Home > Knowlege Centre > Article

Ather Energy IPO: Price Band Rs 304-321, Subscription Opens April 28

24-Apr-2025
2 mins read

Ather Energy IPO: Price Band Rs 304-321, Subscription Opens April 28

Electric two-wheeler manufacturer Ather Energy has announced its much-anticipated initial public offering with a price band of Rs 304-321 per share. Subscriptions will open on April 28, marking India's first IPO in nearly after 2 months. Many companies have delayed their public offerings until they can evaluate investor response in this volatile market.

Ather Energy IPO dates include the anchor book opening on April 25, the IPO opening date on April 28, and the closing date on April 30, the basis of allotment finalise on May 2, refunds and equity credit processing by May 5, and the listing date of ather energy IPO is May 6.

Also Read | Ather Energy IPO GMP, Open Date, Price Band, Electric Vehicle (EV)

Ather Energy IPO Details

Ather Energy is one of the popular EV scooter manufacturers and offers a combination of fresh issues worth Rs 2,626 crore and an offer for sale of up to 1.1 crore shares. The total issue size has been revised downward to around Rs 2,980.76 crore from an initially planned Rs 4,000 crore, indicating a post-issue valuation of approximately Rs 11,956 crore.

When filing its DRHP in September 2024, Ather Energy had targeted a $2.5 billion IPO valuation. However, following market corrections, this projection was adjusted to $2.4 billion, reflecting current market conditions in the EV India space.

Ather Energy IPO GMP

Ather Energy IPO GMP today or grey market premium is 11. The IPO GMP today indicates the huge interest of retail investors. You can check the latest IPO Grey Market Premium today online from the first day of subscription. If the subscription is oversubscribed, then Ather Energy IPO GMP might rise in the coming days.

Ather Energy IPO Date

Investors interested in the Ather Energy IPO should look at these key dates:

Ather Energy IPO subscription period: April 28-30, 2025
Allotment Status: May 2, 2025
Refund imitation date: By May 5, 2025
Listing date: May 6, 2025

Ather Energy Financials

Ather Energy's financials are as follows, with a reporting revenue growth of Rs 1,578.90 crore for the 9-month period ending December 2024, up from Rs 1,230.40 crore year-over-year. Simultaneously, the company reduced its net loss to Rs 577.90 crore from Rs 776.40 crore in the same period.

Upon successful listing, Ather Energy will become only the second dedicated EV manufacturer to go public in India after the Famous OLA Electric.