Ather Energy IPO: issue price, listing date and listing gain

The offer

Ather Energy, the electric two-wheeler maker, priced its IPO at 321 rupees per share. It was one of the year's most-watched EV listings, a pure-play bet on India's shift to electric scooters and the brand's premium positioning.

EV makers are valued on a future that is still being built: volume scale, gross margins as the supply chain localises, and the size of the addressable shift from petrol two-wheelers. That makes the listing print a weak signal and the multi-quarter trajectory the real story.

The listing and the read

Ather debuted on 6 May 2025 at around 302 rupees, about 6 percent below its 321 rupee issue price, a soft listing in a cautious window for new-age names. The early print disappointed the listing-gain hunters.

What followed is the lesson of the IPO: the soft list was not the story. Over the months after listing the stock re-rated materially as the EV volume and margin trajectory played out, a reminder that the listing day is a sentiment snapshot, not a verdict on the business. BazaarBaazi reads EV names on delivery numbers and unit economics, not the debut tick. Editorial framing, not investment advice.

The verified record

The hard, cross-checked facts of the listing.

Listing-day figures are verified against public IPO records. Post-listing prices move daily and are not shown here; this page is the durable record of how Ather Energy came to market, not a live quote.

FAQ3 reader questions · AEO-eligible

Common questions on the Ather Energy IPO.

More from the Class of 2025

How the year's other notable IPOs actually listed.