Ather Energy IPO: Key Details, Grey Market Premium (GMP) Update, and Should You Subscribe?
Ather Energy, one of India’s leading electric two-wheeler (E2W) manufacturers, has officially opened its Initial Public Offering (IPO) for subscription today, April 28, 2025. Known for its innovative e-scooters like the Ather 450 series and the recently launched family-oriented Rizta model, Ather's public issue has garnered significant attention among investors. Here's an in-depth look at the IPO details, current Grey Market Premium (GMP) trends, and expert opinions on whether you should consider subscribing. IPO Structure and Price Band The Ather Energy IPO is sized at approximately ₹2,981.06 crore. This includes a fresh issuance of shares worth ₹2,626 crore and an offer for sale (OFS) component totaling ₹354.76 crore. The company has set the price band for the IPO between ₹304 and ₹321 per share. Investors can bid for a minimum lot size of 46 shares and in multiples thereafter, making it accessible for a broad range of retail participants. The funds raised fro...