Ather Energy, a leading electric two- wheeler manufacturer in India, is preparing to launch its IPO on ** April 28, 2025, marking the first mainboard IPO of the fiscal time 2025- 26. The subscription period will run until April 30, 2025.
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| Ather Energy |
The company setting a price band of ₹ 304 to ₹ 321 per share. The IPO aims to raise roughly ₹ 2,980 crore, conforming of a fresh issue of ₹ 2,626 crore and an offer for trade( OFS) of over to equity shares ( Web ID 1, 2, 4). This follows a two- and-a-half-month pause in primary request conditioning, signaling Ather’s intent to work the rising fashionability of electric vehicles in India.
Valuation and request Sentiment
Ather Energy is targeting a valuation ranging from ₹12,500 crore to ₹12,900 crore, a downcast modification from its original estimate of ₹14,000 crore ( Web ID 11, 23). This adaptation reflects a conservative request outlook amid profitable misgivings. Despite the tempered valuation, the IPO has attracted significant attention, with institutional investors similar as SBI, Birla, and Invesco anticipated to join as anchor investors. The company also gauged back its IPO size from an earlier plan of ₹ 3,100 crore to ₹ 2,626 crore, further indicating a prudent approach to request conditions( Web ID 2, 19, 23).
Grey Market Premium( GMP)
The slate request decoration( GMP) for Ather Energy’s IPO has endured volatility. It peaked at ₹40 on April 22, 2025, but fell to a low of ₹5 by April 25, 2025. The rearmost GMP is ₹ 7, suggesting an implicit table price of roughly ₹328 per share — a modest decoration of about 2.18 over the upper price band( Web ID 0, 3, 9). This indicates a tempered but positive sentiment among slate request actors.
Fiscal Performance
-For financial time 2024 ( April 2023 to March 2024), the company reported a loss of ₹1,059.7 crore, over from ₹864.5 crore in FY2023( Web ID 1).
-In the nine months ended December 31, 2024 ( part of FY2025), the net loss narrowed to ₹ 577.90 crore, compared to ₹ 776.40 crore in the same period the previous time( Web ID 12).
- The company’s acclimated gross perimeters nearly doubled, rising from 9 in December 2023 to 19 in December 2024 ( Web ID 18).
- profit growth was supported by deals of 107,983 electric two- wheelers in the nine months ending December 31, 2024( Web ID 12, 13).
These numbers reflect heavy investments in exploration, marketing, and manufacturing, balanced by perfecting perimeters and deals instigation.
Use of finances
The IPO proceeds will support Ather Energy’s growth strategy, with allocations planned for
-Establishing a new electric two- wheeler plant in Maharashtra
- Prepayment of debt
- Investment in exploration and development
- Marketing enterprise
- General commercial purposes ( Web ID 10, 13, 16)
These investments aim to boost product capacity and enhance Ather’s competitive edge in the electric vehicle request.
Conclusion
Ather Energy’s IPO is a corner event for India’s electric vehicle sector, offering investors exposure to a homegrown brand with strong growth eventuality. While its focus on invention and expansion is compelling, the company’s patient losses and conservative request sentiment leave careful consideration. The IPO’s outgrowth will depend on investor confidence in Ather’s long- term vision and its capability to thrive in a dynamic assiduity.