Ather Energy IPO Allotment Status

Summary

Ather Energy Limited, incorporated in 2013, is an Indian electric two-wheeler (E2W) company engaged in the design, development, and in-house assembly of electric scooters, battery packs, charging infrastructure, and supporting software systems. The Ather Energy IPO comes with a total issue size of ₹2,981.06 crore, comprising a fresh issue of 8.18 crore shares aggregating to ₹2,626.30 crore and an offer for sale of 1.11 crore shares aggregating to ₹354.76 crore. The IPO opened on April 28, 2025, and closed on April 30, 2025. The allotment date for the Ather Energy IPO is expected to be finalized on Friday, May 2, 2025.

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Steps to Check Ather Energy IPO Allotment Status on Registrar Site

• Visit Link Intime India Private Ltd website
• Select "Ather Energy IPO" from the dropdown menu on the allotment status page
• Enter your PAN ID, Demat Account Number, or Application Number in the designated field
• Complete the captcha verification process and click on the "Submit" button to view your allotment status

Steps to Check Ather Energy IPO Allotment Status on BSE/NSE

• Navigate to the BSE IPO Allotment Status Page
• Choose "Ather Energy IPO" from the list of active IPOs in the dropdown menu
• Input your Application Number and PAN ID in the required fields
• Verify the captcha and click "Search" to check your allotment status

Ather Energy IPO Subscription Status

Ather Energy IPO received moderate investor interest, being subscribed 1.50 times overall. Here is a category-wise breakdown of the subscription as of 6:19:33 PM on April 30, 2025:

• Retail Category: 1.89 times
• Qualified Institutional Buyers (QIB): 1.76 times
• Non-Institutional Investors (NII): 0.69 times
• bNII (bids above ₹10L): 0.74 times
• sNII (bids below ₹10L): 0.60 times
• Employee: 5.43 times
   

Utilization of IPO Proceeds 

The funds raised through the IPO will be utilized as follows:

• Capital Expenditure: For establishment of an E2W factory in Maharashtra, India
• Debt Repayment: Repayment/pre-payment, in full or part, of certain borrowings availed by the Company
• Research and Development: Investment in research and development
• Marketing: Expenditure towards marketing initiatives
• General Corporate Purposes: Supporting various business initiatives
   

Business Overview 

The company operates as a vertically integrated EV manufacturer with a focus on product and technology development. Ather Energy sold 107,983 E2Ws and 109,577 E2Ws in the nine months ended December 31, 2024 and Fiscal Year 2024, respectively. As of December 31, 2024, the company had 265 experience centres and 233 service centres in India, five experience centres and four service centres in Nepal, and ten experience centres and one service centre in Sri Lanka. The company's product ecosystem includes Ather Grid, a public fast-charging network for two-wheelers, and Atherstack, a proprietary software platform with 64 connected features as of July 2024, with a team of 2,454 people as of March 31, 2024.