Ather Energy IPO: Can This EV Trailblazer Accelerate Your Wealth Journey?
Picture this: It’s 2013. Two engineers fresh out of college decide India deserves an electric scooter that’s not just eco-friendly, but also cool. Fast forward to 2025 — Ather Energy is revving up to hit the stock market, and retail investors are asking the million-rupee question:
Is this the EV IPO I’ve been waiting for?
Let’s break it down — no jargon, no noise. Just the stuff you need to make a smart decision.
Quick Snapshot: Ather Energy IPO Details
| Details | Info |
|---|---|
| IPO Opening Dates | April 28 – April 30, 2025 |
| Price Band | ₹304 – ₹321 per share |
| Total Offer | ₹2,626 Cr in fresh equity + ₹354.76 Cr via offer for sale (OFS) |
| Total Shares Offered | 9.29 crore equity shares |
| Lot Size (Retail) | 50 shares per lot |
| GMP (As of April 25) | ₹5 |
| Expected Listing Date | Shares are likely to debut on BSE and NSE by May 6, 2025 |
| Listing Exchanges | BSE and NSE |
| Lead Managers | Axis Capital, HSBC, JM Financial, Nomura |
Meet the Company: Why Ather’s More Than Just Another EV Brand
Founded in a Bengaluru garage (well, almost), Ather Energy quickly carved its niche in India’s growing electric two-wheeler market. Its flagship models — Ather 450X and the newly launched Ather Rizta — are all about performance, tech, and urban appeal.
But here’s what makes Ather interesting:
- Backed by giants: Hero MotoCorp owns a ~40% stake
- Tech-savvy DNA: IoT integration, fast charging, smart dashboards
- Nationwide expansion: 200+ experience centers and growing
- Revenue growth: 28% jump post-Rizta launch
- Loss trimming: Net losses reduced by 25% last fiscal
In a space dominated by Ola, TVS, and Bajaj, Ather plays the premium game—and plays it well.
GMP Alert: What’s the Grey Market Saying?
As of April 25, 2025, the Grey Market Premium (GMP) for Ather stands at ₹5/share. That puts the estimated listing price at ₹326, based on the upper band of ₹321.
So, what’s the takeaway?
Positive sentiment — But not a huge listing gain
Low GMP — May signal moderate demand or cautious optimism
Not a guaranteed indicator — GMP is unofficial and can fluctuate fast
FAQ: Quick Answers for Curious Investors
Q1: What is the minimum investment required in the Ather Energy IPO?
A: One retail lot = 50 shares = ₹15,200 (at upper band of ₹321).
Q2: Is Ather Energy profitable?
A: Not yet, but losses are decreasing. Ather is investing heavily in growth and infrastructure.
Q3: How to apply for the Ather IPO?
A: Through your demat-enabled brokerage or ASBA via your bank. UPI options also available.
Q4: When will Ather shares be listed?
A: Shares are likely to debut on BSE and NSE by May 6, 2025.
Final Word: Buy, Wait or Skip?
If you’re bullish on India’s EV revolution and okay with medium risk for long-term gain, Ather Energy IPO might be a good bet.
But if you’re expecting overnight riches? This may not be that kind of ride. This is a scooter — not a rocket ship.