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April 27, 2025 | by Amit Sharma

The buzz around Ather Energy’s IPO is loud—and for good reason. As one of India’s most exciting electric vehicle (EV) startups, Ather is hitting the public market at a time when sustainability, clean energy, and future mobility are top of mind for investors. But with all the hype comes a pressing question:
Is the Ather Energy IPO really worth it? Or is this another GMP-fueled frenzy with little substance?
Let’s break it all down—latest GMP, issue details, financials, listing gain potential, and what retail investors really need to know.
As of today, the Grey Market Premium (GMP) for Ather Energy IPO is ₹25-30 per share. This suggests a moderate premium over the expected issue price, indicating decent market interest but not an explosive listing.
⚠️ GMP fluctuates daily. Always verify from reliable IPO trackers before applying.
Founded in 2013, Ather Energy is a leading electric two-wheeler manufacturer best known for its Ather 450X scooter. Backed by Hero MotoCorp and Tiger Global, the company is expanding aggressively into Indian Tier-1 and Tier-2 cities.
Highlights:
| Detail | Info |
|---|---|
| Issue Price (Expected) | ₹200 – ₹220 per share |
| Lot Size | 65 shares |
| Minimum Investment | ₹14,300 (approx.) |
| Opening Date | Expected May 2025 |
| Closing Date | TBA |
| Listing Date | TBA |
| Exchanges | NSE, BSE |
| Date | GMP (₹) |
| 01 May | 25 |
| 02 May | 27 |
| 03 May | 30 |
| 04 May | 28 |
| 05 May | 30 |
The GMP has been steadily rising, showing growing interest among grey market investors.
| Metric | FY 2023 | FY 2024 (Estimated) |
| Revenue | ₹350 Cr | ₹600 Cr |
| EBITDA | ₹-120 Cr | ₹-45 Cr |
| Profit | Loss-making | Near Breakeven |
| Valuation (Expected) | ₹10,000 Cr |
While still in the red, Ather is narrowing losses and investing heavily in R&D and infrastructure.
Bull Case:
Bear Case:
Verdict: For long-term investors with risk appetite, Ather offers a solid EV bet. For short-term gain seekers, watch GMP and subscription levels.
Reddit and Twitter are buzzing with Ather IPO sentiment:
“Looks like a safer EV bet than Ola. Backed by Hero, decent fundamentals. I’m in.”
“Not sure about profitability. GMP is okay, but I’ll wait for listing.”

The Ather Energy IPO isn’t a moonshot, but it’s a solid contender in India’s booming EV landscape. The brand, tech focus, and gradual financial improvement make it an intriguing pick—if you have patience.
Q. What is the GMP of Ather Energy IPO today?
A: Around ₹25–30 per share, but it fluctuates.
Q. Is Ather Energy IPO worth applying?
A: For long-term investors in the EV space, yes. For listing gains, it’s moderately attractive.
Q. What is the Ather Energy IPO issue price?
A: Expected between ₹200–220 per share.
Q. When is Ather Energy IPO listing?
A: Expected later in May 2025.
Disclaimer: This article is for informational purposes only and not investment advice. Please consult a SEBI-registered financial advisor before making any investment.
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