Ather Energy IPO Allotment Status: All You Need to Know

IPO Timeline and Key Details

• IPO Opening Date: April 28, 2025
• IPO Closing Date: April 30, 2025
• Allotment Finalization: May 2, 2025
• Listing Date on NSE & BSE: May 6, 2025

The IPO was available for subscription over three days and concluded on a high note with positive investor sentiment.

Issue Size and Pricing

• Total Issue Size: ₹2,980.73 crore
• Fresh Issue: ₹2,626.30 crore
• Offer for Sale (OFS): ₹354.76 crore
• Price Band: ₹304 — ₹321 per share
• Lot Size: 46 shares per lot

The fresh issue portion will primarily fund expansion initiatives including manufacturing, R&D, and repayment of debts.

Subscription Status by Investor Category

• Qualified Institutional Buyers (QIBs): 1.3 times subscribed
• Retail Individual Investors (RIIs): 1.45 times subscribed
• Non-Institutional Investors (NIIs): 1.12 times subscribed
• Overall Subscription: 1.32 times

The participation indicated solid confidence in Ather’s vision and EV prospects.

Allotment Status: How to Check

Investors who applied for the Ather IPO can check the allotment status through the following official platforms:

1. Registrar Website — MUFG Intime India

• Visit: https://in.mpms.mufg.com/Initial_Offer/public-issues.html
• Select “Ather Energy IPO”
• Enter PAN, Application Number, or DP Client ID
• Click “Search” to view status

2. BSE Website

• Visit: https://www.bseindia.com/investors/appli_check.aspx
• Choose “Equity” and “Ather Energy”
• Enter relevant details and submit

3. NSE Website

• Visit: https://www.nseindia.com/
• Go to “Check IPO Allotment Status” under Investor Services
• Enter PAN or application number

Company Overview: Ather Energy at a Glance

Founded in 2013 by Tarun Mehta and Swapnil Jain, Ather Energy has carved a niche in India’s EV space. Backed by Hero MotoCorp and Tiger Global, Ather is known for innovation in design, software, and performance.

Ather Energy Financials

Revenue generated by the company (2022–2024)

Total assets held by the company (2022–2024)

Profit generated by the company (2022–2024)

Key Products

• Ather 450X
• Ather 450 Plus

Expansion Focus

• Scaling manufacturing capacity
• Strengthening distribution and service network
• Investing in R&D for product innovation

Strategic Use of IPO Proceeds

The funds raised through the fresh issue will be used for:

• Setting up a new large-scale production facility
• Boosting charging infrastructure (Ather Grid)
• Debt reduction and working capital
• Software and technology upgrades

Anchor Investors’ Confidence

Before the IPO opened to the public, Ather raised ₹1,340 crore from anchor investors including:

• Abu Dhabi Investment Authority
• Temasek (Singapore)
• HDFC Mutual Fund
• ICICI Prudential

This pre-IPO investment significantly boosted market confidence.

Grey Market Premium (GMP) and Listing Expectations

As of May 2, 2025:

• GMP: Trading around ₹45–₹50 over issue price
• Expected Listing Price: ₹360–₹370

Analysts predict a modest listing gain if current sentiments continue.

Market Impact and Investor Sentiment

The Ather IPO reflects strong market trust in sustainable mobility, local manufacturing, and the broader EV ecosystem in India. It comes amid rising FDI and regulatory support for electric mobility.

Expert Opinions

What Analysts Are Saying:

• Motilal Oswal: “Long-term play on India’s EV story. Valuations appear justified.”
• ICICI Direct: “Strong leadership in performance EV segment. Allotment should see decent gains.”
• Kotak Securities: “Ather is riding the electrification wave effectively. Investors should monitor long-term execution post-IPO.”

Conclusion

The Ather Energy IPO marks a significant milestone in India’s EV journey. From anchor backing to healthy subscription and GMP signals, the IPO has gained investor attention on all fronts. With listing set for May 6, the market now awaits the next chapter in Ather’s growth story.