7 things to know about Ather Energy IPO

Ather Energy, known for its electric scooters like the Rizta, is hitting the stock market soon.

Ather To Go Public

Ather Energy’s IPO will open for public subscription on April 28, 2025 and will close on April, 30, 2025.

IPO Date Details

Investors can expect share allotment by May 2, refunds processed by May 5, and listing on BSE and NSE scheduled for May 5.

Allotment, Refund & Listing

The IPO includes a fresh issue of Rs 2,626 crore and an offer-for-sale (OFS) of 1.1 crore shares by existing investors and the company promoters.

Offer Details

Price band is set at Rs 304–Rs 321. Each share carries a face value of Re 1. Investors need to bid for a minimum of 46 shares, and in multiples after that.

Price Band Details

The IPO is being split across three investor categories. 75% of the IPO is for qualified institutional buyers, 15% for non-institutional investors, and 10% for retail investors.

Investor Allocation

The company plans to use the net proceeds to help it grow faster and improve its products.

Growth Plans