What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Ather Energy Limited IPO?

Based on the upper price band of ₹321 and current GMP of ₹12, the estimated listing price is ₹333 (approx. 3.7% gain).

What is the expected profit per lot for Ather Energy Limited IPO?

With a lot size of 46 shares and current GMP of ₹12, expected profit per retail application lot is approximately ₹552.

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Grey Market Intelligence

Ather Energy Limited

ListedMainboard

Consumer Discretionary / Automotive · NSE / BSE

Ather Energy Limited, incorporated in 2013, is an electric two-wheeler manufacturer in India that designs and builds electric scooters, battery packs, fast-charging infrastructure, and software systems in-house. Known for its premium, software-led products, Ather offers connected features through its Atherstack platform and supports users with the Ather Grid fast-charging network. The company sold around 1.09 lakh electric scooters in FY24 and manufactures at its Hosur plant in Tamil Nadu, which has an annual capacity of 4.2 lakh EVs. With a large retail and service presence in India, Nepal, and Sri Lanka, Ather continues to grow its brand and technology, supported by a strong IP portfolio.

Price Band

₹304 – ₹321

Issue Size

₹2981 Cr

Lot Size

46 shares

GMP

₹12

+3.7%

Est. Listing

₹333

at current GMP

Subscribed

1.50x

overall

Open

28 Apr 2025

30 Apr 2025

Allotment

2 May 2025

Refund

3 May 2025

Demat Credit

4 May 2025

Listing

6 May 2025

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Ather Energy Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹12+3.7%

Issue Price (Upper)

₹321

Band: ₹304 – ₹321

Estimated Listing Price

₹333

Upper price + GMP

Lot Size

46 shares

Min investment ₹14,766

Estimated Profit / Lot

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹12	3.7%	₹333
30 Oct 2026	+₹12	3.7%	₹333
29 Oct 2026	+₹11	3.4%	₹332

About Ather Energy Limited Public Issue & Market Profile

Ather Energy Limited is bringing an initial public offering (IPO) in the Consumer Discretionary / Automotive sector with an aggregate issue size of ₹2,980.76 Crores. The shares are offered at a price band of ₹304 to ₹321 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 46 shares (approx. ₹14,766 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Basis of Allotment & Listing Timeline:

Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-05-04, while un-allotted funds or UPI block mandates will be released on 2025-05-03.

Frequently Asked Questions

What is Ather Energy Limited IPO GMP today?

The latest grey market premium for Ather Energy Limited IPO is ₹12, which indicates an expected listing price of ₹333.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.