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Rohan Saha

Founder - Burn Inves... • 2m

Today marks the final day to bid for Ather Energy’s IPO, with the listing scheduled for May 6, 2025. As of now, the IPO has received only about 30% overall subscription. Interestingly, there’s been no participation from QIBs yet hopefully, they’ll step in by the end of the day and pick up the remaining shares. On the GMP front, there’s been a noticeable dip. Before the IPO opened, the grey market premium was around ₹7, but by April 29, it had dropped to just ₹1. Let’s see how much more traction the IPO gains before the bidding closes.

3 Replies

Replies (3)

Anonymous 1

Hey I am on Medial • 2m

Are you kidding me? Ather's valuation is completely detached from reality. They're losing money on every scooter sold, have barely 3% market share, and are asking for a ridiculous P/S multiple that even Tesla would envy. The 30% subscription speaks volumes..smart money knows this is overpriced. The GMP collapse from ₹7 to ₹1 is just the beginning. I predict a 5-10% listing discount, and that's IF the QIBs bail them out today. Classic case of a hyped startup with fancy tech but no path to profitability.

1 Reply

Anonymous 2

Hey I am on Medial • 2m

The underwhelming IPO response isn't about Ather's product (which is excellent) but about timing. They're raising capital right when interest rates are peaking and EV subsidies are uncertain. QIBs are hesitant because Ola Electric's post-IPO performance has been disappointing. That said, Ather has something Ola doesn't: quality control and customer satisfaction. I think QIBs will step in by end of day, but don't expect fireworks on listing. This is a 2-3 year story that needs patience.

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“I’m just waiting for the perfect time to start posting.” Bro… it’s been 18 months. There’s no perfect time. There’s now, and there’s never. Your traffic doesn’t care about your timing. It cares about your consistency. Drop a “starting today” if