Ather Energy employees will have a one -year blocking period, once the shares are listed in the exchange on May 6
The two -wheeled IPO of EV Major Ather Energy will unlock ₹ 530 million rupees for its 1,300 employees that are under the company’s employee actions plan (ESOP).
The company had launched an ESOP in 2024 with a group of almost 16.5 million shares, according to the red herring prospect. Employees will have a one -year blocking period, once the shares are listed in the exchange on May 6.
Of the ₹ 2,626 million rupees that will be collected, ₹ 927.2 million rupees will be assigned to establish a new two -wheeled electrical manufacturing installation in Maharashtra. They are allocated to ₹ 750 million additional rupees for investments in research and development, while ₹ 300 million rupees will be used for marketing initiatives. The company also plans to use ₹ 40 million rupees for debt reimbursement.
Market share
Ather had a market share of 11.5 percent from fiscal year24, and is the third largest player by volume. Its operations revenues increased by 28.32 percent to ₹ 1,578.9 million rupees in the three trimesters of fiscal year 200
The Indian Scooter market is experiencing rapid premiumization and electrification. The conformity with the co -founder of Ather Energy Tarun Mehta, the scooters represented 32 percent of the two -wheel market six years ago. This figure is expected to reach 38 percent for the end of fiscal year 2015, with annual growth or 1.5 percent. He said that this trend will continue, with scooters that comprise 45 percent of the market in the next five years. Within the Scooter segment, EVs are expanding even faster, he said. According to him, 17 percent of all the scooters sold now are electric, with cities of level 3, where the adoption of EV was initially slow, seeing 18-19 percent of the penetration, he added.
Posted on April 24, 2025
