Ather Energy IPO Opens for Subscription: Key Details, GMP, and Day 1 Status
Ather Energy Ltd, a pioneer in Indiaโs electric two-wheeler (E2W) market, has launched its much-anticipated Initial Public Offering (IPO). The IPO bidding window opened on April 28, 2025, and will close on April 30, 2025. Investors keen on participating should take note of the important highlights, subscription status, and other key details outlined below.
Ather Energy IPO Overview
- IPO Open Date: April 28, 2025
- IPO Close Date: April 30, 2025
- Expected Allotment Date: May 2, 2025
- Tentative Listing Date: May 6, 2025
- Stock Exchanges: BSE and NSE
Ather Energyโs IPO is a book-built issue comprising:
- Fresh Issue: 8.18 crore equity shares valued at โน2,626 crore.
- Offer for Sale (OFS): 1.11 crore equity shares worth โน354.76 crore.
The price band has been set between โน304 to โน321 per share. Investors can apply in lots, with a minimum lot size of 46 shares, requiring a minimum investment of โน13,984.
Lead Managers and Registrar
The IPO is managed by leading firms, including:
- Axis Capital Limited
- HSBC Securities and Capital Markets (India) Private Limited
- JM Financial Limited
- Nomura Financial Advisory and Securities (India) Private Limited
MUFG Intime India Private Limited (formerly Link Intime India Private Limited) will serve as the registrar for the issue.
Day 1 Subscription Status (April 28, 2025)
As of 5:00 PM on the opening day:
- Overall Subscription: 0.15 times
- Retail Investors: 0.60 times subscribed
- Qualified Institutional Buyers (QIB): 0 times subscribed
- Non-Institutional Investors (NII): 0.15 times subscribed
Retail investors showed the strongest interest on Day 1, while QIBs are expected to participate more strongly in the later stages.
Grey Market Premium (GMP)
According to a report by Livemint dated April 28, 2025, the Grey Market Premium (GMP) for Ather Energy shares stood at โน3.
Note: GMP figures are unofficial and based on market speculation. Investors should conduct their own due diligence before considering grey market indicators.
Utilization of IPO Proceeds
Ather Energy plans to utilize the IPO proceeds for:
- Setting up a new electric two-wheeler factory in Maharashtra.
- Repayment of existing borrowings.
- Investment in Research and Development (R&D).
- Marketing initiatives to boost brand presence.
- General corporate purposes.
Ather Energy: Company Profile
Founded in 2013 by Tarun Mehta and Swapnil Jain, Ather Energy has emerged as a leading innovator in India’s electric vehicle segment. The company focuses on the design and development of:
- Premium electric scooters
- Battery packs and portable chargers
- Motors, controllers, and transmissions
- Connected vehicle software and dashboards
- Charging infrastructure (Ather Grid)
In FY24, Ather Energy sold over 1.09 lakh electric two-wheelers, securing its position as the third-largest electric scooter brand in India by volume, according to a CRISIL Report.
The company is not just a vehicle manufacturer but also a technology-driven enterprise committed to building a robust E2W ecosystem.
Final Thoughts
The Ather Energy IPO presents an exciting opportunity for investors looking to tap into India’s rapidly growing electric vehicle sector. However, as with any investment, it is crucial for investors to evaluate their risk appetite, analyze the company’s fundamentals, and make informed decisions.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Investors are advised to do their own research or consult financial advisors before investing.
