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Ather Energy Limited IPO

Ather Energy Limited IPO was engaged in the Indian electric two-wheeler ("E2W") market. They are a Pure Play EV company that sells E2WS & related product ecosystem, including their software, charging infrastructure and smart accessories, all of which have been conceptualized & designed by them in India.  In addition to the battery pack, which produces in houses portable chargers and engines, which their suppliers build, other large E2W components, such as engine controls, transmission, vehicle control units, and dashboards. They have a vertically integrated approach to the design of their products and large technologies.  This integrated approach applies to both their hardware and software, and they are able to pursue many EV technological advances.  Through this approach to design, they want to establish new standards for performance, efficiency and user experience in the E2W market.

Company Promoters

• Tarun Sanjay Mehta
• Swapnil Babanlal Jain
• Hero Motocorp Limited

Objects of this Issue:

•  Capital expenditure to be incurred by their Company for the establishment of an E2W factory in Maharashtra,
• Repayment/ prepayment, in full or part, of certain borrowings availed by their Company;
• Investment in research and development
• Expenditure towards marketing initiatives
• General corporate purposes

Financial Information of the Company:

	Amount in Million (Rs.)
	As on 31 Mar 2024	As on 31 Mar 2023	As on 31 Mar 2022
Total Assets	19,135	19,768	8,186
Total Liabilities	13,676	13,631	5,937
Net Profit	-1,059.7	-864.5	-344.1

 

Ather Energy Limited IPO Schedule

1.     Bid or Offer Opens on: 28 April 2025
2.     Bid or Offer Closes on: 30 April 2025
3.     Tentative Allotment: 02 May 2025
4.     Initiation of Refunds: 05 February 2025
5.     Credit of share to Demat account: 05 May 2025
6.     Tentative Listing Date: 06 May 2025

Ather Energy Limited IPO Lot Size

The market lot size for the ATHER ENERGY LIMITED IPO is 1 share.

Application		Lots	Shares	Amount
Retail	Minimum	1	46	₹14,766
	Maximum	13	598	₹1,91,958
S-HNI	Minimum	14	644	₹2,06,724
S-HNI	Maximum	67	3,082	₹9,89,322
B-HNI	Minimum	68	3,128	₹10,04,088

Company Contact Details:

Hexaware Technologies Limited
3rdFloor, Tower D, IBC Knowledge Park, #4/1 Bannerghatta Main Road,
Bangalore560 029, Karnataka, India
Phone: +918066465750
Email:  cs@atherenergy.com
Website: www.atherenergy.com

Ather Energy Limited IPO Registrar Details:

MUFG Intime India Private Limited

C-101, 1stFloor, 247 ParkL.B.S. Marg, Vikhroli (West)Mumbai 400 083 Maharashtra, India
Phone: +91810811494
Email: therenergy.ipo@linkintime.co.in
Website: www.in.mpms.mufg.co