Ather Energy IPO: The highly anticipated Ather Energy IPO has officially opened for subscription today, offering investors an exciting opportunity to invest in India’s leading electric two-wheeler (E2W) manufacturer. Backed by prominent names like Hero MotoCorp and Tiger Global, Ather Energy aims to raise ₹2,981.06 crore through a combination of fresh issue and offer-for-sale (OFS).
The Ather IPO price band has been set between ₹304 to ₹321 per equity share, with a face value of Re 1 each. The subscription window will remain open from April 28 to April 30, 2025. The Ather Energy IPO subscription window offers a lot size of 46 shares, with investments allowed in multiples thereafter.
What Does the Ather Energy IPO Comprise?
The public offer includes:
-
A fresh issue of equity shares worth ₹2,626 crore
-
An OFS of 1.1 crore equity shares by promoters and early investors including Tarun Mehta, Swapnil Jain, Caladium Investment, and National Investment and Infrastructure Fund II
While Ather Energy will use the proceeds from the fresh issue to fuel its expansion, it will not benefit from the OFS proceeds, as clarified in its Red Herring Prospectus (RHP).
Use of IPO Proceeds
Ather Energy plans to allocate the proceeds for:
-
Establishing a state-of-the-art E2W manufacturing plant in Maharashtra (₹927.2 crore)
-
Repayment of debts (₹40 crore)
-
Research and development initiatives (₹750 crore)
-
Aggressive marketing and branding efforts (₹300 crore)
The deployment of these funds is scheduled across fiscal years 2026–2028, strengthening Ather’s growth trajectory.
Anchor Investor Response and Grey Market Trends
The Ather Energy IPO has already attracted significant attention, with Ather Energy securing ₹1,340.03 crore from anchor investors on April 25, showcasing strong institutional confidence.
However, when it comes to the Ather IPO GMP (Grey Market Premium), trends have been volatile. Initially, the GMP stood at ₹40 above the upper end of the Ather IPO price band, indicating strong demand. Yet, following market fluctuations, the GMP has now dropped, suggesting shares are trading around the upper limit of ₹321 with minimal premium in the grey market. Investors interested in the Ather Energy IPO should closely monitor these grey market trends while making investment decisions.
Important Dates for Ather Energy IPO
-
IPO Subscription Period: April 28 – April 30, 2025
-
Basis of Allotment: May 2, 2025
-
Refunds Initiated: May 5, 2025
-
Shares Credited to Demat: May 5, 2025
-
Ather Energy Share Listing: May 6, 2025 on NSE and BSE
Investors should keep a close eye on the Ather IPO allotment date and track their allotment status accordingly.
About Ather Energy
Founded in 2013 by IIT Madras alumni Tarun Mehta and Swapnil Jain, Ather Energy is a leading electric vehicle company focused on designing and manufacturing premium electric scooters. Headquartered in Bengaluru, Ather Energy is known for its innovative approach, having developed India’s first smart electric scooter, the Ather 450.
The company operates a vertically integrated business model, designing key components such as motor controllers, vehicle control units, chassis, dashboards, and software platforms entirely in-house. This internal expertise ensures high-quality manufacturing standards and rapid product innovation. Except for battery packs, which Ather also designs internally but outsources for production, most major elements of its electric scooters are developed under its strict supervision.
Ather Energy also leads the market with its Ather Grid, a public fast-charging network, making it easier for consumers to adopt electric mobility. The company’s smart ecosystem includes mobile applications that enable real-time tracking, diagnostics, ride statistics, and over-the-air updates for its vehicles, providing users with an enhanced and intelligent riding experience.
Beyond product manufacturing, Ather focuses on research and development, sustainability, and expanding its charging infrastructure across major Indian cities. The company currently operates several experience centers across India and plans to strengthen its presence by opening more retail outlets and charging grids in the coming years.
With strong backing from Hero MotoCorp, Tiger Global, and other prominent investors, Ather Energy is well-positioned to drive the next phase of growth in India’s electric vehicle market. The company’s commitment to technology, design, and customer experience makes it one of the most promising players in the rapidly evolving E2W segment.
Should You Subscribe to the Ather Energy IPO?
Considering Ather’s strong brand positioning, rapid revenue growth, focus on R&D, and strategic expansion plans, the IPO presents an attractive investment opportunity. However, the recent dip in Ather IPO GMP indicates cautious sentiment among some investors, suggesting a need for careful analysis.
Analysts advise that investors evaluate their risk appetite, study the company’s long-term plans, and consult with financial advisors before making a decision.
With the EV sector gaining unstoppable momentum in India, the Ather Energy IPO subscription could be a golden ticket for those aiming to invest in a cleaner and greener future.
