Electric two-wheeler (E2W) manufacturer Ather Energy, backed by Tiger Global and Hero MotoCorp, is set to launch its ₹2,981-crore Initial Public Offering (IPO) on Monday, April 28, 2025. The IPO will remain open for public subscription until April 30, 2025.
Key Details of the Ather Energy IPO
- Issue Size: ₹2,981 crore
- Price Band: ₹304 to ₹321 per share
- Anchor Investment: ₹1,340 crore raised from 36 investors, including Custody Bank of Japan, Franklin Templeton, Abu Dhabi Investment Authority, and Morgan Stanley Investment Management.
- IPO Structure:
- Fresh Issue: ₹2,626 crore
- Offer-for-Sale (OFS): 1.1 crore equity shares by existing shareholders.
- Listing Date: Expected on May 6, 2025.
Use of IPO Proceeds
Ather Energy plans to utilize the funds for expanding its electric two-wheeler production facility in Maharashtra and reducing outstanding debt. The company aims to strengthen its research and development capabilities, ensuring technological advancements in the E2W segment.
Market Position and Growth Prospects
Founded in 2013 and incubated at IIT Madras, Ather Energy has emerged as a leading player in India’s EV market. The company’s IPO marks the first mainboard public issue of FY26, following Ola Electric Mobility’s ₹6,145-crore IPO in August 2024.
With strong institutional backing and a growing consumer base, Ather Energy’s IPO is expected to attract significant investor interest.
