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Ather Energy’s IPO to Open on April 28, 2025, to Fuel Growth in India’s EV Market
Apr 24, 2025
Ather Energy, a Bengaluru-based electric vehicle (EV) manufacturer, is set to launch its initial public offering (IPO) on April 28, 2025. The IPO will raise INR 2,626 crore, consisting of a fresh issue of shares and an offer for sale (OFS) of 1.11 crore shares. The price range is set at INR 304 to INR 321 per share, with an additional 1,00,000 shares reserved for employees at a discount of INR 30 per share. The IPO will be open for subscription until April 30, 2025, with shares expected to be listed on the BSE and NSE on May 6, 2025.
Proceeds from the fresh issue will support key growth areas: INR 927 crore for a new electric two-wheeler (E2W) factory in Maharashtra, INR 750 crore for research and development, and INR 300 crore for marketing. Ather Energy has developed a comprehensive EV ecosystem, including charging stations and smart dashboards. Despite a reported loss of INR 1,059.7 crore in FY 2023-24, Ather aims to expand its position in India’s booming EV market through this IPO.
The IPO is anticipated to attract strong investor interest as Ather looks to capitalize on the rapidly growing electric vehicle sector in India.