Ather Energy IPO Update: Anchor Investors Pump in Rs. 1,340 Cr; Check GMP, Subscription Dates, Price Band

The highly awaited Ather Energy IPO is creating a major buzz in the market. Backed by Hero MotoCorp, the electric two-wheeler (E2W) manufacturer Ather Energy has successfully raised Rs. 1,340 crore from anchor investors just ahead of its public issue as per a recent update. The IPO will open for public subscription on April 28, Monday and investors are showing strong interest in this electric mobility player.

Ather Energy IPO Details

The Ather Energy IPO is a book-building public issue worth Rs. 2,981.06 crore. It includes a fresh issue of 8.18 crore equity shares aggregating to Rs. 2,626.30 crore, and an Offer for Sale (OFS) of 1.11 crore shares aggregating to Rs. 354.76 crore. The price band of the IPO is fixed between Rs. 304 and Rs. 321 per share, according to data from Chittorgarh website.

If you are a retail investor, you can apply for the Ather Energy IPO by buying at least 46 shares, which will cost you around Rs. 13,984. However, it's better to apply at the cut-off price, which would slightly increase your total to about Rs.14,766. This way, you have a better chance of getting the shares even if the IPO is oversubscribed (meaning more people apply than there are shares available).

For bigger investors (known as non-institutional investors or NIIs), Small NIIs (sNII) need to apply for at least 14 lots, which is 644 shares, costing around Rs. 2,06,724. While Big NIIs (bNII) have to apply for at least 68 lots, meaning 3,128 shares, and this would cost about Rs. 10,04,088.

Ather Energy IPO Important Dates

The Ather Energy IPO subscription window will be open from April 28, 2025 to April 30, 2025. The allotment of shares is likely to be finalized on May 2, 2025, and the listing on both BSE and NSE is scheduled for May 6, 2025. Investors should keep these dates in mind to track their application status and allotment results.

Ather Energy IPO Anchor Investors

Ahead of its public launch, Ather Energy raised Rs. 1,340 crore from 36 prominent anchor investors. Some of the notable names include Custody Bank of Japan, Franklin Templeton, Abu Dhabi Investment Authority, Eastspring Investments, Morgan Stanley Investment Management, and Societe Generale.

In the domestic market, PSBI Mutual Fund, Aditya Birla Sun Life Mutual Fund, ICICI Prudential Mutual Fund, Invesco Mutual Fund, ITI Mutual Fund, and Union Mutual Fund also participated. The company allotted 4.17 crore shares to anchor investors at the upper price band of Rs. 321 per share, showcasing strong institutional confidence in Ather Energy's growth story.

Ather Energy IPO GMP (Grey Market Premium) Update

As per data from InvestorGain, as of April 26, 2025 (1:30 PM), the Grey Market Premium (GMP) for the Ather Energy IPO is around Rs. 3. With the IPO price set at ₹321 per share, the expected listing price could be around Rs. 324.This suggests a potential gain of about 0.93% per share if it lists at this estimated price.

About Ather Energy

Founded in 2013, Ather Energy is among India's leading electric two-wheeler manufacturers. The company's flagship products, the Ather 450X and Ather 450S, are known for their premium quality, technology integration, and performance.

Backed by Hero MotoCorp and Tiger Global, Ather Energy has built a strong brand presence in the Indian EV market. It has also invested heavily in research and development (R&D), recently expanding its product testing and validation capabilities to accelerate innovation and maintain its leadership position. The book-running lead managers (BRLMs) for the Ather Energy IPO are Axis Capital, JM Financial, Nomura Financial Advisory and Securities (India), HSBC Securities & Capital Markets