The preliminary public providing (IPO) of Ather Vitality Ltd. will open for subscription on Monday, April 28. The Bengaluru-based electrical two-wheeler maker goals to boost Rs 2,980.76 crore via its public supply.
These on this IPO ought to assessment these particulars earlier than making their funding selections.
Ather Vitality Ltd. IPO Key Particulars
The mainboard problem of Ather Vitality Ltd. is a bookbuilding problem value Rs 2,980.76 crore. The IPO includes a recent problem of 8.18 crore shares value Rs 2,626 crore, together with an offer-for-sale (OFS) of 1.11 crore shares, amounting to Rs 354.76 crore.
The shares supplied within the IPO are divided into completely different investor classes. Certified Institutional Consumers (QIBs) will probably be allotted a minimum of 75% of the web problem measurement, whereas retail traders can anticipate as much as 10% of the web supply. The corporate has put aside 15% of the web problem measurement for Non-Institutional Traders (NIIs).
Traders can place bids for no less than a single lot measurement of 46 shares. Retail traders can make investments a minimal of Rs 14,766 per lot measurement. The IPO worth band has been mounted at Rs 304 to Rs 321 per share.
The Ather Vitality IPO will stay open for subscription until Wednesday, April 30. The tentative date for allotment of shares is Friday, Could 2. The corporate will provoke refunds and switch of shares to the Demat accounts on Could 5.
The IPO itemizing date has been tentatively mounted as Tuesday, Could 6. Shares of Ather Vitality will probably be listed on the NSE and BSE.
JM Monetary, HSBC Securities, Axis Capital and Nomura India are serving because the book-running lead managers for the IPO. Hyperlink Intime India has been appointed because the official registrar for the general public providing.
Ather Vitality IPO GMP
As of April 23, 2025, at 9:02 a.m., the gray market premium (GMP) for Ather Vitality’s IPO stood at Rs 17, in keeping with Investorgain. On the higher worth band of Rs 321 per share, the estimated itemizing worth stands at Rs 338, indicating a possible achieve of round 5.29% per share.
Word: GMP isn’t an official supply of knowledge and is predicated on hypothesis.
Ather Vitality: Enterprise And Financials
Ather Vitality started its journey in 2013 as a school venture by IIT Madras alumni Tarun Mehta and Swapnil Jain. Somewhat than speeding to market, the founders spent a number of years perfecting the technical and mechanical facets of their electrical scooter earlier than launching their first mannequin in 2018. Their second product, the Rizta — a family-friendly scooter — was launched in 2024, serving to the corporate increase its presence into new markets.
Use of Proceeds
Ather Vitality plans to make use of the funds raised from its IPO for a number of functions. A portion will go in direction of organising a brand new electrical two-wheeler manufacturing facility in Maharashtra. The corporate additionally intends to repay or prepay sure excellent loans, spend money on its ongoing analysis and growth efforts and allocate funds to increase its advertising and marketing campaigns. Moreover, a part of the proceeds will probably be used for basic company functions.
Financials
For the 9 months ended December 31, 2024, the corporate reported a income of Rs 1,617.4 crore. For the complete monetary 12 months 2023-24, the corporate recorded a income of Rs 1,789.1 crore and Rs 1,801.8 crore in FY23. Regardless of regular income, Ather continued to function at a loss. The E-scooter maker reported a internet lack of Rs 577.9 crore for the primary 9 months of FY25. The corporate’s losses had been Rs 1,059.7 crore in FY24 and Rs 864.5 crore in FY23.
Disclaimer: Investments in preliminary public choices are topic to market dangers. Please seek the advice of with monetary advisors and skim the pink herring prospectus totally earlier than inserting bids.
. Learn extra on IPOs by NDTV Revenue.
