Congrats Ather.
These images ware ss from 
https://www.chittorgarh.com/ipo/ather-energy-ipo/2357/
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Yup last year was technically their worst ytd. Hope they still have shareholders quota for Heromotocorp holders in this issue.
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Cannot expect anything in coming 2-3 years I feel so itās goona be +4years for sure the way they re going with this
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What happened to Tarunās weāre profitable now/ breaken even?
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Thatās what you say to invigorate fresh investor and calm the holders; also they meant that on the product not on the company itself. Edit:By product I mean 450 everything else is in separate tranche.
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Ahh yess. Now I recall, something.
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Itās now official, Ather is now āAther Energy LTDā
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Weak GMP. How long till Tarun realises he has ruined the company?
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i mean who is interested in a company that still produces 10 year old scooters with a washing machine motor and service costs higher than a freaking car like BYD Seal or Mahindra BE 6.
Nothing stands out about Ather except for their self-proclaimed āpremiumā products and exorbitant prices.
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True, I wonder what was going in their minds with this IPO pricing, no wonder there is a Weak GMP. There might be a huge price drop or Crash after they enter the market.
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No of rides taken by the users of Ather EV over last 2.5 years. I can see it is steadily increasing. So, the product and sale wise they are doing good.
The market is not accepting their price of IPO?
Source: I track my rides with and it comes with ride id, which is an incremental number. The difference between two ride ids picked on 10th of every month gives this data. This morning it crossed 1,395,114,735 (~1.4 billion) rides totally.
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That is also due to general volatility of the market; sentiment for risk is running low due to heavy consolidation which has affected the retail insanity to shore up any and all ipo due to listing gains and other such small greed as well as an anticipation of long winter in the market.
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Ather Energy IPO Update: Subscription, Performance, and Insights (as of April 29, 2025) The Ather Energy IPO is open for subscription until April 30, 2025, and hereās a quick rundown
IPO Snapshot
Price Band: ā¹304āā¹321 per share Issue Size: ā¹2,980.73 crores (Fresh Issue: ā¹2,626 crores, Offer for Sale: ā¹354.73 crores) Subscription Period: April 28ā30, 2025 Listing Date: May 5, 2025 (BSE & NSE) Minimum Lot: 46 shares (ā¹14,766 at upper band)
Subscription Status (as of April 29, 2025, 6:54 PM IST)
The IPO is 0.3 times subscribed overall, showing low demand so far. Hereās the breakdown: Investor Category Subscription (Times) Retail Individual Investors 1.2 Non-Institutional Investors 0.28 Qualified Institutional Buyers (QIB) 0 Employees 3.23 Retail is oversubscribed, showing decent interest. Employees are enthusiastic, likely due to a ā¹30/share discount. QIB and NII are lagging, which could signal institutional caution.
Grey Market Premium (GMP)
GMP: ā¹1.50 (as of April 29, 2025) Estimated Listing Price: ā¹322.5 (~0.47% premium over ā¹321) GMP has dropped from ā¹20 earlier, suggesting fading hype. A flat GMP with low subscription hints at a muted listing.
Financial Highlights (FY 2024)
Revenue: ā¹1,789.1 crores (down slightly from ā¹1,801.8 crores in 2023) Net Loss: ā¹1,059.7 crores (up from ā¹864.5 crores in 2023) Valuation: 6x EV/Sales ratio, considered high by some analysts Key Metrics: EBITDA Margin: -36% PAT Margin: -59% Debt/Equity: 0.88 Atherās growing losses and negative margins are raising eyebrows, especially for institutional investors.
Brokerage Views
Bullish: Arihant Capital, Bajaj Capital, and others recommend applying for long-term gains, citing Atherās EV market leadership and new launches (e.g., Ather Rizta). Bearish: Deven Choksey Research says āAvoidā due to overvaluation. Neutral: Capital Market, SMC Global suggest caution, advising a wait-and-watch approach for secondary market entry.
About Ather Energy
Founded in 2013, Ather is a premium electric two-wheeler maker (Ather 450, Rizta) with a vertically integrated model. It sold over 100,000 vehicles in FY24, ranking third in Indiaās E2W market. Strengths include the Ather Grid charging network and proprietary software, but profitability and competition remain challenges.
Should You Apply?
Pros: Strong retail interest, long-term EV growth potential, early mover in Indiaās EV space. Cons: Low institutional demand, high valuation, significant losses, and flat GMP. With one day left, subscription might pick up, but the current trend suggests a lukewarm debut. Long-term investors might find value, but short-term gains look uncertain. Sources: IPO Watch Chittorgarh Business Standard NDTV Profit Financial Express.
Source GROK.
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Such a worst response. Will tarun still give a smirk or wake up?
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I was also excited before but now donāt want to invest a dime in a company where OG are not cared for feedback nor innovation if Geiger an upper hand. Now itās all money minting only. Hope they get it soon
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Not trying to vindicate Ather but unlike being a ācustomerā of the company isnāt that what you exactly want as an āinvestorā.
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Well said cannot imagine investing 14k just for it to drop 140ā¹ in a month
If this was to happen when back in time whare they launched gen 3 with a bigger battery pack it would have made such a different not gonna lie
Idk why they lost that momentum hope they get it back
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The retail investors are actually ones who booked it 
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