Ather launch there IPO 💯 Full detail in discription | ather electric scooter | best electric scooter

Ather launch there IPO 💯 Full detail in discription | ather electric scooter | best electric scooter
Ather Energy, the Bengaluru-based electric two-wheeler manufacturer, is set to launch its Initial Public Offering (IPO) from April 28 to April 30, 2025. The company has priced the shares between ₹304 and ₹321 each, aiming to raise approximately ₹3,100 crore through a combination of a fresh equity issuance and an Offer for Sale (OFS) of 2.2 crore shares by promoters and investors.

### Key Details:

- **IPO Size**: ₹3,100 crore (approximately $350 million)
- **Price Band**: ₹304–₹321 per share
- **Offer Structure**:
- **Fresh Issue**: Funds to be used for establishing a new manufacturing facility in Maharashtra, research and development, debt repayment, and marketing initiatives.
- **Offer for Sale (OFS)**: Existing shareholders, including promoters Tarun Mehta and Swapnil Jain, will offload shares. Notably, Hero MotoCorp, Ather's largest shareholder with a 40% stake, has opted not to sell any shares in this IPO.

- **Anchor Investor Bidding**: Begins on April 25, 2025
- **Public Bidding**: Opens on April 28 and closes on April 30, 2025

### Company Overview:

Founded in 2013 and backed by Hero MotoCorp, Ather Energy is a prominent player in India's electric two-wheeler market. Despite being an early entrant in 2018, the company faces stiff competition from rivals like Ola Electric, TVS Motor, and Bajaj Auto. Ather's premium scooter, 'Rizta,' has contributed to a 28% increase in revenue for the nine months ending December 2024. The company plans to further reduce costs with a new vehicle platform.

### Financial Snapshot:

- **Revenue (FY24)**: ₹1,753 crore (1.7% YoY decline)
- **Net Loss (FY24)**: ₹1,059 crore (widened from ₹864.5 crore in FY23)
- **Cash Position**: ₹506 crore at the end of FY24, up from ₹368 crore in FY23

For more detailed information, you can refer to the company's Draft Red Herring Prospectus (DRHP) or consult with a financial advisor.
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