table below breaks down the Ather Energy share allocation for different categories, highlighting the number of shares and their percentage of the total issue.
| Investor Category | Shares Offered |
| Anchor Investor Shares | 4,17,45,576 (44.95%) |
| QIB Shares | 2,78,30,383 (29.97%) |
| NII (HNI) Shares | 1,39,15,192 (14.98%) |
| Retail Shares | 92,76,795 (9.99%) |
| Employee Shares | 1,00,000 (0.11%) |
Data Source: BSE-NSE
| Category | Subscription (times) |
| Qualified Institutional Buyers | 1.76 |
| Non-Institutional Investors | 0.69 |
| Retail Individual Investors | 1.89 |
| Employees | 5.43 |
| Total shares | 1.50 |
Note: The subscription details is as of April 30, 2025
Founded in 2013, Ather Energy Limited is an Indian electric two-wheeler (E2W) company specialising in the in-house design, development, and assembly of electric scooters, battery systems, charging infrastructure, and supporting software. Operating as a fully integrated EV manufacturer, Ather places strong emphasis on technological innovation and product development.
In the nine months ending December 31, 2024, Ather sold 1,07,983 E2Ws, with a total of 1,09,577 units sold during the full Fiscal Year 2024. The company has built a robust retail and service network, with 265 experience centres and 233 service hubs across India, along with a growing international presence in Nepal and Sri Lanka.
Ather’s product offerings include Ather Grid, a fast-charging network designed for electric two-wheelers, and Atherstack, its proprietary software platform offering 64 connected features as of July 2024. Production takes place at the Hosur facility in Tamil Nadu, which had an annual installed capacity of 4.2 lakh electric vehicles and 3.79 lakh battery packs as of March 2024.
As of February 28, 2025, Ather held 303 trademarks, 201 design registrations, and 45 patents globally, with several additional applications pending.
Know more about IPO allotment status and check your application details online for the latest updates on share allocation.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: May 2, 2025, 12:05 PM IST
Suraj Uday Singh
Suraj Uday Singh is a skilled financial content writer with 3+ years of experience. At Angel One, he excels in simplifying financial concepts. Previously, he cultivated his expertise at a leading mortgage lending firm and a prominent e-commerce platform, mastering consumer-focused and engaging content strategies.
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