The much-anticipated initial public offering (IPO) of Ather Energy, India's leading electric two-wheeler manufacturer, kicked off today, april 28. Investors have been eagerly tracking the IPO, considering Ather’s prominent position in the booming electric vehicle (EV) sector.
Here’s a complete roundup of all the key developments from Day 1 of the Ather Energy IPO:
IPO Subscription Status
As per the latest data, the Ather Energy IPO received a healthy response from investors on its opening day. The issue was subscribed over X.X times in the retail category by the afternoon session, while institutional and high-net-worth individual (HNI) participation was picking up pace steadily.
Market analysts expect a stronger surge in subscriptions as the day progresses, especially closer to the market closing hours, a trend commonly seen with popular IPOs.
Grey Market Premium (GMP) Update
According to sources tracking the grey market, Ather Energy’s IPO is witnessing an active premium. The Grey Market Premium (GMP) for Ather Energy shares today was reported at approximately ₹XX-₹XX per share, indicating strong investor sentiment. This suggests that the stock could potentially list at a significant premium to its issue price.
However, experts caution investors to treat GMPs only as an informal indicator and not the sole basis for investment decisions.
IPO Details at a Glance
Price Band: ₹XXX to ₹XXX per share
Lot Size: XX shares
Issue Size: ₹XXXX crore
Issue Type: Fresh issue + Offer for Sale (OFS)
Purpose: Funding expansion plans, R&D investments, debt reduction, and general corporate purposes.
The IPO will remain open for subscription until [date], providing investors a few more days to apply.
Company Background
Founded in 2013, Ather Energy has established itself as one of the pioneers in India's EV space, known for its premium electric scooters like the Ather 450X and 450S. Backed by marquee investors like Hero MotoCorp, Ather has built a reputation for innovation, a robust charging network, and a loyal customer base.
The company’s strong brand recall, technology leadership, and aggressive expansion plans across india make it one of the standout listings in 2025.
Investor Sentiment
Market experts are bullish about Ather Energy’s prospects, citing the growing momentum in the EV industry, government incentives for electric mobility, and Ather’s differentiated product offerings. However, they also advise keeping an eye on valuations and competition in the fast-evolving EV market.
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