Ather Energy IPO GMP, Price, How to Apply

Are you intrigued by the buzz around electric vehicles and looking for investment opportunities? Ather Energy, a prominent player in India’s electric scooter market, has recently concluded its Initial Public Offering (IPO). This article provides a comprehensive overview of the Ather Energy IPO, including its Grey Market Premium (GMP), price band, lot size, subscription details, and how to apply for such IPOs.​

Introduction to Ather Energy

Founded in 2013, Ather Energy is an Indian electric vehicle manufacturer specializing in premium electric scooters. With models like the Ather 450X and 450S, the company has established itself as a significant player in the EV market. Backed by investors such as Hero MotoCorp, Ather Energy aims to revolutionize urban mobility with its innovative products.​

Ather Energy IPO opens today! Explore Ather Energy IPO GMP, price band, lot size, how to apply, and more in our comprehensive guide.

Overview of Ather Energy IPO

Ather Energy’s IPO was a mix of a fresh issue and an offer for sale (OFS), aiming to raise approximately ₹2,981 crore. The IPO opened for subscription on April 28, 2025, and closed on April 30, 2025. The company plans to utilize the proceeds for capital expenditure, research and development, marketing, and general corporate purposes.​

Ather Energy IPO GMP (Grey Market Premium)

The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. As of April 30, 2025, Ather Energy’s IPO GMP was around ₹1, suggesting a modest premium over the upper price band of ₹321. This indicates a cautious sentiment among investors regarding the stock’s listing performance. ​

Price Band and Lot Size Details

• Price Band: ₹304 to ₹321 per share
  
• Lot Size: 46 shares
  
• Minimum Investment: ₹14,766 (at the upper price band)​

Investors could apply for a minimum of one lot (46 shares) and in multiples thereof. 

Subscription Status and Investor Response

The IPO received a mixed response:​

• Qualified Institutional Buyers (QIBs): Subscribed 1.33 times
  
• Retail Investors: Subscribed 1.55 times
  
• Non-Institutional Investors (NIIs): Subscribed 50%
  
• Overall Subscription: 1.16 times​
  

Retail investors showed strong interest, while institutional participation picked up towards the end of the subscription period.

How to Apply for IPOs

Investors can apply for IPOs through:

• UPI (Unified Payments Interface): Using apps like Zerodha, Upstox, or Groww.
  
• ASBA (Application Supported by Blocked Amount): Through net banking services of registered banks.​
  

Steps to Apply via UPI:

1. Log in to your trading app.
   
2. Select the IPO section and choose Ather Energy IPO.
   
3. Enter the number of lots and bid price.
   
4. Provide your UPI ID and submit the application.
   
5. Approve the mandate request in your UPI app.​
   

Eligibility Criteria for IPO Investment

To invest in an IPO, you need:

• A valid PAN card.
  
• An active Demat account.
  
• A bank account linked to your Demat account.
  
• Access to UPI or ASBA facilities.​
  

Important IPO Dates to Remember

• IPO Opened: April 28, 2025
  
• IPO Closed: April 30, 2025
  
• Allotment Date: May 2, 2025
  
• Refund Initiation: May 5, 2025
  
• Shares Credited to Demat: May 5, 2025
  
• Listing Date: May 6, 2025​
  

Financial Performance of Ather Energy

As of December 31, 2024, Ather Energy had borrowings exceeding ₹1,121 crore. The company has consistently incurred losses, leading to a negative Price-to-Earnings (PE) ratio. Despite financial challenges, Ather’s strong backing from Hero MotoCorp and its focus on innovation position it well in the EV market. ​

Utilization of IPO Proceeds

Ather Energy plans to allocate the IPO proceeds as follows:

Capital Expenditure: ₹927.2 crore

• Research and Development: ₹750 crore
  
• Marketing: ₹300 crore
  
• General Corporate Purposes: ₹608.8 crore​

Expert Opinions and Recommendations

Analysts have mixed views on Ather Energy’s IPO:​

• Arihant Capital: Recommended subscribing for listing gains, citing Ather’s strong position in the EV market.
  
• Deven Choksey Research: Advised caution, suggesting the stock may be available at better valuations post-listing.​
  

Risks Associated with IPO Investment

Investing in IPOs carries certain risks:

• Financial Losses: Ather has a history of losses and significant debt.
  
• Market Competition: Faces stiff competition from players like Ola Electric and TVS Motor.
  
• Regulatory Changes: EV policies and regulations can impact business operations.

Conclusion

The Ather Energy IPO presented an opportunity to invest in a leading EV manufacturer in India. While the company’s innovative approach and market potential are promising, investors should weigh the financial risks and market conditions before making investment decisions.​

Frequently Asked Questions (FAQs)

What was the GMP for Ather Energy IPO?
As of April 30, 2025, the Grey Market Premium (GMP) for Ather Energy IPO was around ₹1. 

What was the price band for Ather Energy IPO?
The price band was set between ₹304 and ₹321 per share.

How many shares were there in one lot?
One lot consisted of 46 shares. ​

When is the listing date for Ather Energy shares?
The shares are scheduled to be listed on May 6, 2025. ​

How can I apply for IPOs in the future?
You can apply through UPI-enabled trading apps or via the ASBA facility provided by your bank.​