Ather Energy’s Upcoming IPO Set To Be Valued At $2.4 Billion

After securing the Securities and Exchange Board of India’s clearance for its IPO, Ather Energy is likely to be seeking a valuation of $2.4 billion (i.e. around ₹2,072.40 crore) post-going public. This marks an 80 per cent premium jump over the valuation of $1.8 billion (₹1554.30 crores, approximately) last year, during which it raised fresh funds from an existing investor, National Investment and Infrastructure Fund, in August, helping it gain Unicorn status.

Earlier while seeking approval from SEBI, Ather had laid down its IPO structure which included a fresh equity share of ₹3,100 crore and an offer-for-sale of 2.2 crore shares from existing investors. While both founders, Swapnil Jain and Tarun Mehta will offer their shares through the OFS, its largest shareholder Hero MotoCorp will not participate in the share sale. But with the latest update, Ather’s valuation will seem to bring a lot of good news for its existing investors. 

Ather is expected to file its updated draft red herring prospectus (DRHP) later this month or early February. The brand will use the amount raised from the IPO to further its expansion plans.The Bengaluru-based EV is already in the advanced stages of establishing a new manufacturing plant in Maharashtra, which will have the capacity to produce 1 million vehicles annually. A significant portion will also go into research and development, as the company plans to launch a new e-scooter series as well as get into the world of e-motorcycles.

Recently, Ather launched the 2025 iteration of the 450 series scooters. The Ather 450X and 450S saw some crucial upgrades, while the Ather 450 Apex more or less remained the same. To know more check out our review below: