EV/Auto - Listed on 06 May 2025
Ather Energy (EV/Auto) closed its IPO window in 2025 and listed on NSE and BSE on 06 May 2025 at an upper band issue price of Rs 321, opening at Rs 328 for a listing gain of +2.2% and closing day one at Rs 302.3 (-5.8% on closing basis). The IPO was subscribed 1.43x overall - QIB 1.70x, HNI/NII 0.66x, Retail 1.77x. The total issue size was Rs 2,980.76 Cr (Fresh Issue Rs 2626 Cr, OFS Rs 354.76 Cr). IPO GMP data, subscription trends across Day 1 - Day 3 and Nifty performance around the listing window are detailed below.
EV/Auto
Ather Energy operates in the EV/Auto space. The company’s listed profile is shaped by its operating niche, customer demand and ability to convert that demand into steady cash flows. Investors should read its exchange filings alongside the headline listing numbers for a fuller view of the business.
Issue structure, listing outcome and context
The Ather Energy issue was offered at an upper price of Rs 321 and raised approximately Rs 2,980.76 crore. The final outcome reflected a mix of subscription demand, valuation, market conditions and the company’s own operating story. Fresh issue and offer-for-sale details, where available, are shown in the issue metrics below.
Number of times each investor category subscribed by close of Day 3.
How overall subscription built up across the three-day issue window.
Grey market premium (GMP) tracked day-by-day across the IPO window. Absolute GMP is the premium in rupees over the upper issue price; GMP % is that premium as a percent of the issue price.
| Day | GMP (Rs) | GMP % |
|---|---|---|
| Day 1 | Rs 5 | +1.56% |
| Day 2 | Rs 5 | +1.56% |
| Day 3 | Rs 5 | +1.56% |
| Day 4 | Rs 3 | +0.93% |
| Day 5 | Rs 3 | +0.93% |
Comparison between market-based GMP prediction and IPOGyani's AI-powered listing gain prediction.
How the broader market moved around the Ather Energy IPO window. Helpful for isolating how much of the listing gain came from company fundamentals vs. market tailwind.
Ather Energy IPO listed at +2.2% versus the upper issue price of Rs 321 on 06 May 2025.
Ather Energy IPO was subscribed 1.43x overall. QIB portion was subscribed 1.70x, HNI / NII 0.66x and Retail 1.77x.
IPO GMP started at Rs 5 on Day 1 and moved to Rs 3 by the close of the issue window. See the day-by-day GMP table above for the full trajectory.