Markets / IPO / Ather Energy

Ather Energy IPO

Updated 19:46

Mainboard IPO on NSE and BSE · 2/3 Wheelers

Status

Listed

Price band

₹304–321

Lot size

46 shares · ₹14,766

Subscribed

1.43×

How it listed

Issue price

₹321

Listing price (open)

₹328.00 +2.18%

First-day close

₹302.30 -5.83%

Price now

₹1,821.70 +467.51%

Listing day	6 May 2025
Open / high / low / close	₹328.00 / ₹333.00 / ₹299.10 / ₹302.30
Shares traded on NSE	1,50,01,040
Market value at the listing-day close	₹11,989 cr

Closing prices since listing: 26 Oct ₹1,575.00, 27 Oct ₹1,674.00, 28 Oct ₹1,650.00, 29 Oct ₹1,663.00, 30 Oct ₹1,756.00, 2 Nov ₹1,774.60, 3 Nov ₹1,795.00, 4 Nov ₹1,840.00, 5 Nov ₹1,778.60, 6 Nov ₹1,821.70.

Ather Energy share price, live chart and technicals →

Key dates

Bidding opens	28 Apr 2025
Bidding closes	30 Apr 2025
Allotment	1 May 2025
Refunds and shares in demat	2 May 2025
Listing	6 May 2025

Issue reservation

Investor group	Shares	% of issue	Most applicants allotted
Anchor investors	4,17,45,576	43.89%	–
Institutions (QIB)	2,89,27,363	30.42%	–
HNI / NII	1,46,01,478	15.35%	–
HNI, above ₹10 lakh	97,34,319	10.23%	3,111
HNI, ₹2–10 lakh	48,67,159	5.12%	7,557
Retail	97,34,319	10.23%	2,11,615
Employees	1,00,000	0.11%	–

Shares NSE lists as offered to each group, plus the anchor portion. "Most applicants allotted" is how many people can get the minimum application in that group when it is oversubscribed.

Lot size by investor type

Application	Lots	Shares	Amount
Retail (minimum)	1	46	₹14,766
Retail (maximum)	13	598	₹1,91,958
Small HNI (minimum)	14	644	₹2,06,724
Small HNI (maximum)	67	3,082	₹9,89,322
Big HNI (minimum)	68	3,128	₹10,04,088

At ₹321 a share. Retail bids go up to ₹2 lakh, small HNI from ₹2 lakh to ₹10 lakh, big HNI above ₹10 lakh.

Chance of getting shares (retail)

Chance

At least 1 in 2

Retail allotments available

2,11,615 × one lot

Retail portion subscribed

1.78×

An estimate from the times the retail portion was subscribed, as if every applicant bid for the minimum. Many bid for more lots, so the real chance is usually better. Winners are picked by lottery and each gets the minimum (one lot).

Subscription

Investor category	Shares offered	Shares bid for	Times subscribed
Institutions (QIB)	2,89,27,363	4,90,60,472	1.70×
HNI / NII	1,46,01,478	96,27,202	0.66×
HNI, above ₹10 lakh	97,34,319	68,41,626	0.70×
HNI, ₹2–10 lakh	48,67,159	27,85,576	0.57×
Retail	97,34,319	1,73,13,710	1.78×
Employees	1,00,000	5,42,662	5.43×
Total	5,33,63,160	7,65,44,046	1.43×

NSE and BSE bids together, as of 30 Apr 2025 19:00.

Anchor investors

Anchor bid date	25 Apr 2025
Anchor shares	4,17,45,576
Raised from anchors	₹1,340.03 cr
Lock-in ends for the first 50% (30 days)	30 May 2025
Lock-in ends for the remaining 50% (90 days)	29 Jul 2025

Anchor investors are large funds that buy the day before the IPO opens. SEBI locks in half their shares for 30 days from the allotment and the rest for 90 days; they can sell from the next trading day. Traders watch these dates because extra selling can come in.

Financials and valuation

	At issue price	Now
Market value	₹12,731 cr	₹72,249 cr
P/E (last 12 months' profit)	–	–

Revenue, last 12 months	₹4,809 cr
Profit, last 12 months	₹-234 cr
Return on equity	-5.5%
Debt to equity	0.19

From results the company filed with NSE (latest period to 30 Sept 2026). Twelve-month figures need four quarters of results, so they fill in over the first year after listing.

Other recent IPOs: 2/3 Wheelers

Company	Listed	Subscribed	On listing	Since IPO
Victory Electric Vehicles International SME	14 Jan	–	-15.98%	-68.29%
Delta Autocorp SME	14 Jan	–	+34.62%	-71.54%

IPO details

Price band	₹304–321
Final issue price	₹321
Lot size	46 shares
Minimum investment	₹14,766 (1 lot)
Market	NSE mainboard
Issue type	100% Book Building
Face value	Re.1 per Equity Share
Industry	2/3 Wheelers
Issue size	₹709.52 crore (about 2.21 crore shares) · Fresh issue + offer for sale: fresh ₹354.76 cr, offer for sale ₹354.76 cr
ISIN	INE0LEZ01016
Registrar	MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) Helpline: +91 8108114949, atherenergy.ipo@linkintime.co.in
Lead managers	Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited and Nomura Financial Advisory and Securities (India) Private Limited
Prospectus	Red herring prospectus (NSE)

Check allotment status

Allotment was finalised on 1 May 2025. Check it on the registrar's page (MUFG Intime India Private Limited (Formerly Link Intime India Private Limited)), NSE or BSE with your PAN or application number.

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From NSE's official IPO data. Expected dates follow SEBI's T+3 timetable; the exchange confirms them. Information only, not investment advice.

What is the Ather Energy IPO price band and lot size?

The price band is ₹304–321 per share, and one lot is 46 shares (₹14,766 at the upper price).

When is the Ather Energy IPO allotment date?

Allotment was finalised on 1 May 2025, the next working day after bidding closed on 30 Apr 2025.

How many times was the Ather Energy IPO subscribed?

In total 1.43 times, on NSE and BSE together; retail 1.78 times.

What is the Ather Energy IPO listing date?

It listed on 6 May 2025 on NSE and BSE.

What is the chance of getting Ather Energy IPO shares?

At least 1 in 2 retail applicants got the minimum lot: 2,11,615 retail allotments with the retail portion subscribed 1.78 times. Winners are picked by lottery.

When does the Ather Energy anchor lock-in end?

The 30-day lock-in on half of the anchor investors' shares ends on 30 May 2025 and the 90-day lock-in on the rest ends on 29 Jul 2025; they can sell from the next trading day.

What was the Ather Energy listing gain?

It opened at ₹328.00 against an issue price of ₹321, a gain of 2.18%. It is now up 467.51% from the issue price.