Ather Energy's Electric IPO Ride Gets the Green Light from SEBI

India, get ready! Bengaluru's electric two-wheeler trailblazer Ather Energy is now running full steam into its stock market debut. The company just received the last nod from India's Securities and Exchange Board of India (SEBI) to kick off its highly awaited Initial Public Offering (IPO). Backed by strong fundamentals and a futuristic vision in the EV space, the Ather Energy IPO is one of the most awaited listings of 2025. Whether you're a retail investor, HNI, or just curious about this IPO, this blog will give you everything you need to know—IPO dates, price band, lot size, company details, and more.

SEBI issued an observation letter on December 23, 2024, which officially gave Ather the green light to hit the market. For those who don't know, this letter is basically SEBI saying, "You're good to go!"

The upcoming Ather Energy IPO has generated significant buzz in the market, especially among investors tracking the electric vehicle sector. As per the latest Ather Energy IPO News, the company is expected to launch its initial public offering, with the Ather Energy IPO Expected Date falling from April 28, 2025, to April 30, 2025. Although the exact Ather Energy IPO Date is officially announced, reports suggest the company is in the final stages of regulatory approvals. The Ather Energy IPO Size is estimated to be around ₹2,980.76 crore, including a fresh issue and an offer for sale. One of the key highlights in the Ather Energy IPO Details is that the Company has removed the Ather Energy IPO Shareholder Quota as per RHP, primarily for shareholders of Hero MotoCorp, which holds a significant stake in the company. While the Ather Energy Share price for the IPO is ₹304 to ₹321 per share, market experts expect it to reflect the company’s solid growth in the EV segment and its increasing brand value. Investors are eagerly waiting for more updates as the listing draws closer. Ather Energy IPO: What's Buzzing?

So far, here are some things we know:

• Fresh Issue of Shares: The company will raise new equity shares worth a mammoth 8,18,06,853 shares (aggregating up to ₹2,626.00 Cr).
• Offer for Sale (OFS): The existing shareholders are offloading 1,10,51,746 shares of ₹1 (aggregating up to ₹354.76 Cr). Even the big boys, such as Tiger Global, Caladium Investments, NIIF, and even Binny Bansal's 3 State Ventures, will sell.
• Hero MotoCorp is the largest shareholder in Ather, with a stake of 37.2%, but isn't selling a single share. That's a confidence level in the brand!
• Pre-IPO Placement: Ather is also raising ₹620 crore before IPO. This amount would be adjusted from the fresh issue size in case the placement happens.

The Ather Energy IPO is structured as a Book Built, with its total issue amount set at ₹2,980.76 crores. The IPO comprises an 8.18 crore equity share fresh issue for ₹2,626.00 crores combined with a 1.11 crore OFS stock sale of ₹354.76 crores.

The public subscription for the Ather Energy IPO extends from April 28 until April 30, 2025. The company set May 2, 2025 (Friday) as the day to finalize the allotment basis while planning for stock exchange listing on May 6, 2025 (Tuesday) on both BSE and NSE.

Important Dates for Ather Energy IPO

The initial public offering has set its pricing range from ₹304 to ₹321 per share.

Retail investors need to subscribe to one lot of 46 shares as their minimum investment requirement amounts to Investors seeking better chances of allotment in case of oversubscription should apply at the cutoff price point to invest ₹14,766.

For High Net-Worth Individuals (HNIs):

The smallest offering size for the sNII (small NII) group requires 644 shares costing approximately ₹2,06,724 at the minimum investment threshold of 14 lots.

Investors in the big NII category must invest at least 65 lots, amounting to ₹10,04,088.

Ather Energy IPO for Investors – Retail, sNII, bNII

The business engages top banking institutions, including Axis Capital Limited and HSBC Securities and Capital Markets (India) Pvt Ltd and JM Financial Limited, and Nomura Financial Advisory and Securities (India) Pvt Ltd, to handle the IPO management.

Axis Capital Limited

HSBC Securities and Capital Markets (India) Pvt Ltd

JM Financial Limited

Nomura Financial Advisory and Securities (India) Pvt Ltd

Link Intime India Private Ltd operates as the registrar for the Ather Energy IPO to manage the allotment process and refunds and perform listing formalities.

Chasing the Revolution in EV

Started by dynamic duo Tarun Mehta and Swapnil Jain, Ather Energy is the epitome of revolution, just like the tagline of one of its popular vehicles, the tech-savvy Ather 450X! The company seems to be moving in the right direction for riding the EV wave in India!

But Ather is not stopping at scooters. They have been building a full-fledged EV ecosystem, complete with charging infrastructure, making it easier than ever for Indians to switch to electric.

The IPO proceeds will supercharge their plans, helping them:

• Expand across new cities.
• Launch innovative products.
• Strengthen the operational backbone.

India's Second EV IPO

This is big news for the EV industry! Ather Energy will become the second electric vehicle manufacturer in India to go public, following Ola Electric Mobility’s blockbuster IPO in August 2024. If Ola’s debut was any indication, Ather is set to make quite the splash in the market!

SEBI’s Approval Frenzy: IPO Wave Hits the Market!

Ather Energy isn’t the only one gearing up for its big moment on the stock exchanges. SEBI’s recent approvals signal a vibrant IPO season, with five other companies also receiving the green light to go public. Here’s a closer look at these players set to enter the limelight:

Ivalue Infosolutions IPO

Ivalue Infosolutions is a prominent player in the IT distribution sector, which focuses on delivering cutting-edge technology solutions to enterprises. Cybersecurity, data management, and so on, have carved out niches for this company in India's rapidly growing IT landscape.

Oswal Pumps IPO

Oswal Pumps is known for its high-quality water pumps and industrial solutions.  It is going to raise its profile with the much-awaited IPO for investors who seek to capitalize on the infrastructure and agricultural boom.

Fabtech Technologies IPO

Fabtech Technologies is a player in the field of engineering and the pharmaceutical sectors, offering modular cleanrooms as well as other processing equipment turnkey solutions for pharma companies. With a booming pharma sector in India, this can be a strategic point of entry into the market for investors.

Quality Power Electrical Equipment IPO

Catering to the power and energy sector, Quality Power Electrical Equipment is a go-to transformer, reactor, and other electrical solution provider. This IPO happens at the best time to capture industry growth when India increases renewable energy projects and its power infrastructure.

Schloss Bangalore IPO

Known for luxury, Schloss Bangalore has already acquired a niche space in India's premium real estate and hospitality space. Therefore, the growth of aspirational living and tourism in India may attract those who are looking for high-quality lifestyle investments.

What Does This Mean for Investors?

These various industries come to the fore, and the approvals by SEBI bring wealth opportunities for investors. There are opportunities for all types of investors, be it technology and engineering sectors, lifestyle, or power solutions.

This IPO wave also highlights the resilience and growth potential of Indian businesses across sectors. Whether you’re a seasoned investor or a newcomer looking to diversify your portfolio, now is the time to stay alert and make informed decisions.

As Ather Energy and these five companies begin their journey to the stock market, the ride of India's growth is just fantastic. Buckle up—it is going to be an exciting journey!