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    Home / News / Business News / Ather Energy's IPO opens tomorrow: What you need to know
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    Ather Energy's IPO opens tomorrow: What you need to know
    Offering consists of a fresh equity share issuance of ₹2,626 crore

    Ather Energy's IPO opens tomorrow: What you need to know

    By Akash Pandey
    Apr 27, 2025
    05:56 pm

    What's the story

    Leading electric vehicle manufacturer Ather Energy will launch its initial public offering (IPO) tomorrow.

    The offer will be available for subscription until April 30.

    The company focuses on developing electric two-wheelers and an ecosystem of products such as software, smart accessories, and charging infrastructure, all created and developed in India.

    Pricing details

    Price range and offerings

    The price band for Ather Energy's IPO has been fixed between ₹304 and ₹321 per equity share.

    The offering consists of a fresh equity share issuance of ₹2,626 crore and an offer-for-sale of 1.1 crore equity shares by promoters and existing shareholders.

    The company intends to utilize the proceeds from this IPO for a range of purposes over FY2026 to FY2028.

    Information

    IPO proceeds to be invested in EV plant, R&D, marketing 

    The company will allocate ₹927.2 crore from its IPO proceeds to set up an electric two-wheeler plant in Maharashtra, ₹40 crore to repay debt, ₹750 crore for research and development, and ₹300 crore for marketing.

    Allocation details

    Allocation and employee benefits

    Ather Energy has reserved at least 75% of its IPO shares for qualified institutional buyers (QIBs), no more than 15% for non-institutional investors (NIIs), and up to 10% for retail investors.

    An additional allocation of up to 100,000 equity shares has been reserved for employees, who will enjoy a ₹30 discount per share.

    Timeline

    Timeline and lead managers

    The preliminary share allotment for Ather Energy's IPO will take place on May 2, with refunds being processed by the company on May 5.

    Shares will be credited to allottees' demat accounts on the same day as refunds. The company's shares are expected to be listed on BSE and NSE on May 6.

    Axis Capital Limited, JM Financial Limited, Nomura Financial Advisory and Securities (India) Pvt Ltd, and HSBC Securities & Capital Markets Pvt Ltd are the book-running lead managers.

    Market outlook

    Price in gray market

    Ather Energy's shares are currently trading at a premium of ₹3 in the unlisted gray market, Investorgain reported.

    Based on the upper end of the IPO price band and this gray market premium, Ather Energy's estimated listing price is projected at ₹324 per share.

    This would mark a marginal increase of 0.93% over the IPO price of ₹321.

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