Ather Energy IPO
After a break of nearly two months, India’s IPO market is finally getting active again. On Monday, April 28, the much-awaited IPO of Ather Energy Ltd, a well-known electric two-wheeler company, will open. This will be the first IPO of the financial year 2025-26.
Even though the stock market is currently quite unstable and full of ups and downs, investors are hopeful about this IPO. Everyone is wondering—will this IPO bring good profits or leave investors disappointed?
What is Ather Energy IPO?
The Ather Energy IPO is worth ₹2,626 crore.
It includes two parts:
A fresh issue of equity shares
An offer for sale (OFS) of 1.1 crore shares by promoters and other shareholders.
The IPO will open on April 28 and close on April 30.
For anchor investors, bidding will be open on April 25.
Ather plans to use the funds for setting up a new electric two-wheeler factory in Maharashtra and for reducing its debt.
IPO Price Band
The company has set the price band between ₹304 to ₹321 per share.
After Ola Electric’s IPO of ₹6,145 crore in August last year, Ather is the second electric scooter company to go public.
What’s Happening in the Grey Market?
In the grey market (an unofficial market where IPO shares are traded before listing), Ather’s shares started with a premium of ₹17 per share. However, this has dropped sharply:
It fell to ₹6 earlier this week
Now it has dropped even more to just ₹3 per share
This means investors may not get very high listing gains, based on current market interest.
IPO Market So Far in 2025
At the start of 2025, the IPO market was very quiet. In fact:
No new IPOs came in the last two months.
Only 11 companies got listed so far this year.
Out of them, just 4 gave good profits to investors.
People are hoping Ather Energy’s IPO will bring some excitement back to the market.
About Ather Energy
Ather is one of India’s earliest electric scooter companies.
It makes and sells electric scooters, along with related software, charging stations, and smart accessories.
Ather currently offers two scooter models:
Ather 450 – For users who want speed and performance
Ather Rizta – A more comfortable family-friendly scooter
Conclusion:
The Ather Energy IPO is an important event for both the company and the Indian IPO market. While the grey market premium is low right now, long-term investors might still find value depending on how Ather grows in the electric vehicle space.