{"id":1293973,"date":"2025-04-23T07:04:53","date_gmt":"2025-04-23T01:34:53","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1293973"},"modified":"2025-04-23T07:07:30","modified_gmt":"2025-04-23T01:37:30","slug":"rs-3000-crore-ather-ipo-will-have-rs-304-rs-321-price-band","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/rs-3000-crore-ather-ipo-will-have-rs-304-rs-321-price-band\/","title":{"rendered":"Rs 3000 Crore Ather IPO Will Have Rs 304 – Rs 321 Price Band"},"content":{"rendered":"\n

Bengaluru-based EV manufacturer Ather Energy Ltd.<\/strong> has announced its Initial Public Offering (IPO), setting the price band between Rs 304 and Rs 321 per share<\/strong>, according to a public advertisement released Wednesday. At the upper limit, the IPO is expected to raise Rs 3,000 crore<\/strong>, valuing the company at Rs 12,000 crore<\/strong>.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

This will be the first mainboard IPO of the current financial year<\/strong>, signaling a cautious return of investor sentiment after months of market volatility.<\/p>\n\n\n\n

\n\n\n\n

IPO Structure and Employee Discount<\/h3>\n\n\n\n

The offering consists of:<\/p>\n\n\n\n

    \n
  • A fresh issue of shares worth Rs 2,626 crore<\/strong><\/li>\n\n\n\n
  • An offer for sale of 11.05 lakh equity shares<\/strong><\/li>\n<\/ul>\n\n\n\n

    Co-founders Tarun Mehta<\/strong> and Swapnil Jain<\/strong> are set to offload nearly 1 million shares each<\/strong>. Meanwhile, Hero MotoCorp<\/strong>, which owns a 37.5% stake<\/strong>, has opted not to sell<\/strong> its shares in this offering.<\/p>\n\n\n\n

    Employees of Ather are being offered a Rs 30 discount per share<\/strong>, with the minimum bid set at 46 shares or multiples thereof<\/strong>.<\/p>\n\n\n\n

    \n\n\n\n

    Financial Metrics & Market Context<\/h3>\n\n\n\n

    Due to losses reported for the financial year ending March 2024<\/strong>, a price-to-earnings (P\/E) ratio<\/strong> could not be provided for this IPO. This makes the issue more speculative for investors focused on profitability.<\/p>\n\n\n\n

    Despite its smaller size compared to past IPOs, Ather\u2019s listing will be closely watched as it follows turbulent developments at BluSmart (Gensol Engineering Ltd.)<\/strong> and Ola Electric Mobility Ltd.<\/strong>\u2014two other notable players in India\u2019s EV ecosystem.<\/p>\n\n\n\n

    \n\n\n\n

    Why This IPO Matters<\/h3>\n\n\n\n
      \n
    • Revives primary market activity<\/strong> amid cautious optimism<\/li>\n\n\n\n
    • Tests investor appetite<\/strong> in the EV segment<\/li>\n\n\n\n
    • Backed by Hero MotoCorp<\/strong>, a major auto player maintaining full ownership<\/li>\n<\/ul>\n\n\n\n
      \n\n\n\n

      Investors now await subscription dates and the official listing. Ather\u2019s IPO will not only raise capital but also serve as a benchmark for future EV IPOs in India.<\/p>\n\n\n\n

      <\/p>\n","protected":false},"excerpt":{"rendered":"

      Bengaluru-based EV manufacturer Ather Energy Ltd. has announced its Initial Public Offering (IPO), setting the price band between Rs 304 and Rs 321 per share, according to a public advertisement released Wednesday. At the upper limit, the IPO is expected to raise Rs 3,000 crore, valuing the company at Rs 12,000 crore. This will be […]<\/p>\n","protected":false},"author":30,"featured_media":1293989,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[124],"tags":[7647,4336],"class_list":["post-1293973","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automobile","tag-asther","tag-ather-bike"],"acf":[],"yoast_head":"\nRs 3000 Crore Ather IPO Will Have Rs 304 - Rs 321 Price Band - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/rs-3000-crore-ather-ipo-will-have-rs-304-rs-321-price-band\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rs 3000 Crore Ather IPO Will Have Rs 304 - Rs 321 Price Band - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"Bengaluru-based EV manufacturer Ather Energy Ltd. has announced its Initial Public Offering (IPO), setting the price band between Rs 304 and Rs 321 per share, according to a public advertisement released Wednesday. 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