India’s electric vehicle company Ather Energy, based in Karnataka, saw its stock price fall over 2% on June 2, 2025, as the one-month IPO lock-in period for anchor investors expired. The company had raised ₹1,340 crore through anchor allotment ahead of its listing on May 6. With 2.1 crore shares becoming tradable, investor pressure may have led to the dip, even as the stock remains below its IPO and listing price.
Ather Energy, an electric two-wheeler company based in Karnataka, India, witnessed its share price decline over 2% on June 2 as the one-month lock-in period for anchor investors expired. The company’s stock fell to ₹306.00 apiece during intraday trade on the BSE, marking a 2.18% drop from the previous close.
The company, which is backed by Hero MotoCorp, listed its shares on the BSE and NSE on May 6, 2025, following its initial public offering (IPO). According to SEBI regulations, 50% of the equity shares allocated to anchor investors are locked for 30 days from allotment, and the remaining 50% are locked for 90 days.
Ather Energy had raised ₹1,340 crore from anchor investors before the IPO by issuing 4.17 crore equity shares at ₹321 each, the upper limit of the price band. With the expiration of the 30-day lock-in period, around 2.1 crore shares — roughly 6% of the total outstanding equity — have become available for trading on the stock exchanges.
This additional supply is likely contributing to downward pressure on the stock price. Ather Energy shares had debuted at ₹328 on the NSE and ₹326.05 on the BSE, a modest 2.18% and 1.57% premium over the IPO price. However, the stock has since declined, now trading nearly 5% below its issue price and over 6% lower than its listing price.
On May 21, 2025, Ather shares reached a record high of ₹342.95 apiece, while the lowest point was ₹287.30 apiece on May 7. As of 10:35 AM on June 2, the stock was trading flat at ₹314.00 on the BSE.
Another batch of 2.1 crore shares will become available after the 90-day lock-in expires on July 31, potentially affecting future stock movements.
Ather Energy specializes in high-performance electric scooters and operates across several Indian cities. The company aims to expand its product line and infrastructure to support the growing EV market in India.
