Ather Energy: Massive Rise, Shares Up By 9% after Muted Listing Gain, Check Details

Shares of Ather Energy Ltd, a newly-listed company, showed a gain of 9% of as it reached to day's high over ₹329.9 on May 7, 2025 just after a day of after the listing in Indian share market. The company launched its IPO to fund its new manufacturing plant in Maharashtra, research and development, repayment of debt, marketing activities, and general corporate purposes.

Details about the Ather Company

Ather Energy is an electric two-wheeler company which is involved in the designing, developing, in-house assembling etc. Its electric two-wheelers include two product lines, the Ather 450 and the Ather Rizta.

Listed Price of Ather Energy

IPO of the company was issued at ₹321. As expected it did not provide any significant listing gain on 6th May 2025. Ather Energy was listed at a premium of 2.18% at ₹328 on NSE, and at a premium of 1.6% at ₹326.05 on BSE. 

About Ather Energy IPO

IPO of the company for the proceeds of ₹2,981 crore did not get any substantial response from investors. Subscriptions from retail investors were only 1.78 times. Qualified institutional subscribed at 1.70 times. 
IPO was open for subscription from 28th April to 30th April 2025 for the issue price in the range of ₹304-₹321 per share. The IPO included 8.18 crore fresh equity shares worth ₹2,626 crore and 1.1 crore shares under offer for sale (OFS). 

What is the Future Expectation from Ather Energy?

Ather Energy CEO Tarun Mehta confirms that he is bullish on near-term growth, margin, volume and market share should trend higher in financial year 2025-26. Mehta also expects volume growth to be higher than the previous financial year. But as per experts, there is not any expectation of significant gain in the short term and medium term due to intensified completion in the market. Hero MotoCorp is the largest shareholder in the company having around 40% stake. Hero did not sell its shares in the IPO. It shows huge support from Hero.

Shares of Ather Energy showed significant increase in price after weak debut on Indian stock market. Seeing this, investors can expect more growth in near future but expectation is not very high.