Ather Energy ipo date, Share Price Target Tomorrow, 2025, 2026, 2030
Ather Energy makes and sells high-quality electric scooters including the Ather 450X, 450s, and Ather Rizta, and is known for their strong performance, touchscreen dashboardscontrols, and smart features. Also, it has created a fast-charging network called Ather Grid and its software, Atherstack, which lets users get updates. The company makes its battery packs and assembles scooters in Tamil Nadu, with plans to expand to a new plant in Maharashtra. It is known for offering premium products and is one of the top electric two-wheeler brands in India.
- 1 What is Ather Energy Ltd IPO?
- 2 Ather Energy IPO Details
- 3 Ather Energy share price Target Tomorrow
- 4 Ather Energy share price Target 2025
- 5 Ather Energy share price Target 2026
- 6 Share price Target 2027
- 7 Share price Target 2028
- 8 Share price Target 2029
- 9 Ather Energy share price Target 2030
- 10 Share price Target 2040
- 11 Share price Target 2050
- 12 Should i buy Ather Energy stock?
- 13 Ather Energy earnings results (Financials)
- 14 Is Ather Energy stock good to buy? (bull case & bear case)
- 15 Ather Energy IPO Promoter Holding
- 16 Objects of the Issue (Ather Energy IPO Objectives)
- 17 Ather Energy Ltd ipo GMP
- 18 Conclusion
- 19 FAQs
What is Ather Energy Ltd IPO?
Ather Energy was founded in 2013, It is situated in Bangalore, India. Its co-founders are Tarun Mehta and Swapnil Jain. The company makes high-performance electric scooters, such as the Ather 450x, which are known for their smart features, fast charging, and advanced technology like touchscreens and smartphone connectivity. Its goal is to promote electric vehicles in India by offering eco-friendly and tech-saving transportation options. The company is also building a network of fast-charging stations called Ather Grid. This company is also supported by big investors like Hero MotoCorp, and it is leading the shift towards electric mobility in India.
Ather Energy IPO Details
| IPO Date | 28 April 2025 to 30 April 2025 |
| Listing Date | [.] |
| Face Value | ₹1 per share |
| Price Band | ₹304 to ₹321 per share |
| Minimum Investment | ₹13984 |
| Lot Size | 46 Shares |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 29,06,43,469 shares |
| Share Holding Post Issue | 37,24,59,668 shares |
Its stock could do well after listing because it has solved many lacking of EV vehicles it its new electric scooters, a strong focus on research, and good financial results. As More people are interested in electric vehicles in India, the company is in a good position to grow. So at the listing time it could show a good movement in the stock market.
| Day | Minimum Price (Rs) | Maximum Price (Rs) |
| Tomorrow | -15 | +48 |
The company’s vehicles and batteries are made at its factory in Hosur, Tamil Nadu. The company make a unique design, using software to improve its products, targeting the premium market, and running efficiently with the smart use of resources. The company also holds many patents, trademarks, and designs, showing its focus on innovation. As of the most recent update, it employs a large team, with both full-time and part-time staff. Also, the company sold 107,983 E2WS and 109,577 E2WS in the nine months ended December 31, 2024 and Fiscal Year 2024, respectively. In 2025, its share price target would be ₹490, as per our analysis.
By our prediction, its share price would be between ₹251 to ₹ in 2025.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2025 | 251 | 490 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | — | — |
| February | — | — |
| March | — | — |
| April | 285 | 383 |
| May | 270 | 388 |
| June | 251 | 399 |
| July | 287 | 410 |
| August | 311 | 425 |
| September | 315 | 441 |
| October | 344 | 456 |
| November | 368 | 470 |
| December | 391 | 490 |
It mainly focuses on the related products like software, charging stations, and smart accessories. All of these products are designed by the company in India. The company makes its battery, and portable chargers and motors are designed and made by suppliers. Other important parts of the electric two-wheelers, like motor controllers, transmissions, vehicle control units, dashboards, DC-DC converters, wiring, and the frame, are designed by the company and then made by suppliers. In 2026, its share price target would be ₹678, as per our prediction.
Its share price would be between ₹391 to ₹678 in 2026, as per our analysis.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2026 | 391 | 678 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 391 | 500 |
| February | 398 | 514 |
| March | 407 | 525 |
| April | 410 | 537 |
| May | 421 | 558 |
| June | 430 | 574 |
| July | 461 | 590 |
| August | 478 | 610 |
| September | 500 | 628 |
| October | 520 | 640 |
| November | 551 | 659 |
| December | 580 | 678 |
It makes all the software for its products, which powers its electric scooters. The company is one of the biggest competitors in the electric scooter market, according to the CRISIL Report. It focuses on creating high-quality products that are easy to use, and its scooters are priced higher than most others. The company’s first scooter, the Ather 450, was a strong product for electric scooters in India. It was the first to include features like a 3g SIM card, a touchscreen dashboard, an aluminium frame, and cloud connection, as mentioned in the CRISIL Report. In 2027, its share price target would be ₹850, as per our analysis.
By our prediction, its share price would be between ₹580 to ₹850 in 2027.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2027 | 580 | 850 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 580 | 691 |
| February | 600 | 718 |
| March | 609 | 730 |
| April | 618 | 748 |
| May | 630 | 753 |
| June | 627 | 774 |
| July | 638 | 789 |
| August | 651 | 800 |
| September | 670 | 814 |
| October | 688 | 825 |
| November | 710 | 838 |
| December | 751 | 850 |
It made the first electric scooter to reach a top speed of 80 km/h, which is similar to what regular petrol-powered scooters can do. At the time, it had the highest top speed of any electric scooter in India. Today, it offers two main electric scooter models – the Ather 450 series, designed for people looking for high-performance scooters, and the Ather Rizta series, aimed at customers who need a practical scooter for their family. The Ather Rizta has a broad seat, WhatsApp notifications on the dashboard, voice commands via Alexa, up to 56 L of storage, and introduced traction control to Indian electric scooters. In 2028, its share price target would be ₹, as per our prediction.
Its share price would be between ₹ to ₹ in 2028, as per our analysis.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2028 | 751 | 1030 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 751 | 871 |
| February | 774 | 886 |
| March | 788 | 899 |
| April | 796 | 924 |
| May | 818 | 938 |
| June | 829 | 950 |
| July | 842 | 967 |
| August | 850 | 979 |
| September | 868 | 990 |
| October | 879 | 1000 |
| November | 910 | 1011 |
| December | 941 | 1030 |
It provides charging stations, accessories, and Atherstack, their software that runs the scooters. It was the first company to create a fast charging network for electric scooters in India, called the Ather Grid. Atherstack also added new features like updates over the internet and ride stats on the Ather app. It had a total of 69 features, which makes it a unique EV amongst the competitors. In 2029, its share price target would be ₹1200, as per our analysis.
By our prediction, its share price would be between ₹941 to ₹1200 in 2029.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2029 | 941 | 1200 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 941 | 1048 |
| February | 957 | 1060 |
| March | 978 | 1081 |
| April | 990 | 1098 |
| May | 1000 | 1119 |
| June | 1017 | 1128 |
| July | 1028 | 1139 |
| August | 1037 | 1148 |
| September | 1055 | 1155 |
| October | 1080 | 1175 |
| November | 1100 | 1185 |
| December | 1142 | 1200 |
It has a strong system for designing both products and its technologies. This system works for both hardware and software. By using this approach, it sets new standards for performance, efficiency, and user experience in the electric two-wheeler (E2W) market. Its R&D team has employees working at three R&D centres in Bengaluru. A large part of its workforce is focused on R&D. Around the world, it holds many trademarks, designs, and patents, along with applications for more. In 2030, its share price target would be ₹1389, as per our prediction.
Its share price would be between ₹1142 to ₹13891389 in 2030, as per our analysis.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2030 | 1142 | 1389 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 1142 | 1222 |
| February | 1150 | 1240 |
| March | 1148 | 1256 |
| April | 1151 | 1267 |
| May | 1144 | 1280 |
| June | 1161 | 1300 |
| July | 1184 | 1311 |
| August | 1198 | 1329 |
| September | 1220 | 1340 |
| October | 1229 | 1357 |
| November | 1247 | 1371 |
| December | 1258 | 1389 |
The company makes electric scooters and batteries using lithium-ion cells from suppliers at its factory near Hosur, Tamil Nadu. The factory produces 420,000 electric scooters and 379,800 batteries each year. The company is also building a new Factory in Maharashtra. When it’s finished, the factory will be able to make 1.42 million electric scooters. The company works with third-party partners who run experience centres and service centres in India, and has authorised distributors in Nepal and Sri Lanka. It has 265 experience centres and 233 service centres in India, five experience centres and four service centres in Nepal. In 2040, its share price target would be ₹3810, as per our analysis.
By our prediction, its share price would be between ₹3014 to ₹3810 in 2040.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2040 | 3014 | 3810 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 3014 | 3146 |
| February | 3055 | 3184 |
| March | 3100 | 3230 |
| April | 3124 | 3249 |
| May | 3171 | 3290 |
| June | 3248 | 3357 |
| July | 3280 | 3400 |
| August | 3354 | 3489 |
| September | 3378 | 3591 |
| October | 3458 | 3645 |
| November | 3584 | 3734 |
| December | 3681 | 3810 |
The company has been struggling financially for the past few years, always losing money. Although its income has grown, it still hasn’t made a profit, and its losses are increasing. The company’s earnings and return on net worth are negative, showing it’s facing ongoing financial problems. The price of its current issue seems too high, considering the company’s financial health. It also has a lot of debt. The negative profit margins over the past few years and this year so far show how difficult it is for the company to make a profit. Overall, the company’s financial situation is weak, with continuous losses, high debt, and no profits, but as EVs company has a bright future, so it could do better in the future. In 2050, its share price target would be ₹7571, as per our prediction.
Its share price would be between ₹6824 to ₹7571 in 2050, as per our analysis.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2050 | 6824 | 7571 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
| January | 6824 | 6970 |
| February | 6839 | 7011 |
| March | 6874 | 7088 |
| April | 6955 | 7180 |
| May | 7022 | 7230 |
| June | 7074 | 7288 |
| July | 7130 | 7330 |
| August | 7156 | 7368 |
| September | 7178 | 7390 |
| October | 7255 | 7425 |
| November | 7300 | 7478 |
| December | 7390 | 7571 |
Should i buy Ather Energy stock?
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
| 2025 | 251 | 490 |
| 2026 | 391 | 678 |
| 2027 | 580 | 850 |
| 2028 | 751 | 1030 |
| 2029 | 941 | 1200 |
| 2030 | 1142 | 1389 |
| 2040 | 3014 | 3810 |
| 2050 | 6824 | 7571 |
It is one of the first companies to enter India’s electric scooter market, but it is still behind its competitors like Ola Electric, TVS Motor, and Bajaj Auto in sales and market share. In 2024, it reported a loss of ₹1,059 crore, with ₹1,753 crore in revenue, showing it’s still facing money problems. The company plans to use its resources to grow the business, improve its products, and advertise, which might help it do better in the future.
Ather Energy earnings results (Financials)
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 35 | 80 | 408 | 1,781 | 1,754 |
| Expenses + | 220 | 257 | 670 | 2,488 | 2,438 |
| Operating Profit | -185 | -177 | -261 | -708 | -685 |
| OPM % | -523% | -222% | -64% | -40% | -39% |
| Other Income + | 14 | 7 | 5 | 21 | -139 |
| Interest | 24 | 28 | 40 | 65 | 89 |
| Depreciation | 25 | 35 | 48 | 113 | 147 |
| Profit before tax | -220 | -233 | -344 | -864 | -1,060 |
| Tax % | 0% | 0% | 0% | 0% | 0% |
| Net Profit + | -220 | -233 | -344 | -864 | -1,060 |
| EPS in Rs | — | — | — | — | — |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Is Ather Energy stock good to buy? (bull case & bear case)
Bull Case:
- It is a very big competitor in India’s electric scooter market with cool and innovative products.
- The company has grown its customer base a lot, from 23,000 in March 2022 to 114,000 in March 2024.
- Hero MotoCorp, a big player in the industry, owns a large stake and provides financial support.
- The Indian government supports electric vehicles with subsidies, which helps the company grow.
Bear Case:
- It lost ₹1,059.7 crore in FY24, showing it’s still struggling to make a profit.
- Most of its sales (68%) come from Southern India, which limits its reach across the country.
- The company has a low interest coverage ratio.
- The company has a low return on equity of -161% over the last 3 years.
Ather Energy IPO Promoter Holding
Tarun Sanjay Mehta, Swapnil Babanlal Jain, and HMCL are the company promoters.
| Share Holding Pre Issue | 54.61% |
| Shareholding Pre-Issue | Share Holding Pre-Issue |
Objects of the Issue (Ather Energy IPO Objectives)
- Capital to set up an electric scooter factory in Maharashtra, India
- Repayment or early payment of some company loans
- Investment in research and development
- Spending on marketing and advertising
- Funds for general business purposes
Ather Energy Ltd ipo GMP
| Date | IPO GMP | Kostak | Subject to |
| 28 April | ₹5 | ₹- | ₹- |
| 26 April | ₹5 | ₹- | ₹- |
| 25 April | ₹5 | ₹- | ₹- |
| 24 April | ₹10 | ₹- | ₹- |
| 23 April | ₹20 | ₹- | ₹- |
| 22 April | ₹40 | ₹- | ₹- |
Conclusion
It makes electric scooters in India, like the Ather 450x and Ather Rizta, which are known for their good performance and smart features. The company is also building a network of charging stations called Ather Grid. Although Ather has had some financial difficulties and losses recently, it is working on increasing its production and getting help from the government to support electric vehicles. Investors should be aware of the company’s financial challenges before making any decision.
