Ather Energy IPO Subscription – Live Status

Ather Energy’s Comparison with Competitors

Ather Energy IPO GMP

Ather Energy IPO: 10 Key Points

Ather Energy IPO Allotment

Ather Energy IPO subscription starts on 28 April 2025 and will close on 30 April 2025. The company plans to raise around INR 2,961.97 – 2,980.76 crore via the IPO. The price band is fixed at INR 304 – 321 per share, with an additional employee discount of INR 30 per share requiring a minimum investment of INR 14,766 for a single lot of 46 shares. The retail quota is 10%, QIB is 75%, and NII is 15%.

Check Ather Energy IPO Subscription Status here. The subscription figures are taken from BSE and NSE and are updated at regular intervals. Here you can find Ather Energy IPO Subscription Status segregated by days and investor categories.

Ather Energy IPO Subscription Status – Live Updates

Category	QIB	NII	Retail	Employee	Total
Shares Offered	2,89,27,363	1,46,01,478	97,34,319	1,00,000	5,33,63,160
30 Apr 2025	1.70	0.66	1.77	5.42	1.43
29 Apr 2025	0.00	0.27	1.12	3.18	0.28
28 Apr 2025	0.00	0.16	0.63	1.78	0.16

Shares allotted to anchor investors are not included in these calculations. Similarly, shares allotted to market makers, if any, are not part of these calculations.

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Ather Energy – Business Background

Ather Energy is a leading electric two-wheeler (E2W) company in India, founded in 2013 by Tarun Mehta and Swapnil Jain. Known for its premium electric scooters, Ather designs and manufactures E2Ws, battery packs, software, and charging infrastructure in-house, ensuring complete control over quality and innovation.

Backed by Hero MotoCorp (32% stake) and over USD 160 million in funding, Ather sold 1,09,577 E2Ws in FY24, making it the third-largest E2W player in India by volume. Its Hosur facility has an annual capacity of 4,20,000 E2Ws and 3,79,800 battery packs, with impressive assembly times of 48 seconds per scooter and 43 seconds per battery.

Ather’s ecosystem includes Atherstack, a software suite with 64 features, and Ather Grid, a fast-charging network. With 208 experience centers in 154 cities and 191 service centers, Ather follows an asset-light distribution model. In January 2024, it introduced ExpressCare centers for one-hour servicing.

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Investor Categories in Ather Energy IPO Subscription

The three most important categories of IPO investors defined by SEBI are part of Ather Energy IPO.

Qualified Institutional Buyers (QIB) – Examples of QIBs are Foreign Portfolio Investors (FPIs), Scheduled Commercial Banks, Mutual Funds, Venture Capital Funds, Foreign Venture Capital Investors (FVCIs), Alternative Investment Funds (AIFs), Insurance Companies, Provident Funds and Pension Funds with a minimum corpus of INR 25 crore.

Generally, 50% of the offer is reserved for QIBs. Some of these are classified as anchor investors which work towards stabilizing an IPO.

Non-Institutional Investor (NII) – These are affluent investors who can invest more than INR 2,00,000. In other words, these are High Networth Individuals (HNIs). Generally, 15% of the offer is reserved for this category. Bids in the category need to exceed INR 200,000. Typical examples include Category III FPIs, resident Indian individuals, HUFs (in the name of Karta), companies, corporate bodies, eligible NRIs, scientific institutions, societies, and trusts.

The NII category is further divided into two – big and small – the threshold application amount being INR 10,00,000 (INR 10 lakh).

Retail Individual Investor (RII) – This category is purely meant for small investors, whose bid must not exceed INR 200,000 per person. Usually, 35% of total shares are reserved for this category in the case of a company with profitable operations. If the IPO-bound company does not fulfill this criterion, only 10% of shares are reserved for retail investors. 

Employee – Shares reserved for company employees are not part of the Net Offer and there may additionally be a discount on offer price to encourage employees to subscribe. Investors in the employee category may also apply under the retail category in an IPO. Therefore, this category of IPO investors has a unique advantage.

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Ather Energy IPO Subscription Status FAQs