Ather Energy IPO to Open on April 28: Check Latest GMP Details Ahead of the IPO Listing

The Bangalore-based electric two-wheeler manufacturer, Ather Energy, will open its IPO for public subscription on April 28, 2025 and close on April 30, 2025. The IPO will be a book-built issue, consisting of 8.18 crore equity shares worth ₹2,626 crore and an offer for sale (OFS) of 1.11 crore shares worth ₹354.76 crore. The issue price band is set at ₹304–₹321 per share.

As per the RHP, Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited, and Nomura Financial Advisory and Securities (India) Private Limited are appointed as the book-running lead managers of the IPO. MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) will be the registrar. 

GMP Details

Ahead of its IPO, the Grey Market Premium (GMP) of Ather Energy stood at ₹5 as of April 25, 2025, 06:31 a.m. This indicates that the estimated listing price of the shares can be around ₹326, based on the upper end of the price band at ₹321. The expected gain per share is around 1.56%. 

The allotment of shares for the Ather Energy IPO will likely be finalised on Friday, May 2, 2025, followed by the initiation of refunds for the unallocated shares. The company’s shares are expected to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Tuesday, May 6, 2025.