Ather Energy, a prominent electric scooter manufacturer, made its stock market debut on Monday, May 6, 2025, with its shares listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) at 10:00 AM. The listing follows a successful initial public offering (IPO), signalling strong investor interest in the electric mobility space.
The ₹2,980.76 crore IPO consisted of a fresh issue of ₹2,626 crore and an offer-for-sale (OFS) of ₹354.76 crore. The price band for the issue was set at ₹304–₹321 per share, with a lot size of 46 shares. The IPO received robust subscription across investor categories, indicating high confidence in Ather’s future in the rapidly expanding electric vehicle (EV) market.
Proceeds from the fresh issue will be used to set up a new manufacturing facility in Maharashtra and to reduce existing debt. The company is aiming to ramp up its production capacity to meet increasing demand for electric two-wheelers in India, where EV adoption is being fuelled by policy incentives, rising fuel costs, and environmental awareness.
Ather Energy’s market debut comes at a time of growing momentum in India’s EV sector. Known for its premium electric scooters and a growing nationwide charging infrastructure, the company stands in competition with established players like Ola Electric, TVS Motor, and Bajaj Auto.
Market analysts remain positive about Ather’s long-term growth, citing its innovation-led approach and strategic expansion plans. However, they also note the challenges posed by intense competition and the company’s journey towards sustained profitability.
The successful listing of Ather Energy marks a significant step in India’s clean mobility transition, reinforcing investor appetite for companies aligned with the future of sustainable transport.
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