Ather Energy is finally hitting the stock market today—and while it’s not the most explosive debut we’ve seen, there’s still a lot to watch.
Bengaluru-based electric scooter brand Ather Energy is making its big stock market debut today, May 6, 2025. The EV company’s shares are listing on both the BSE and NSE at around ₹335—just a modest 4% premium over the IPO price of ₹321.
Ather Energy IPO Recap: What Went Down
Ather’s ₹2,981 crore initial public offering (IPO) opened for subscription from April 28 to April 30, and it saw 1.5x subscription. Not bad, but definitely not a blockbuster. The price band was set between ₹304 and ₹321 per share.
With trading kicking off at 10:00 a.m. during a special pre-open session, Ather becomes the first mainboard IPO of FY 2025–26. It’s also one of the most talked-about EV listings this year.
So, How’s the Market Feeling?
According to the grey market (you know, where early vibes show up), the GMP was around ₹14 per share before listing day. That hinted at a mild premium—nothing huge, but not disappointing either.
This lukewarm response? It’s partly due to investor caution around high-growth but unprofitable companies. Even though Ather has carved a name for itself in the electric two-wheeler space, it’s still in growth mode, and profitability is a work in progress.
Why Ather Still Matters
Founded in 2013 by IIT Madras grads Tarun Mehta and Swapnil Jain, Ather isn’t just another EV startup. It’s positioned itself as a premium, high-performance brand, going head-to-head with the likes of Ola Electric and TVS.
The company has been expanding its manufacturing capacity and charging infrastructure across multiple cities—riding the wave of India’s push for electric mobility.
What This Means for Investors and the EV Market
While today’s listing isn’t making fireworks, it could still be a trendsetter for upcoming clean-tech IPOs. Ather’s journey from startup to stock market is a milestone for India’s EV sector.
With all eyes on how the stock performs post-listing, the big question is: Can Ather keep up the momentum on the markets like it has on the roads?
Stay tuned—this ride’s just getting started.
