Ather Energy IPO Day 1 – India’s electric vehicle (EV) space continues to buzz with excitement as Ather Energy’s much-awaited Initial Public Offering (IPO) opened for subscription on April 28, 2025. By 2 PM on Day 1, the IPO had been subscribed 13 percent, signaling a cautious yet encouraging start to the first mainboard IPO of the financial year 2025-26.
🚀 Ather Energy IPO: Subscription Details So Far
- Total Subscription (Till 2 PM, Day 1): 13%
- Retail Individual Investors (RIIs): Subscribed 48%
- Non-Institutional Investors (NIIs): Subscribed 14%
The strong interest from retail investors is particularly noteworthy, showing confidence in the brand’s future potential in the booming electric mobility sector.
📈 Ather Energy IPO Snapshot
| Particulars | Details |
|---|---|
| IPO Size | ₹2,981 Crore |
| Fresh Issue Component | ₹2,626 Crore |
| Offer for Sale (OFS) | 1.1 Crore Equity Shares |
| Price Band | ₹304 – ₹321 per share |
| Subscription Dates | April 28, 2025 – April 30, 2025 |
| Minimum Investment (Retail) | ₹13,984 (1 lot = 46 shares) |
| Listing On | BSE and NSE |
| Tentative Listing Date | May 6, 2025 |
Earlier on Friday, Ather Energy successfully mobilized ₹1,340 crore from anchor investors, setting a positive tone ahead of the public subscription.
📊 Ather Energy IPO GMP (Grey Market Premium)
As per sources tracking grey market trends, Ather Energy shares are commanding a flat GMP currently. This suggests that while there is stable demand, massive speculative interest in the unlisted market hasn’t yet picked up aggressively — a possible sign that the IPO is reasonably priced.
🏭 How Ather Plans to Use the IPO Proceeds
Ather Energy’s objectives for utilizing the funds raised are ambitious and futuristic:
| Purpose | Amount (in ₹ Millions) |
|---|---|
| New E2W Factory in Maharashtra | 9,272 |
| Debt Repayment/Prepayment | 400 |
| Research and Development (R&D) Investments | 7,500 |
| Marketing Initiatives | 3,000 |
| General Corporate Purposes | Balance Amount |
The company is eyeing a new electric two-wheeler (E2W) manufacturing facility in Maharashtra, along with significant investments in R&D to stay ahead in the competitive EV landscape.
🛵 Ather Energy vs Ola Electric: How Do They Compare?
Ather Energy becomes the second electric two-wheeler company to go public after Ola Electric Mobility, which launched its ₹6,145 crore IPO in August last year.
- Ola Electric’s IPO: Fresh issue up to ₹5,500 crore + OFS of 8.5 crore shares
- Ather Energy’s IPO: Fresh issue worth ₹2,626 crore + OFS of 1.1 crore shares
The EV sector remains a hot favorite for investors seeking long-term growth opportunities driven by government incentives, rising environmental awareness, and evolving consumer preferences.
📋 IPO Reservation Breakup
- Qualified Institutional Buyers (QIBs): 75%
- Non-Institutional Investors (NIIs): 15%
- Retail Investors (RIIs): 10%
This allocation pattern ensures that large investors dominate the book, but there is still a fair window open for retail investors to grab a piece of this promising company.
❓ Quick Q&A: All About Ather Energy IPO
Q1: How much was Ather Energy’s IPO subscribed on the first day?
A: The IPO was subscribed 13% overall till 2 PM, with Retail Investors subscribing 48%.
Q2: What is the price band for Ather Energy’s IPO?
A: The price band is set between ₹304 and ₹321 per share.
Q3: How much did Ather raise from anchor investors?
A: Ather Energy raised ₹1,340 crore from anchor investors before the IPO opened.
Q4: What are the primary objectives of Ather Energy’s IPO fundraise?
A: The funds will be used for setting up a new electric two-wheeler factory, debt repayment, R&D, marketing initiatives, and general corporate purposes.
Q5: What is the current GMP (Grey Market Premium) of Ather Energy shares?
A: The GMP is currently flat, indicating stable but not overheated demand.
Q6: When will Ather Energy shares list on the stock exchanges?
A: Tentatively, the shares are expected to list on May 6, 2025 on both BSE and NSE.
Conclusion:
With India’s electric vehicle sector growing at a record pace, and Ather Energy’s strong brand recognition and future-ready plans, this IPO could offer an attractive opportunity for investors. However, as always, potential investors should assess their risk appetite carefully before applying.
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