• Source:JND
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Ather Energy IPO: The shares of Bengaluru-based electric two-wheeler manufacturer Ather Energy are all set to make their stock market debut on Tuesday, May 6, 2025, after the company's initial public offering (IPO) allocation was completed on Friday, May 2. Today, shares are being credited to the demat accounts of the successful applicants. Additionally, non-allottee refunds will be refunded by Monday, May 5.

Ather Energy IPO Recieves Mixed Response During Subscription Period

Overall, investors' reactions to the initial public offering (IPO), which was available for subscription from April 28 to April 30, were mediocre. Based on data from the BSE

- With a 1.78 times subscription rate, retail investors were in the lead.

- At a rate of 1.70 times, qualified institutional buyers (QIBS) came next.

- 66% of subscribers were non-institutional investors (NIIS).

- Employees were very interested, as evidenced by their 5.43 subscriptions.

- By the end of Day 3, the overall subscription status stood at 1.43 times.

IPO Structure and Price Band

The Ather Energy IPO included an offer-for-sale (OFS) of 1.1 crore shares by current promoters and investors, as well as a new issue of equity shares valued at Rs 2,626 crore. With a face value of Re 1 per share, the IPO price range was set between ₹304 and Rs 321 per share.

The allocation was set-up as mentioned below:

- 75% was reserved for QIBS.

- 15% for NIIS

- 10% for individual investors

- With a Rs 30 discount per share, up to 1,00,000 shares are set aside for employees.

Grey Market Premium Indicates Flat Listing

The Grey Market Premium (GMP) for the Ather Energy IPO as of Monday, May 5, is Rs 7, suggesting a possible listing price of Rs 328 per share, which is only 2.18% higher than the upper end of the IPO price range.

According to data from investorgain.com, GMP has been trending lower over the last 14 sessions, from a high of Rs 17 to Rs 0. A cautious optimism ahead of the listing is indicated by the muted premium.

What to Expect on Listing Day

Ather Energy's listing might not see a big boost due to weak grey market signals and a low total subscription. Nonetheless, the stock's performance may be supported in the medium run by strong brand equity in the EV market and support from well-known investors like Tiger Global.

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