Ather Energy Debuts on Stock Market After Tepid IPO Response; Gains 3–4% on Grey Market Momentum
Ather Energy, a leading electric scooter maker, debuts on the BSE and NSE today after raising ₹2,980 crore via IPO. Despite low subscription, GMP hints at modest 3–4% listing gains.
Ather Energy, the electric two-wheeler manufacturer, is set to debut on Dalal Street today, May 6, marking the first mainboard IPO listing of the financial year 2025–26. The company had offered its shares in a price band of ₹304–₹321 with a lot size of 46 shares.
The IPO, open from April 28 to April 30, aimed to raise ₹2,980.76 crore, including ₹2,626 crore from fresh issuance and the rest via an offer-for-sale of over 1.1 crore shares.
Despite only moderate subscription—1.43 times overall, with QIBs at 1.70x, retail at 1.78x, and NIIs at just 0.66x—the IPO has seen a late uptick in investor sentiment. Grey Market Premium (GMP) has recovered significantly, rising from ₹1–3 to ₹10–12 per share after market conditions improved, indicating a likely 3–4% listing gain.
Read More: Upcoming IPOs: 1 Mainboard, 4 SME Public Issues Set for Subscription Next Week
Founded in 2013 and based in Bengaluru, Ather Energy is a vertically integrated electric vehicle (EV) manufacturer specializing in electric scooters, battery technology, charging infrastructure, and software systems.
The IPO was managed by JM Financial, Axis Capital, HSBC, and Nomura, with Link Intime India acting as the registrar. Ather Energy shares will be listed on both BSE and NSE.
Read More: IPO Watch: Canara HSBC Life Insurance to Launch OFS of 23.75 Crore Shares; DRHP Filed with SEBI
Ather Energy, the electric two-wheeler manufacturer, is set to debut on Dalal Street today, May 6, marking the first mainboard IPO listing of the financial year 2025–26. The company had offered its shares in a price band of ₹304–₹321 with a lot size of 46 shares.
The IPO, open from April 28 to April 30, aimed to raise ₹2,980.76 crore, including ₹2,626 crore from fresh issuance and the rest via an offer-for-sale of over 1.1 crore shares.
Despite only moderate subscription—1.43 times overall, with QIBs at 1.70x, retail at 1.78x, and NIIs at just 0.66x—the IPO has seen a late uptick in investor sentiment. Grey Market Premium (GMP) has recovered significantly, rising from ₹1–3 to ₹10–12 per share after market conditions improved, indicating a likely 3–4% listing gain.
Read More: Upcoming IPOs: 1 Mainboard, 4 SME Public Issues Set for Subscription Next Week
Founded in 2013 and based in Bengaluru, Ather Energy is a vertically integrated electric vehicle (EV) manufacturer specializing in electric scooters, battery technology, charging infrastructure, and software systems.
The IPO was managed by JM Financial, Axis Capital, HSBC, and Nomura, with Link Intime India acting as the registrar. Ather Energy shares will be listed on both BSE and NSE.
Read More: IPO Watch: Canara HSBC Life Insurance to Launch OFS of 23.75 Crore Shares; DRHP Filed with SEBI
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