Ather Energy Limited IPO: All You Need to Know

About Ather Energy Limited

Founded in 2013, Ather Energy Limited is an Indian electric two-wheeler (E2W) manufacturer focused on premium products. It designs, develops, and assembles electric scooters, battery packs, charging infrastructure, and proprietary software systems under a vertically integrated model.

Its product lineup includes the Ather 450 series and Ather Rizta, supported by the Ather Grid fast-charging network and the Atherstack software platform with 64 connected features.

Ather caters to urban mobility needs across India and select international markets.

Operational Highlights

• Vehicle Sales: 107,983 E2Ws sold in nine months ended December 31, 2024, and 109,577 E2Ws in FY24.

• Network: 265 experience centres and 233 service centres in India, with a presence in Nepal and Sri Lanka as well.

• Manufacturing Capacity: 2,66,850 electric two-wheelers annually (as of 2024) from its Hosur facility in Tamil Nadu.

• Intellectual Property: 303 trademarks, 201 designs, and 45 patents registered globally (as of February 28, 2025).

• Workforce: 2,454 employees, including 1,458 on-roll staff (as of March 31, 2024).

Strategic Pillars

• Vertically integrated design and engineering

• Software-driven product ecosystem

• Premium market positioning

• Capital-efficient operations

Strengths

• In-house R&D delivers innovative features like touchscreen dashboards.

• Strong quality focus enables premium pricing.

• Leadership in performance scooters, with diversification into electric motorcycles.

• Expanded manufacturing capacity to 2,66,850 E2Ws per year by 2024.

  
  

Risks

• Negative cash flows from operations since incorporation.

• Limited product range, heavily dependent on Ather 450X sales.

• High reliance on key management; any changes may significantly impact operations.

Objects of the Issue

• Capital expenditure

• Repayment/prepayment of borrowings

• Research and development

• Marketing initiatives

• General corporate purposes

Ather Energy IPO Details

• IPO Dates: 28th to 30th April 2025

• Price Band: ₹304 to ₹321 per share

• Lot Size: 46 shares

• Total Issue Size: ₹2,981.06 Crore

• Retail Quota: 10%

• GMP: Nil (for informational purposes only)

  
  

Allotment Link

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