Ather Energy Share Price Listing: Ola Electric's new rival debuted on BSE and NSE on May 6th, 2025. This will be Ather Energy Limited. However, unlike Ola, Ather Energy has listed at a premium of 1.6% on BSE and 2.2% on NSE, compared to its IPO issue price of Rs 321. However, market experts are suggesting investors be cautious about Ather Energy.
Ather Energy Share Price BSE:
On BSE, the IPO opened at Rs 326.05 apiece, a premium of 1.6% from its IPO issue price of Rs 321. The stock gained to hit an intraday high and low of Rs 332.90 apiece and Rs 308.95 apiece, which are its new 52-week high and low as well.
At the time of writing, Ather Energy traded at Rs 312.05 apiece, down by 4.3% from its listing price, and lower by 3% from its IPO issue price.
The company will trade under the B group on BSE, and has a market cap of more than Rs 11,610 crore.
Ather Energy Share Price NSE:
On NSE, Ather Energy listed at Rs 328 apiece, which is a premium of 2.2% from its IPO price. The stock's new 52-week high and low are at Rs 333 apiece and Rs 308.40 apiece respectively.
Currently, it traded at Rs 312.45 apiece, down by 4.74% from its listing price and lower by 2.7% from its issue price.
Here, the company has over Rs 11,637 crore market cap.
Ather Energy's rival is Ola Electric on BSE. However, Ola debuted at a discount.
Ola Electric made its market debut on BSE and NSE 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.
What Should Investors Do In Ather Energy?
"As expected, we see a flat listing, which was justified, as the issue was aggressively priced, especially when benchmarked against peer OLA Electric. We continue to believe the electric two-wheeler (EV 2W) segment remains highly competitive and capital-intensive, with most players, including market leaders, struggling to achieve sustainable profitability and raising concern with new investors," Prashanth Tapse, Senior VP (Research), Mehta Equities said.
Given these facts and risks, Tapse added, "we recommend a "HOLD" only to risk taking investors, who are comfortable with short- to medium-term volatility while conservative investors may still prefer a wait-and-watch, allowing the stock to settle with some reasonable valuation post-listing."
Industry being in High Growth - High Competition and High Cash Burning segment, the analyst believes there will be high volatility both in business as well as in the price action, hence investors should be aware of volatility & risk in short to medium term investing.
Ather Energy 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.
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.
About Ather Energy Limited:
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.
Disclaimer: The write-up is just for information purposes, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on article mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.
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