Ather Energy Rolls Out IPO; Subscription Open Till April 30

Ather Energy Limited, the electric two-wheeler manufacturer EV company has announced the opening of its IPO. Prospective investors are open for subscription from today, i.e. 28th April, and will be open till 30th April. Ather's IPO is categorized under the mainboard listing, with a book-built offer worth Rs 2,890.76 crore. Here are the insights that you must check out.

Some of the key anchor investors who were allocated shares are SBI MF, Custody Bank of Japan, Franklin Templeton, Aditya Birla Sun Life MF, Abu Dhabi Investment Authority (ADIA), Singapore-headquartered global asset manager Eastspring Investments, ICICI Prudential MF, Invesco MF, global asset management firm Morgan Stanley Investment Management (MSIM), Aditya Birla Sun Life Insurance, Samir Arora backed Helios MF, ITI MF, Union MF, Tata Investment, Subhkam Ventures, a privately managed family office, Societe Generale, BNP Paribas Financial Markets.

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SBI Mutual Fund led the pack with shares allocated worth Rs 310 crores, besides Franklin Templeton Global, Aditya Birla Sun Life MF, Abu Dhabi Investment Authority, Singapore headquartered global asset manager Eastspring Investments, and Invesco MF being other investors who were allocated shares more than Rs 100 crores each.

According to a circular uploaded on BSE's website, out of the total allocation of 41,745,576 (4.17 crore) Equity Shares to the Anchor Investors, 20,685,556 (2.06 crore) Equity Shares (i.e. 49.6 % of the total allocation to Anchor Investors) were allocated to 7 domestic mutual funds through a total of 14 schemes.

The e2w maker has seen improved financial performance during the nine months ended December 2024, with revenue from operations increasing from Rs 1230 crore to Rs 1579 crore, losses reducing from Rs 776.4 crore to Rs 578 crore, and adjusted gross margins improving from 9% to 19%, driven by better cost control and sales of Rizta.

The IPO of Ather Energy has opened today and closes on Wednesday, April 30, 2025 with a price band of Rs 304 per equity share to Rs 321 per equity share of face value of Rs 1 each.