• Source:JND
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Ather Energy IPO GMP: Electric two-wheeler maker Ather Energy’s initial public offering (IPO) opened for subscription today, Monday, April 28 and the bidding will continue till Wednesday, April 30. The Hero MotoCorp-backed EV company has priced its shares in the range of Rs 304 to Rs 321 per share. Interested investors have to bid for at least 46 equity shares, and then investors can make multiple bids.

Ather Energy Latest GMP

Ather's shares are trading for a reasonable Rs 3 premium on the grey market, which is less than 1% more than the top end of the price range. From Rs 17 on April 22, the grey market premium (GMP) has dropped precipitously.

Backed by Tiger Global and Hero MotoCorp, Ather Energy is poised to become the second pure-play Indian electric vehicle manufacturer to be listed on the bourses, following Ola Electric’s IPO last year. It is also the first major mainboard IPO of the financial year 2025-26 (FY26).

Ather Energy IPO Details

The Bengaluru-based business anticipates raising Rs 2,981 crore through a combination of an offer for sale (OFS) and a new equity issue. An OFS of 1.1 crore equity shares and a new issue of shares valued at Rs 2,626 crore belonging to promoters Tarun Sanjay, Swapnil Babanla, and other corporate shareholders are part of the IPO.

Through a combination of an offer for sale (OFS) and new equity issuance, the Bengaluru-based company hopes to raise Rs 2,981 crore. The IPO consists of an OFS of 1.1 crore equity shares and a new issue of shares valued at Rs 2,626 crore by promoters Tarun Sanjay, Swapnil Babanla, and other corporate shareholders.

Notably, according to its final prospectus, Ather Energy has reduced the size of its initial public offering (IPO) from the original plan of ₹3,100 crore to Rs 2,981 crore.

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