Learn how to check the Ather Energy IPO allotment status, subscription details, GMP, and listing expectations. Your guide to Ather’s IPO success!
Introduction to the Ather Energy IPO:
The electric vehicle revolution in India is gaining progress, and Ather Energy is leading the way with its recently completed Initial Public Offering (IPO). The Ather Energy IPO, launched on April 28, 2025, aimed to raise ₹2,981.06 crore through a fresh issue of 8.18 crore shares and an offer to sell 1.11 crore shares. This IPO, priced between ₹304 and ₹321 per share, has sparked excitement among investors eager to back an industry leader in electric scooters. Ather Energy is known for premium models such as the Ather 450 and Ather Rizta, as well as innovation. But what’s the latest on the IPO allotment, and how should you approach it? Let’s dive in.
IPO Allotment Process and Status:
The Ather Energy IPO allotment was finalized on May 2, 2025, a significant milestone for investors. Checking your allotment status is simple and can be done through several platforms:
- MUFG Intime India (registrar): Visit their official website, click “Ather Energy IPO,” and enter your PAN, application number, or DP client ID.
- BSE Website: Go to the IPO application check page, select “Ather Energy,” and provide your information.
- NSE Website: Navigate to the IPO login section, select the IPO, and enter your PAN or application number.
Successful applicants received share credits in their Demat accounts by May 5, 2025; furthermore, refunds for non-allotted bids were processed thereafter. Therefore, if you applied, check your status now to confirm your investment in this EV powerhouse.
Subscription and Investor Reaction:
The Ather Energy IPO received a subscription rate of 1.50 times, with 7.67 crore shares bid for and 5.11 crore offered. Here’s how the various investor categories responded:
Retail investors (RIIs): Subscribed 1.89 times, indicating high individual interest.
- Qualified Institutional Buyers (QIB) subscribed 1.76 times, demonstrating institutional confidence.
- Non-institutional Investors (NII) subscribed 0.69 times, indicating cautious participation.
- Employees have subscribed 5.43 times, demonstrating internal faith in Ather’s vision.
This moderate subscription level indicates selective enthusiasm, with retail and employee segments driving demand. The data support Ather’s appeal as a retail-friendly EV investment.
Grey Market Premium Insights:
The grey market premium (GMP) provides insight into listing expectations. As of May 2, 2025, Ather Energy’s GMP was ₹0, indicating shares were trading at the upper price band of ₹321 in the grey market. Earlier GMP estimates of ₹17 predicted a modest listing increase, but the current flat GMP indicates a neutral debut. Investors should be aware that GMP is speculative and not a reliable predictor. With the listing scheduled for May 6, 2025, on the BSE and NSE, keep an eye on market sentiment to gauge initial performance.
Financial and Company Highlights:
Tarun Mehta and Swapnil Jain founded Ather Energy in 2013, and the company is a leader in India’s electric two-wheeler market. According to CRISIL, it sold over 1.09 lakh scooters in FY24, putting it third in EV scooter sales overall. Ather differentiates itself with its vertically integrated model, which includes in-house design, battery packs, and software (Atherstack). As of February 2025, the company has 303 registered trademarks, 201 design registrations, and 45 patents.
In FY24, Ather reported ₹1,789.1 crore in revenue, slightly down from ₹1,801.8 crore in FY23, with a net loss of ₹1,059.7 crore, an increase from ₹864.5 crore. Ather’s ₹1,121 crore debt as of December 2024 is a concern, despite the company’s growth investments. However, its innovation and market share make it a compelling long-term investment.
IPO Goals and Fund Utilization:
Ather Energy intends to use the IPO proceeds strategically to fuel its growth-
- ₹927.2 crore– Building a new E2W factory in Maharashtra to increase production.
- ₹750 crore to support R&D for innovative products and technology.
- ₹300 crore: Increased marketing and brand outreach.
- Repaying borrowings worth ₹40 crore will strengthen the balance sheet.
- The remaining funds will be used to support general corporate needs.
These investments demonstrate Ather’s desire to expand operations, innovate, and gain a larger share of India’s thriving EV market. For investors, this clarity on fund usage boosts trust in Ather’s roadmap.
Investor Advice and Next Actions:
If you’re an Ather Energy IPO candidate, here’s your action plan:
- Check the Allotment Status: Confirm your shares through the registrar, BSE, or NSE portals.
- Monitor Refunds or Credits: Verify any Demat credits or refunds by May 5, 2025.
- Prepare for Listing: With the listing on May 6, 2025, decide whether to hold for long-term growth or sell based on current market trends.
- Assess Long-Term Potential: Despite current losses, Ather’s innovation and EV market leadership make it an attractive option for patient investors.
Note: IPO investments involve market risk. To make informed decisions, consult with a financial advisor and review Ather’s Red Herring Prospectus.
Conclusion,
The Ather Energy IPO allotment provides an opportunity to own a stake in India’s electric mobility future. With a moderate subscription, flat GMP, and a listing on the horizon, investors have a unique opportunity to align with a brand that is redefining two-wheeler travel. Check your allotment status, stay informed about the stock market, listing developments, and balance Ather’s growth potential with market risks.
