Indian electric scooter maker Ather Energy sets IPO price band at 304-321 rupees per share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2025
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Source: Reuters
IPO Pricing and Size: Ather Energy has priced its shares for its IPO between 304-321 rupees, reducing the offering size to 26.26 billion rupees from an initial target of 31 billion rupees, with existing shareholders set to offload 11.1 million shares.
Market Position and Competition: Despite being a pioneer in the Indian e-scooter market since 2018, Ather Energy is facing stiff competition from larger rivals like Ola Electric and TVS Motor, which have outperformed it in sales due to better discounts and distribution networks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
