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Ather Energy IPO: Ather Energy’s IPO saw a 16% subscription rate on day one. The price band is Rs 304-321 per share.
Ather Energy IPO sees tepid response from investors on Day 1.
Ather Energy IPO: The initial public offering (IPO) of electric vehicle manufacturer Ather Energy has garnered a tepid response so far from investors. According to data available on the NSE, the Rs 2,981.06 crore offering, which opened on April 28, has attracted bids for 86,09,406 equity shares, against the 5,33,63,160 shares on sale, reflecting a 16 percent subscription rate by the end of the first day, April 28.
The three-day subscription window for Rs 2,980.76 crore public issue will remain available until April 30, 2025.
With the issue, Ather Energy will offload fresh shares of 8,18,06,853 (totaling up to Rs 2,626.76 crore) and offer for sale of 1,10,51,746 shares (totaling of Rs 2,980.76 crore).
Ather Energy IPO Subscription Status
The Qualified Institutional Buyers (QIB) category, which had over 2.89 crore shares reserved, saw virtually no traction—only 5,060 shares were bid for, translating to a subscription of 0.00 times.
Meanwhile, the Retail Individual Investors (RIIs) category showed relatively stronger interest, subscribing 63% of the 97.34 lakh shares reserved for them. Non-Institutional Investors (NIIs) managed to subscribe 0.16 times overall.
Ather Energy IPO Price Band
IPO price band is fixed between Rs 304 to Rs 321 per share. There’s an employee discount of Rs 30 per share.
Ather Energy IPO GMP Falls
The grey market premium of Ather Energy is falling continuously, indicating a dampening interest among investors for the IPO amid market volatility.
According to various websites tracking GMP, Ather IPO’s stands in the range of Rs 1-3 on April 29, which is a major fall from once Rs 40 on April 22.
Investors can bid for a minimum of 46 shares and in multiples thereof.
Ather Energy IPO Allotment And Listing Dates
The allotment of unlisted shares of Ather Energy IPO will be finalised on Friday, May 02, 2025. The tentative listing date is scheduled to be on Tuesday, May 06, 2025 on BSE and NSE.
About Ather Energy
Ather Energy Limited, incorporated in 2013, is an Indian electric two-wheeler (E2W) company engaged in the design, development, and in-house assembly of electric scooters, battery packs, charging infrastructure, and supporting software systems. The company operates as a vertically integrated EV manufacturer with a focus on product and technology development.
Ather Energy Financials
As of December 31, 2024, the company’s assets stood at Rs 2,172 crore, up from Rs 818.6 crore in March 2022. Revenue increased from Rs 413.8 crore in FY22 to Rs 1,617.4 crore in the nine months ended December 2024, indicating strong sales momentum. However, the company continues to report losses, with a net loss of Rs 577.9 crore for the nine-month period ending December 2024, compared to a loss of Rs 1,059.7 crore in FY24 and Rs 864.5 crore in FY23.
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