Home/IPOs/AtherEnergy

AtherEnergy IPO

Ather Energy Limited

IPO Doc

Start Date28-03-2025

Application Timing10am-5pm

Price Range₹304 - ₹321

Min Qty46

Min. Investment₹14766

Listing DateNA

Close Date30-04-2025

About Ather Energy Limited

Founded in 2013, Ather Energy Limited is a pioneer in the Indian electric two-wheeler (E2W) market. Company designs and develops electric two-wheelers, battery packs, charging infrastructure, associated software, and accessories, while it manufactures its battery packs and assembles E2Ws in-house.

Ather Energy is a pure-play EV company that designs all its products ground up in India. They sold 109,577 E2Ws in FY 2024.

Company's current E2W portfolio comprises two product lines – the Ather 450 line, which caters to customers seeking performance scooters, and the Ather Rizta line, targeted at customers seeking convenience scooters for their family. Company's products are focused on quality and user experience and are positioned at a premium price in their respective segments

Why To Invest in Ather Energy Limited

Established Brand in E-Mobility: Founded by IIT Madras alumni in 2013, Ather is now India’s 4th largest electric two-wheeler company, trailing only Ola Electric, TVS Motor, and Bajaj Auto.

Innovative Product Line: Known for high-performance scooters like Ather 450X, 450 Apex, and the new Ather Rizta, with industry-leading tech such as touchscreen dashboards and OTA updates.

Hero MotoCorp Backing: Hero MotoCorp holds a significant 40% stake in the company, adding strong institutional credibility.

Scalable Manufacturing: The company has scaled up manufacturing to over 2.66 lakh units annually as of 2024.

Strong R&D & Tech-Driven: Ather is one of the few Indian EV companies with in-house R&D and a clear roadmap for future innovation and product expansion.

Financial Table

Period Ended	31 Dec 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,172	1,913.5	1,976.8	818.6
Revenue	1,617.4	1,789.1	1,801.8	413.8
Profit After Tax	-577.9	-1,059.7	-864.5	-344.1
Net Worth	108	545.9	613.7	224.9
Reserves and Surplus	3,346.6	545.1	613.1	224.2
Total Borrowing	1,121.6	314.9	485.2	298.4

Strengths And Risks

Innovative In-House R&D: Continuous innovation with advanced features like touchscreen dashboards and smart connectivity.

Premium Segment E2Ws: Ather Energy's focus on quality and user experience enables it to position its E2Ws at a premium price within both the performance and convenience scooter segments. For instance, Ather offers features such as Trip Planner, a data-driven feature in its app that allows customers to plan their daily commutes and charge requirements.

Vertically integrated product design & strong in-house R&D : Control over the design of key components of E2Ws and accessories, including the underlying software, gives Ather speed to market, control over quality, cost management capabilities, access to partnerships with large technology companies, and the ability to deliver an improved user experience.

Scalable technology platform : Ather's technology platform, comprising of battery, powertrain, electronics, chassis, and Atherstack, serves as the backbone of its entire product lineup. While company has accelerated its product launch times, they have maintained quality controls for its products. As at March 31, 2024, our batteries’ median state of health remained at 90% after five years.

Negative Cash Flows:: The company has been operating at a loss; ?578 crore loss in 9 months ending Dec 2024 (though lower than the ?776 crore loss in the previous year).

Limited operating history : Company was incorporated in 2013 and launched its first E2W, the Ather 450, in June 2018. With limited operating history, there is a limited basis to make judgments regarding Ather's ability to develop, manufacture, and deliver E2Ws.

Adoption of electric two-wheelers: Compared to internal combustion engine vehicles, EV options are still at a nascent stage. Further, there is generally a limited awareness of the benefits such as a lower total cost of ownership, that EVs offer beyond environmental gains.

Competition: Ather's competitiveness within the highly competitive Indian automotive market depends on its ability to develop, market, and deliver new and quality electric two-wheeler models and launch new associated services.

FAQs

What is the Ather Energy Limited IPO? +

When will the IPO open? +

What is the lot size of the IPO? +

How to apply for an IPO? +

When will the IPO be allotted? +

When is the IPO listing date? +

E-IPO

Get In On The Action EarlyBuy cheap, earn big. Discover IPOs with the highest growth potential early and invest now through Rupeezy to earn big in the future.

Explore Other Products

Rupeezy AppAdvanced charts, advanced Option Chain, instant pay-in & pay-out,margin .Learn More

Rupeezy <> TradingViewEnjoy top-class trading experience enhanced by advanced TradingView charts.Learn More

DockPortfolio analysis, pledge holdings, apply in IPOs & download reports Learn More

3rd Floor, Incubex INR4, 777c, 100 Feet Rd, HAL 2nd Stage, Indiranagar, Bengaluru, Karnataka 560038

0755-4268599, 0755-6693322

support@rupeezy.in

Download the Rupeezy App now

Products

NFO

Platform

Rupeezy <> TradingView

Partner App (MFD)

Partner Login

Features

Weekly MTF

Iceberg

MF Lab

Smart Explore

Business

Help

Company

Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

For any grievance contact:

grievance@rupeezy.in
0755-4268599

For cyber attack incident reporting:

gyanesh@rupeezy.in
9669695615

SEBI RA Registration:

INH000013332

AMFI Registration:

ARN-35911

Attention Investors:

Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.
Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: https://www.nseindia.com/invest/about-defaulter-section.
Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.
Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.
Don't ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.
Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.
Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.

Precautions for clients dealing in Options

Sharing of trading credentials i.e. login id & passwords including OTP’s is prohibited.
Trading in leveraged products like options without proper understanding could lead to losses. Please trade at your own risk.
Writing/ selling options or trading in option strategies based on tips, without basic knowledge & understanding of the product and its risks could lead to losses.
Dealing in unsolicited tips through WhatsApp, Telegram, YouTube, Facebook, SMS, calls, etc should be avoided.
Trading in “Options” based on recommendations from unauthorised / unregistered investment advisors and influencers should be avoided.

Awareness regarding guidelines regarding margin collection:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020
Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge
Pay 20% upfront margin of the transaction value to trade in cash market segment
Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard
Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month

Advisory – KYC Compliance:

All investors are requested to take note that 6 KYC attributes i.e. Name, PAN, Address, Mobile Number, Email id and Income Range have been made mandatory. Investors availing custodian services will be additionally required to update the custodian details.
The last date to update KYC is on or before March 31, 2022.
Thereafter non-compliant trading accounts will be blocked for trading by the Exchange.
The non-compliant demat accounts will be frozen for debits by Depository Participant or Depository.
On submission of the necessary information to the stockbroker and updation of the same by the stockbroker in the Exchange systems and approval by the Exchange, the blocked trading accounts shall be unblocked by the Exchange on T+1 trading day.
The demat account shall be unfreezed once the investor submits the deficient KYC details and the same is captured by the depository participant in the depository system.
To ensure smooth settlement of trades, the investors are requested to ensure that both the trading and demat accounts are compliant with respect to the KYC requirement.
The investors are hereby requested to comply with the regulatory guidelines issued by Exchanges and Depositories from time to time with regard to KYC compliance and related requirements.
We do proprietary trading

Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

*Investors are requested to note that Stock broker Astha Credit and Securities Private Limited is permitted to receive/pay money from/to investor through designated bank accounts only named as client bank accounts. Stock broker Astha Credit and Securities Private Limited is also required to disclose these client bank accounts to Stock Exchange. Hence, you are requested to use following client bank accounts only for the purpose of dealings in your trading account with us. The details of these client bank accounts are also displayed by Stock Exchanges on their website under “Know/ Locate your Stock Broker.

1. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorize your bank to make payment in case of allotment. No worries for refund as the money remains in the investor's account. 2. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund, etc.), you need not undergo the same process again when you approach another intermediary.

Disclaimer:

Investment in the securities market is subject to market risks, read all the related documents carefully before investing.
Brokerage will not exceed SEBI prescribed limit.
Please refer to the Risk Disclosure Document issued by SEBI and go through the Rights and Obligations and Do's and Don'ts issued by Stock Exchanges and Depositories before trading on the Stock Exchanges.
For commodities derivatives please note that Commodities Derivatives are highly leveraged instruments.
Before investing in the asset class consider your investment objectives, level of experience and risk appetite carefully.
Mutual fund investments are subject to market risks, read all scheme related documents carefully. Mutual Funds are not an approved product of the Exchanges and any dispute related to this will not be dealt at Exchange platform. ACSPL is a Mutual fund distributor/s registered for Mutual Funds.

Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors. We do Pro trading.

Client registration documents in Vernacular languages: Get Documents

Terms and Conditions | Privacy Policy | Investor Charter

Download the App Now!

AtherEnergy IPO

About Ather Energy Limited

Why To Invest in Ather Energy Limited