Ather Energy IPO: Price, Expected Date, GMP, Details

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4 weeks ago

Ather Energy, established in 2013, is a leading electric vehicle (EV) company in India. Known for its innovation in electric two-wheelers (E2W), Ather has gained significant attention as it plans to launch its initial public offering (IPO). Here’s everything you need to know about the Ather Energy IPO, including its price, GMP, shareholder quota, and more.

Ather Energy IPO Details

Ather Energy’s IPO is eagerly anticipated by investors and enthusiasts alike. The company focuses on designing and developing electric scooters, battery packs, and charging infrastructure from the ground up. As of FY 2024, Ather captured 11.5% of the Indian E2W market, selling 1,09,577 units and ranking third behind Ola Electric and TVS Motor Company.

Key Information:

Ather Energy IPO Date: The IPO date is expected to be announced soon, generating excitement among potential investors.
Ather Energy IPO Expected Date: Market speculations suggest the IPO may launch in the upcoming months.
Ather Energy IPO Price: The IPO price band will be disclosed in the red herring prospectus (RHP).
Ather Energy IPO Size: Details about the size of the IPO will be revealed closer to the launch date.
Ather Energy IPO Listing Date: The listing date will follow shortly after the IPO subscription process is completed.
Ather Energy IPO Shareholder Quota: To be eligible for the shareholder quota, investors must hold shares of Hero MotoCorp, Ather’s parent company, as of the RHP filing date.
Ather Energy IPO Shareholder Quota Record Date: The record date will be specified in the RHP to determine shareholder eligibility.

Financial Summary of Ather Energy

Below is a financial summary of Ather Energy over recent years:

Financial Metrics	31 Mar 2023	31 Mar 2022	31 Mar 2021	31 Mar 2020
Total Revenue	1,806.1	413.8	86.3	48.8
Total Expenses	2,611	717.9	291.5	244.7
Profit Before Tax	-864.5	-344.1	-233.2	-219.9

Strengths of Ather Energy

Ather Energy has several strengths that position it as a leader in the EV market:

Innovative Features: Ather was the first in India to introduce features such as a touchscreen dashboard, trip planner, and internet connectivity.
Premium Product Lineup: The company’s focus on quality enables it to sell its products at a premium price.
Strong R&D Capabilities: In-house research and development drive Ather’s technological advancements.
Manufacturing Capacity: Ather has expanded its manufacturing capacity significantly, from 21,300 units per year in 2021 to 2,66,850 units per year in 2024.
Market Expansion: With 208 experience centers and 191 service centers in India, as well as operations in Nepal, Ather is rapidly scaling its footprint.

Risks and Challenges

Despite its strengths, Ather Energy faces several challenges:

Dependence on Ather 450X: Heavy reliance on a single product line poses a significant risk.
Negative Cash Flow: The company has reported negative cash flows since its inception.
Subsidy Uncertainty: Changes in government subsidies, such as the transition from the FAME scheme to EMPS, could impact pricing.
Management Dependency: Key management changes could disrupt operations and strategy.

Ather Energy’s Competitors: Ola Electric and More

Ola Electric, a major competitor, has consistently outperformed Ather in market share. Investors often compare the two companies to evaluate growth potential.

Hero Fincorp IPO

Hero finCorp, Ather’s parent company, is also preparing for its own IPO of Hero Fincorp, further bolstering its presence in the financial and automotive sectors.

FAQs: People Also Ask

Is Ather Energy IPO Coming?

Yes, Ather Energy is gearing up for its IPO, with dates and price bands to be announced soon.

Is Ather Listed on the Stock Market?

Currently, Ather Energy is not listed on the stock market.

Who is the Parent Company of Ather Energy?

Hero MotoCorp holds a significant stake in Ather Energy and is its parent company.

Conclusion

The Ather Energy IPO is a significant milestone for the Indian EV market. With its strong R&D capabilities, innovative products, and growing market presence, Ather has positioned itself as a premium EV brand. Investors are keenly watching developments related to its IPO price, GMP, and shareholder quota. Stay tuned for more updates as Ather Energy gears up for its much-anticipated market debut.