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Ather Energy IPO GMP: Ather Energy’s IPO opens on April 28, 2025. Fresh shares worth Rs 2,626.76 crore and sale shares worth Rs 2,980.76 crore will be issued.
Ather Energy IPO will open for subscription tomorrow, Monday, April 28.
Ather Energy IPO GMP: Ather Energy IPO will open for subscription from Monday, April 28, marking the first big public issue in recent times shooing away the long-winter of primary market. The three-day subscription window for Rs 2,980.76 crore public issue will remain available until April 30, 2025.
With the issue, Ather Energy will offload fresh shares of 8,18,06,853 (totaling up to Rs 2,626.76 crore) and offer for sale of 1,10,51,746 shares (totaling of Rs 2,980.76 crore).
Ather Energy IPO Price Band
IPO price band is fixed between Rs 304 to Rs 321 per share. There’s an employee discount of Rs 30 per share.
Ather Energy IPO GMP Falls Ahead Of Opening
The grey market premium of Ather Energy is falling continuously, indicating a dampening interest among investors for the IPO amid market volatility.
According to various websites tracking GMP, Ather IPO’s stands in the range of Rs 3-5 on April 27, which is a major fall from once Rs 40 on April 22.
Investors can bid for a minimum of 46 shares and in multiples thereof.
Ather Energy IPO Allotment And Listing Dates
The allotment of unlisted shares of Ather Energy IPO will be finalised on Friday, May 02, 2025. The tentative listing date is scheduled to be on Tuesday, May 06, 2025 on BSE and NSE.
About Ather Energy
Ather Energy Limited, incorporated in 2013, is an Indian electric two-wheeler (E2W) company engaged in the design, development, and in-house assembly of electric scooters, battery packs, charging infrastructure, and supporting software systems. The company operates as a vertically integrated EV manufacturer with a focus on product and technology development.
Ather Energy Financials
As of December 31, 2024, the company’s assets stood at Rs 2,172 crore, up from Rs 818.6 crore in March 2022. Revenue increased from Rs 413.8 crore in FY22 to Rs 1,617.4 crore in the nine months ended December 2024, indicating strong sales momentum. However, the company continues to report losses, with a net loss of Rs 577.9 crore for the nine-month period ending December 2024, compared to a loss of Rs 1,059.7 crore in FY24 and Rs 864.5 crore in FY23.
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