Ather Energy IPO Allotment Status: The Rs3,000 crore worth Ather Energy IPO was fully subscribed on the last day of its issue, driven by demand from retail and qualified institutional investors. However, compared to its listed peer Ola Electric, the IPO underperformed. Ather is expected to list on the Indian stock market next week, and its latest GMP is hinting at a flat debut.
Ather Energy IPO Vs Ola Electric IPO:
After lacklustre demand from April 28-29, Ather Energy IPO finally managed to fully subscribe on Day 3, which was April 30. By the end of Day 3, the IPO received bids of 7,65,33,972 shares against its offered size of 5,33,63,160 shares, registering a subscription of 1.43x. The retail individual investors portion subscribed 1.78 times, followed by the qualified institutional buyers' category that subscribed 1.70 times. However, high net worth or NIIs showed dull demand with their category subscribing just 66% of the reserved size for them.
Here, Ola Electric beats Ather Energy IPO. Ola Electric IPO which was launched from April 2nd to April 6th of 2024, received an oversubscription of 4.45 times by end of the Day 3. All categories were fully subscribed in Ola Electric's IPO. RIIs had an oversubscription of 4.05 times, while QIBs outperformed with an oversubscription of 5.53 times. NIIs bid subscribed by 2.51 times.
Ather's IPO opened on April 28 and closed on April 30th. It was a 100% book-building, with price bands fixed at Rs 304 to Rs 321 per equity share, with a face value of Re 1 each. The IPO comprised of a fresh issue worth Rs 2,620 crore and an offer for sale (OFS) of up to 11,051,746 equity shares.
Ather Energy Listing Vs Ola Electric Listing:
Ather Energy is expected to list on April 6th. It will be keenly watched if Ather can outperform Ola Electric which made its market debut on BSE and NSE on a discounted note on April 9, 2024. On BSE, Ola Electric listed at a slight discount to Rs 75.99 apiece, and on NSE the stock listed flat at Rs 76. The issue price of Ola Electric IPO was at Rs 76.
"Despite this interest, listing gains are expected to be modest, largely due to stretched valuations and a less supportive market environment compared to October 2024," Gaurav Garg, Lemonn Markets Desk said.
He further added, "While comparisons with Ola Electric are inevitable, Ather stands out with a more premium brand image, superior margins per vehicle, and lower cash burn. That said, it currently commands only about one-third of Ola's market share. Similar to Ola's IPO, a post-listing rally remains possible if momentum builds after debut."
Ather Energy IPO GMP Today:
As per Investor Grain, Ather Energy IPO last GMP is ₹0, last updated Apr 30th 2025 11:29 PM. With the price band of 321.00, Ather Energy IPO's estimated listing price is ₹321 (cap price + today's GMP).The expected percentage gain/loss per share is 0.00%.
Hence, a flat listing is expected for Ather Energy.
Ather Energy IPO Allotment Date:
The IPO's allotment status is likely to take place on May 2, 2025. The eligible shareholders will be identified on this day. After allotment status, the IPO will credit its shares to investors or initiate refunds on May 5th.
Ather Energy IPO Allotment Status:
To Check Your Application Status On Link Intime Private Limited, Click On The Link Below:
Step 1: Since Ather Energy IPO is 100% book building, select 'Equity & SME IPO bid details' option
Step 2: Select Symbol 'ATHER'
Step 3: Enter PAN number and Application number. Then click on Submit
Ather has been a pioneer in the E2W industry and has carved out a niche for itself with an efficient and quality product, tech-enabled features and superior user experience. However uncertainty in the EV subsidies offered by the Govt., consistent cash burn and operating losses, rising competition from traditional peers and a history of slow distribution expansion may pose near-term challenges. Also, at the upper price band, Ather is available at a rich valuation of ~6x its FY25E sales, leaving little on the table for investors, as per Aditya Birla Capital's note.
Meanwhile, analysts at HEM Securities said that the company has ability to pioneer new technologies .Its E2Ws are positioned at a premium price in their respective segments in the E2W market. Company has established and scalable technology platform enabling accelerated product launches.
Analysts note said, "We are quite optimistic on Ather Rizta which helps company in gaining market share as well as increase in gross margin. Focus on quality , innovation & R&D are also some of the key differentiators of company. However we find valuations to be almost in line with company's close peer and therefore seems to be fully priced at current level . We also believe that issue's premium listing to some extent will also depend on market mood & macro situation at that time.
About Ather Energy IPO:
Ather Energy Limited is a pioneer in the Indian electric twowheeler ("E2W") market. Company is a pure play EV company that sells E2Ws and the associated product ecosystem, comprised of company's software, charging infrastructure and smart accessories, all of which are conceptualised and designed by company in India. Other than battery packs which are manufactured in-house and portable chargers and motors which are designed and manufactured by company's suppliers, other key E2W components, such as motor controllers, transmissions, vehicle control units, dashboards, DC-DC converters, harnesses, and chassis are designed in-house and outsourced to suppliers for manufacturing.
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