Priyanka Tiwari
Share
Bengaluru-based electric scooter manufacturer Ather Energy is planning to offer its shares to the public for the first time ((IPO)) with a share range of ₹304–₹321 each. The IPO will go live on April 28 and will close on April 30, 2025. This price offer will most likely provide excellent value for earlier investors and the company’s proprietors.
Tiger Global Internet Fund III Pte: Equity Stake: 6.56% (1.98 Crore Shares). Average Cost: 38.58. Remaining Value in CROI: 655 crore. Returns: 7X
Investor Value After Ather Energy IPO Price
GIC’s Caladium Investment: Equity Stake: 15.43% (4.65 Cr Shares). Average Cost: 204.24 Remaining Value in CROI: 1393 crore. Returns: 3X
National Investment and Infrastructure Fund (NIIF): Equity Stake: 6.77% (2.04 crore shares). Average Cost: 183.71 crore. Remaining VAlue in CROI: 655 crores świadectwa.
Founders' Stake
Co-founders Tarun Mehta and Swapnil Jain each hold 2.06 crore shares which equates to 6.81% stake each, which was purchased at an average of ₹43.27 per share. At the upper end of the IPO price band, their respective holdings are valued at approximately ₹659 crore.
Major Stakeholder
The principal stakeholder Hero MotoCorp possesses a 38.19% stake (11.51 crore shares) at an average of ₹145.99 per share. This stake is now valued at approximately ₹3,694 crore at the top end of the IPO price band.
IPO Details
Price Band: ₹304–₹321 per share
Subscription Dates: April 28–30, 2025
Anchor Investor Bidding: April 25, 2025
Issue Size: Estimated at ₹2,980.76 crore with the new issue sized at ₹2626 crore and an offer for sale capped at 1.1 crore shares.
Listing Date: 6 May 2025 on BSE and NSE (expected)
Financial Performance
Ather Energy’s revenue for nine months for the period ending December 2024 stands at ₹1,578.90 crore which is higher than ₹1,230.40 crore last year. The net loss also reduced to ₹577.90 crore from the previous ₹776.40 crore.
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