Ather Energy IPO: Should You Subscribe or Avoid? Key Details Inside

Ather Energy IPO: Ather Energy, a leading electric scooter company in India, has opened its IPO for public subscription starting today, April 18. The IPO is worth Rs.2,981 crore and is the first major public offering of the new financial year 2026.

The company has set the price band between Rs.304 and Rs.321 per share. The issue includes a fresh share offering of Rs.2,626 crore and an Offer for Sale (OFS) of 1.1 crore shares by existing investors.

The subscription will close on April 30, and Ather shares will be listed on NSE and BSE on May 6.

Also Read: Nifty, Sensex May Rebound Today as GIFT Nifty Points to Strong Opening

How Is the Grey Market Premium (GMP) for Ather Energy IPO?

The grey market premium (GMP) for Ather Energy shares was flat as of Monday morning, meaning there was no premium. However, earlier on April 22, a premium of ₹40 was seen. This shows mixed sentiments among investors.

Big Investors Supporting Ather Energy

Before launching the IPO, Ather Energy secured Rs.1,340 crore from several major anchor investors. These include Custody Bank of Japan, Franklin Templeton, Abu Dhabi Investment Authority, Morgan Stanley, Eastspring Investments, and Societe Generale.

Broker Views: Should You Invest?

Bajaj Broking: Invest Only for Long-Term

Bajaj Broking has advised caution. They mentioned that Ather Energy is still not profitable and has a significant debt of Rs.1,121 crore. They recommend that only long-term investors with extra money should think about investing.

Arihant Capital: Subscribe for Listing Gains

Arihant Capital is positive about Ather’s future. They believe the company’s strong position in the electric vehicle (EV) market, along with new models like the Ather Rizta and the upcoming Factory 3.0, could boost growth. They suggest subscribing for potential gains when the stock lists.

Ventura Securities: Positive for Listing Gains

Ventura Securities also recommends subscribing. They like Ather’s focus on premium products, its charging network Ather Grid, and its heavy investments in research and new factory setup despite current market challenges.

Also Read: PSU Stock: Multibagger railway PSU stock Railtel Corporation in focus, Keep an eye