Bengaluru-based electric scooter manufacturer Ather Energy is set to launch its initial public offering (IPO) on April 28, 2025, aiming to raise ?2,626 crore through a fresh issue of shares. ?
IPO Snapshot
• Price Band: ?304–?321 per share
• Lot Size: Minimum of 46 shares
• IPO Dates: April 28–30, 2025
• Anchor Investor Bidding: Opens April 25, 2025
The IPO includes a fresh issue of ?2,626 crore and an offer-for-sale (OFS) of 1.1 crore shares by existing investors and promoters.
Financial Highlights
Ather’s revenue increased by 28% in the nine months ending December 2024, with losses narrowing from ?776 crore to ?578 crore. The company plans to use the IPO proceeds to establish a new manufacturing plant in Maharashtra, invest in R&D, repay debts, and fund marketing initiatives.
Investor Takeaway
Ather Energy’s IPO offers investors an opportunity to participate in India’s growing electric vehicle sector. With a focus on innovation and expansion, Ather aims to solidify its position in the competitive EV market.
For more information, visit https://www.indiratrade.com/ipo
Note: The information provided in these blogs is based on the latest available data as of April 24, 2025. Investors are advised to conduct their own research or consult financial advisors before making investment decisions.