Ather Energy Ipo
Objects of the Issue
Capital expenditure to be incurred by our Company for establishment of an E2W factory in Maharashtra, India;
Repayment/ pre-payment, in full or part, of certain borrowings availed by our Company;
Investment in research and development;
Expenditure towards marketing initiatives; and
General corporate purposes
Ather Energy IPO Review
IPO Watch – May Apply
Arihant Capital – Apply
Bajaj Capital – May apply
Capital Market – Neutral
SMC Global – Neutral
Ventura Securities – Apply
IPO Lead Managers aka Merchant Bankers
Axis Capital Limited
HSBC Securities and Capital Markets (India) Private Limited
JM Financial Limited
Nomura Financial Advisory and Securities (India) Private Limited
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 46 | ₹14,766 |
| Retail Maximum | 13 | 598 | ₹1,91,958 |
| S-HNI Minimum | 14 | 644 | ₹2,06,724 |
| B-HNI Minimum | 68 | 3,128 | ₹10,04,088 |
| IPO Open Date: | April 28, 2025 |
| IPO Close Date: | April 30, 2025 |
| Basis of Allotment: | May 2, 2025 |
| Refunds: | May 5, 2025 |
| Credit to Demat Account: | May 5, 2025 |
| IPO Listing Date: | May 6, 2025 |
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2022 | ₹413.8 | ₹757.9 | ₹344.1 | ₹818.6 |
| 2023 | ₹1,801.8 | ₹2,666.3 | ₹864.5 | ₹1,976.8 |
| 2024 | ₹1,789.1 | ₹2,674.2 | ₹1,059.7 | ₹1,913.5 |
| December 2024 | ₹1,617.4 | ₹2,195.3 | ₹577.9 | ₹2,172 |
| KPI | Values |
| ROE: | –1.83% |
| ROCE: | -118.68% |
| EBITDA Margin: | -36% |
| PAT Margin: | -59% |
| Debt to equity ratio: | 0.88 |
| Earning Per Share (EPS): | –₹47 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | -194% |
| Net Asset Value (NAV): | ₹24 |
| Company | EPS | PE Ratio | RoNW % | NAV | Income |
| Hero MotoCorp Limited | 187 | 30 | 21% | 884 | 37,788.6 Cr. |
| Bajaj Auto Limited | 273 | 40 | 29% | 935 | 44,870.4 Cr. |
| Ola Electric Mobility Limited | (4) | NA | (78%) | 6 | 5,009.8 Cr. |
| TVS Motors Limited | 36 | 78 | 26% | 143 | 39,144.7 Cr. |
| Eicher Motors Limited | 146 | 33 | 22% | 657 | 16,535.8 Cr. |
| IPO Open Date: | April 28, 2025 |
| IPO Close Date: | April 30, 2025 |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹304 to ₹321 |
| Issue Size: | ₹2,980.73 Crores |
| Fresh Issue: | Approx ₹2,626 Crores |
| Offer for Sale: | Approx 11,051,746 Equity Shares |
| Issue Type: | Book Built Issue |
| IPO Listing: | BSE & NSE |
| Retail Quota: | Not more than 10% |
| QIB Quota: | Not more than 75% |
| NII Quota: | Not more than 15% |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
| Anchor Investors List: | Click Here |