Ather’s IPO is set to take off on a strong start after Asset Management Companies (AMC) such as SBI, Invesco Mutual Fund, and Birla showed interest, as per a report by Autocar Professional. The IPO is set to go public on Monday, however, will open to anchor investors starting Friday. Investors from abroad, such as Franklin Offshore, Abu Dhabi Investment Authority, and Morgan Stanley are also expected to get in at the anchor investor stage.
Ather IPO — More details
As per the report, Ather is looking at a valuation of Rs 12,500 crore to Rs 12,900 crore. There are also reports that Ather Energy will seek a valuation of Rs 11,926 crore. Ather will be the second electric two-wheeler manufacturer to go public, after Ola which secured Rs 6,146 crore valuation.
Ather sold 15,446 units in March 2025, taking a 12% market share, while for the fiscal year, Ather sold 130,737 units as compared to the previous year’s 108,936 units. The EV maker’s revenue for the last FY stood at Rs 1,753 crore as compared to Rs 1,780 crore in FY23. However, the company’s net losses stood at Rs 1,059 crore as compared to Rs 864 crore from the year before.
Ather Energy currently sells two popular models, the 450 series and the Rizta. The former is available in two versions, S, and X, while the Rizta caters to the family crowd. In the Indian EV two-wheeler segment, Ather ranks fourth, competing with big manes in the industry such as Bajaj and TVS.
