Ather vs Ola Electric: One Surges 132% While the Other Drops 30% Since IPO

Ather Energy and Ola Electric, two key players in India’s EV domain, have followed very different paths post-IPO. While Ather has delivered multibagger returns, Ola has seen a decline, with the market reacting differently to each company's execution and strategy.

Ather Energy Delivers 132% Return, Ola Falls 30%

Ather Energy debuted on May 6, 2025, with an IPO priced at ₹321, targeting a market cap of around ₹12,300 crore. As of October 24, 2025, its market capitalisation stands at ₹26,613.19 crore, marking an approximate 132% surge in the stock price. This rally has been driven by consistent product quality, well-established brand equity, and strong investor trust in its long-term viability.

In contrast, Ola Electric, which went public in August 2024 at an issue price of ₹76, aimed for a market cap of ₹33,522 crore. Its current valuation, as of October 24, 2025, is nearly ₹23,333.29 crore, down 30% from the listing day. A post-IPO spike saw the stock touch ₹150, but mounting quality issues and poor investor sentiment pushed it below ₹40, before a partial recovery to the ₹45-₹65 range.

Differences in Strategy and Execution

Ather Energy's growth is closely tied to its disciplined approach. By ensuring product reliability, customer satisfaction, and operational efficiency, it managed to strengthen investor appeal and outperform its peers. Factory visits and direct engagement with stakeholders have supported a positive narrative around its progress.

Ola Electric, initially fuelled by a high-profile launch and pre-launch buzz, struggled with execution. Product inconsistencies and service challenges led to a decline in market confidence. Despite possessing significant manufacturing capabilities and long-term vision, perception challenges have weighed down the stock.

Read More:Ola Electric Share Price in Focus; Board to Consider Fundraising Proposal!

Ather Energy Share Price Performance

On October 24, 2025, Ather Energy share price opened at ₹738.85 on NSE, above the previous close of ₹733.40. During the day, it surged to ₹747.45 and dipped to ₹693.30. The stock is trading at ₹705.45 as of 2:29 PM. The stock registered a significant decline of 3.81%.

Over the past week, it has moved up by 1.75%, over the past month, it has moved up by 21.24%, and over the past 3 months, it has moved up by 113.38%.

Ola Electric Mobility Share Price Performance

On October 24, 2025, Ola Electric Mobility share price opened at ₹53.60 on NSE, below the previous close of ₹53.69. During the day, it surged to ₹53.96 and dipped to ₹52.50. The stock is trading at ₹52.97 as of 2:29 PM. The stock registered a moderate decline of 1.34%.

Over the past week, it has declined by 7.20%, over the past month, it has declined by 6.89%, and over the past 3 months, it has moved up by 24.34%.

Conclusion

Ather Energy’s post-IPO success reflects the market's preference for execution and product quality over early buzz. Meanwhile, Ola Electric’s journey serves as a reminder that long-term investor value depends on consistently meeting expectations, not just setting them.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

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