Ather Energy IPO is set to open for subscription from April 28 to April 30, 2025. The company is raising ₹2,626 crore through this IPO with a price band of ₹304 to ₹321 per share.
About Ather Energy
Ather Energy is India’s leading electric two-wheeler manufacturer founded in 2013 in Bengaluru. The company designs and manufactures premium electric scooters including the Ather 450X and Ather 450 Plus. Ather has a strong presence across 100+ cities in India.
Financial Performance
The company reported strong revenue growth over the last 3 years driven by increasing EV adoption in India. However Ather Energy is still in losses as it continues to invest heavily in R&D, manufacturing expansion, and new product development.
IPO Objectives
The funds raised through this IPO will be used for:
- Expansion of manufacturing capacity at Hosur plant
- Investment in R&D for next generation EV products
- Setting up new experience centres across India
- General corporate purposes
GMP Analysis
The current Grey Market Premium (GMP) for Ather Energy IPO is +₹12, suggesting an expected listing price of around ₹333. This indicates moderate listing gains are expected.
Should You Apply?
Based on the strong brand recognition, growing EV market in India, and positive GMP, this IPO looks attractive for short term listing gains. However long term investors should note the company is still loss making and profitability timeline is uncertain.
Verdict: Apply for Listing Gains