Ather Energy IPO vs Canara Robeco IPO

Comparison between Ather Energy IPO and Canara Robeco IPO.

IPO Details

Ather Energy IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Canara Robeco IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Ather Energy IPO is up to ₹2,980.76 Cr whereas the issue size of the Canara Robeco IPO is up to ₹1,326.13 Cr. The final issue price of Ather Energy IPO is ₹321.00 per share and of Canara Robeco IPO is ₹266.00 per share.

 Ather Energy IPOCanara Robeco IPO
Face Value₹1 per share₹10 per share
Issue Price (Lower)₹304.00 per share₹253.00 per share
Issue Price (Upper)₹321.00 per share₹266.00 per share
Issue Price (Final)₹321.00 per share₹266.00 per share
Discount (Retail)₹0.00 per share
Discount (Employee)₹30.00 per share
Market Lot Size46 shares56 shares
Fresh Issue Size8,18,16,199 shares0 shares
Fresh Issue Size (Amount)up to ₹2,626.04 Crup to ₹0.00 Cr
OFS Issue Size1,10,51,746 shares4,98,54,357 shares
OFS Issue Size (Amount)up to ₹354.73 Crup to ₹1,326.13 Cr
Issue Size Total9,28,67,945 shares4,98,54,357 shares
Issue Size Total (Amount)up to ₹2,980.76 Crup to ₹1,326.13 Cr

IPO Timetable

Ather Energy IPO opens on Apr 28, 2025, while Canara Robeco IPO opens on Oct 09, 2025. The closing date of Ather Energy IPO and Canara Robeco IPO is Apr 30, 2025, and Oct 13, 2025, respectively.

 Ather Energy IPOCanara Robeco IPO
Anchor Bid DateApr 25, 2025Oct 08, 2025
Issue OpenApr 28, 2025Oct 09, 2025
Issue CloseApr 30, 2025Oct 13, 2025
Basis Of Allotment (Tentative)May 02, 2025Oct 14, 2025
Initiation of Refunds (Tentative)May 05, 2025Oct 15, 2025
Credit of Share (Tentative)May 05, 2025Oct 15, 2025
Listing date (Tentative)May 06, 2025Oct 16, 2025
Anchor Lockin End date 1Jun 02, 2025Nov 12, 2025
Anchor Lockin End date 2Jul 30, 2025Jan 11, 2026

Financials & KPIs

Ather Energy IPO P/E ratio is , as compared to Canara Robeco IPO P/E ratio of 27.82.

 Ather Energy IPOCanara Robeco IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202431 Mar 202431 Mar 202331 Mar 2022
Assets2,172.001,913.501,976.80818.60
Total Income1,617.401,789.101,801.80413.80
Profit After Tax-577.90-1,059.70-864.50-344.10
NET Worth108.00545.90613.70224.90
Reserves and Surplus104.10545.10613.10224.20
Total Borrowing521.60314.90485.20298.40
Amount in ₹ Crore

Company Financials (Restated)

Canara Robeco Asset Management Co.Ltd.'s revenue increased by 27% and profit after tax (PAT) rose by 26% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended30 Jun 202531 Mar 202531 Mar 202431 Mar 2023
Assets735.10674.03516.81377.97
Total Income121.34404.00318.78204.80
Profit After Tax60.98190.70151.0079.00
EBITDA81.77264.08201.14112.89
NET Worth660.60600.06454.49328.55
Reserves and Surplus461.19400.64404.64278.70
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)54.61100
Promoter Shareholding (Post-Issue)42.0975
P/E Ratio27.82
Market Cap₹11955.96 Cr.₹5304.50 Cr.
ROE
ROCE
Debt/Equity
EPS₹-47.00₹9.56
RoNW-194%36.17%

Shares Offered

In the Ather Energy IPO Retail Individual Investors (RII) are offered 92,76,794 shares while in Canara Robeco IPO retail investors are offered 92,76,794 shares. Qualified Institutional Buyers (QIB) are offered 2,78,30,384 shares in Ather Energy IPO and 99,70,872 shares in Canara Robeco IPO.

 Ather Energy IPOCanara Robeco IPO
Anchor Investor Reservation4,17,45,576 shares1,49,56,306 shares
Market Maker Reservation0 shares0 shares
QIB2,78,30,384 shares99,70,872 shares
NII1,39,15,191 shares74,78,154 shares
RII92,76,794 shares1,74,49,025 shares
Employee1,00,000 shares0 shares
Others
Total9,28,67,945 shares4,98,54,357 shares

Bids Received (Subscription)

Ather Energy IPO subscribed 1.50x in total, whereas Canara Robeco IPO subscribed 9.74x.

 Ather Energy IPOCanara Robeco IPO
QIB (times)1.76x25.92x
NII (times)0.69x6.45x
Big NII (times)0.74x6.77x
Small NII (times)0.60x5.82x
RII (times)1.89x1.91x
Employee (times)5.43x
Other (times)
Total (times)1.50x9.74x

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