April 30, 2025, is the last day to apply for the Ather Energy IPO. The electric vehicle (EV) manufacturer, known for its smart scooters like the 450X and backed by Hero MotoCorp, has caught investor attention—but the actual demand tells a more cautious story.
IPO Snapshot:
- Price Band: ₹301 – ₹321 per share
- Lot Size: 45 shares
- Minimum Investment: ₹14,445
- IPO Closes: April 30, 2025
Subscription Status (as of April 29, 2025):
- Retail Investors: 1.20x
- Employees: 3.23x
- Non-Institutional Investors: 0.28x
- QIBs: 0.00x
- Total Subscription: 0.30x
Grey Market Premium (GMP):
As per the latest updates, Ather Energy’s IPO is trading at a GMP of ₹1.50 above the issue price of ₹321. This reflects an expected listing price of ₹322.50—suggesting a very modest potential gain of just 0.47%.
Company Overview:
Ather Energy, founded in 2013, is a Bengaluru-based EV startup making premium electric scooters. The company has over 150 experience centers and is competing head-to-head with Ola Electric, TVS, and Bajaj. While the growth prospects are promising, the path to profitability remains challenging.
Final Recommendation:
While the company is well-known and operates in a high-growth sector, the muted investor response and weak GMP indicate that short-term listing gains may be limited.
- Long-Term Investors: May consider subscribing, banking on EV sector growth and brand strength.
- Short-Term Investors: Might want to skip, given weak QIB demand and nearly flat GMP.
Expected Listing Date:
Ather Energy is expected to list on May 6, 2025 on both NSE and BSE.
Disclaimer: This post is for informational purposes only. Do your own research or consult a financial advisor before investing.