Shares of Ather Energy are set to debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) today, Tuesday, May 6, at 10:00 AM. Investors and market watchers are keeping a close eye on the electric vehicle player’s first appearance on the public market following a well-received IPO.
Subscription Metrics and GMP Trends
Ather Energy’s IPO, valued at ₹2,980.6 crore, was open for subscription between April 28 and April 30, 2025. The public issue saw an overall subscription of 1.50 times, reflecting moderate interest across investor categories. Retail investors subscribed at 1.89 times, institutional buyers (QIBs) at 1.76 times, while non-institutional investors (NIIs) lagged slightly at 0.69 times.
The IPO price band was set between ₹304 and ₹321 per share. As of the latest grey market premium (GMP) update, Ather’s unlisted shares are trading around ₹335 — a modest 4% premium over the upper IPO price. This suggests a steady listing with minimal volatility, reflecting stable market sentiment around the electric vehicle sector.
The GMP, while fluctuating based on demand, currently signals a flat-to-slightly-positive listing. Earlier, the premium had shown zero gains, indicating that investor confidence has seen a mild recovery ahead of the listing day.
Investor Checkpoints and Market Outlook
Investors who participated in the IPO can check their allotment status via the official BSE India portal. After selecting ‘Equity’ as the issue type and choosing ‘Ather Energy Limited’ from the dropdown, they must enter their application number or PAN to view the results. Allotment status is also available through the registrar’s website at Link Intime India Pvt Ltd.
Founded in 2013, Ather Energy is a leading Indian electric two-wheeler (E2W) manufacturer known for its vertically integrated operations. The company designs, assembles, and markets electric scooters, along with proprietary battery packs and charging systems. With a focus on product innovation and in-house technology development, Ather is well-positioned to benefit from the growing shift toward sustainable mobility.
Meanwhile, market trends in the broader electric mobility and IPO space suggest increasing investor appetite for clean tech plays. As the Nifty and sector-specific indices like auto stocks and bank rally segments remain active, Ather’s performance could signal a broader sentiment shift toward future-ready industries.
That said, all eyes are on Ather’s opening bell as its market performance today could provide fresh cues for upcoming IPOs and sectoral shifts in investor strategy.