The electric vehicle (EV) revolution is gaining momentum, and Ather Energy is a key player driving this change in India. With its upcoming Ather Energy IPO, investors have a unique opportunity to get involved in the growing EV market. In this post, we’ll explore everything you need to know about the Ather Energy IPO, from its IPO date and price to the grey market premium (GMP) and shareholder quota. Let’s dive in!
What is the Ather Energy IPO?
An Initial Public Offering (IPO) is when a company offers its shares to the public for the first time, raising capital to fuel its growth. For Ather Energy, a leading electric two-wheeler manufacturer in India, the Ather Energy IPO is a pivotal step to expand its operations, invest in research and development, and strengthen its position in the competitive EV sector. But what makes this IPO stand out? Let’s break it down.
Ather Energy: A Snapshot
Founded in 2013, Ather Energy is known for its premium electric scooters like the Ather 450X and Ather Rizta, which combine cutting-edge technology with eco-friendly design. The company has carved a niche in India’s EV market by offering smart, high-performance vehicles and building its own charging infrastructure, known as the Ather Grid.
Ather’s growth is supported by its parent company, Hero MotoCorp, a giant in the two-wheeler industry with a significant stake in Ather. This backing provides financial stability and industry expertise, making the Ather Energy IPO an exciting prospect for investors.
Ather Energy IPO Date
When can you invest? The Ather Energy IPO date is scheduled to open on April 28, 2025, with the subscription period closing on April 30, 2025. Shares are expected to be allotted by May 1, 2025, and listed on the BSE and NSE on May 5, 2025. Mark your calendars—these dates are crucial for planning your investment!
Ather Energy IPO Price
The Ather Energy IPO price is set at a band of ₹304 to ₹321 per share, with a face value of ₹1. This price range reflects Ather’s valuation and market conditions, offering investors an accessible entry point into the EV sector. The final price will depend on demand during the subscription period.
Ather Energy Unlisted Share Price
Before the IPO, Ather Energy’s shares traded in the unlisted market, giving early investors a glimpse of its value. As of April 14, 2025, the Ather Energy unlisted share price was ₹78,008 per share. This high pre-IPO valuation signals strong investor confidence, though it’s worth noting that unlisted prices can fluctuate and may not directly influence the IPO pricing.
Ather Energy IPO GMP Today
The Ather Energy IPO GMP today (Grey Market Premium) is ₹5 per share, as observed in the lead-up to the IPO. The GMP is an unofficial measure of how much investors are willing to pay above the IPO price in the grey market before listing. For example, if the upper price band is ₹321 and the GMP is ₹5, the listing price could hover around ₹326. While a positive GMP suggests demand, it’s speculative—so take it with a grain of caution.
Ather Energy IPO Shareholder Quota and Record Date
A standout feature of this IPO is the Ather Energy IPO shareholder quota, reserved for shareholders of Hero MotoCorp, Ather’s parent company. This quota gives eligible investors priority access to a portion of the IPO shares. To qualify, you must hold Hero MotoCorp shares as of the Ather Energy IPO shareholder quota record date, which will be detailed in the Red Herring Prospectus (RHP). This perk could boost your chances of securing an allotment, especially if demand is high.
Ather Energy IPO Parent Company: Hero MotoCorp
The Ather Energy IPO parent company, Hero MotoCorp, plays a crucial role in this story. As the world’s largest two-wheeler manufacturer, Hero MotoCorp owns a substantial stake in Ather (around 38.19%), providing financial backing and strategic support. This partnership enhances Ather’s credibility and growth potential, making the IPO more appealing to investors.
Ather Energy IPO Review: Pros and Cons
Should you invest in the Ather Energy IPO? Here’s a balanced Ather Energy IPO review to help you decide:
Why Invest?
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Market Leadership: Ather holds an 11.5% share of India’s electric two-wheeler market (FY24), ranking third behind Ola Electric and TVS Motor.
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Innovation: Its in-house design and manufacturing, plus the Ather Grid, give it a competitive edge.
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Growth Outlook: With India’s EV market expected to boom, Ather’s expansion plans—backed by the IPO proceeds—are promising.
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Strong Backing: Hero MotoCorp’s involvement adds stability and resources.
Risks to Consider
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Profitability: Ather reported a loss of ₹1,059.7 crores in FY24, up from ₹864.5 crores in FY23. Growth comes at a cost.
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Competition: Rivals like Ola Electric and Bajaj Auto are intensifying the race for market dominance.
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Volatility: The EV sector can be unpredictable, with risks from regulatory shifts or supply chain issues.
Verdict
The Ather Energy IPO suits long-term investors who believe in the EV revolution. While short-term gains may be modest (given the current GMP), Ather’s innovation and market position make it a solid bet for the future—provided you’re comfortable with the risks.
How to Apply for the Ather Energy IPO
Ready to invest? Here’s how:
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Log into your brokerage account (e.g., Zerodha, Upstox).
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Go to the IPO section and select Ather Energy IPO.
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Enter your bid (minimum 46 shares per lot, up to 13 lots for retail investors).
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Complete the payment via UPI or ASBA.
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Submit your application.
Check your broker’s instructions for specifics.
Final Thoughts
The Ather Energy IPO is a gateway to India’s electric future. With its IPO date approaching, a competitive IPO price, and a modest GMP today, it’s generating buzz for good reason. The shareholder quota and parent company support from Hero MotoCorp add extra appeal, while the unlisted share price hints at Ather’s potential. However, as our IPO review highlights, it’s not without risks.
Before jumping in, study the prospectus, weigh the pros and cons, and align your investment with your goals. The Ather Energy IPO could be your ticket to riding the EV wave—are you ready?
Disclaimer: This post is for informational purposes only and does not constitute investment advice. Always conduct your own research or consult a financial advisor before making investment decisions.
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