Ather Energy IPO Anchor Allocation at 45.00%

Ather Energy IPO received a strong anchor allocation response, with 45.00% of the total IPO size subscribed by anchor investors. Out of the 9,28,58,599 shares on offer, anchor investors were allocated 4,17,45,576 shares, demonstrating significant market confidence. The anchor allocation details were reported to the stock exchanges on April 25, 2025, just ahead of the IPO opening on April 28, 2025.

The book-built issue of ₹2,980.76 crores comprises a fresh issue of 8,18,06,853 shares aggregating to ₹2,626.00 crores and an offer for sale of 1,10,51,746 shares aggregating to ₹354.76 crores. The price band is set at ₹304 to ₹321 per share, with a face value of ₹1 per share. This includes a share premium of ₹320 per share at the upper end of the price band.

The anchor allocation process, which took place on April 25, 2025, saw robust participation from institutional investors. The entire anchor allocation was made at the upper end of the price band, ₹321 per share, highlighting strong demand and confidence in the company's growth potential.
 

After the anchor allocation, the overall allocation of the IPO looks as follows:

The lock-in period for anchor investors is a critical aspect of the allocation. For Ather Energy IPO, the lock-in details are as follows:

• Lock-in Period (50% Shares): June 1, 2025
• Lock-in Period (Remaining Shares): July 31, 2025

This lock-in period ensures that anchor investors maintain their investments for a specified duration, contributing to stock price stability post-listing.
 

Anchor Investors in Ather Energy IPO

Anchor investors, typically large institutional investors, are allotted shares in an IPO before it opens to the public. The anchor allocation process plays a pivotal role in price discovery and instilling confidence among retail investors. The strong response from anchor investors often sets a positive tone for the public issue and influences the overall subscription levels.

On April 25, 2025, Ather Energy IPO completed the bidding for its anchor allocation. A total of 4,17,45,576 shares were allotted to anchor investors at the upper IPO price band of ₹321 per share, resulting in an overall anchor allocation of ₹1,340.03 crore. This represents 45.00% of the total issue size of ₹2,980.76 crore, indicating robust institutional demand.
 

Ather Energy IPO Key Details:

• IPO Size: ₹2,980.76 crores
• Shares Allocated to Anchors: 4,17,45,576
• Anchor Subscription Percentage: 45.00%
• Listing Date: May 6, 2025
• IPO Opening Date: April 28, 2025

About Ather Energy Limited and How to Apply

Incorporated in 2013, Ather Energy Limited 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 company operates as a vertically integrated EV manufacturer with a focus on product and technology development. Ather 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 established 265 experience centers and 233 service centers in India, five experience centers and four service centers in Nepal, and ten experience centers and one service center 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. Manufacturing is carried out at the Hosur Factory in Tamil Nadu, which had an annual installed capacity of 420,000 electric vehicles and 379,800 battery packs as of March 2024. As of February 28, 2025, the company had globally registered 303 trademarks, 201 designs, and 45 patents, with pending applications for 102 trademarks, 12 designs, and 303 patents. Ather's strategy is built on four pillars: vertically integrated design and engineering, a software-defined product ecosystem, premium market positioning, and capital-efficient operations. As of March 31, 2024, the company employed 2,454 people, including 1,458 on-roll employees and 996 off-roll staff.