Electric vehicle maker, Ather Energy Ltd’s initial public offering (IPO) concluded on April 30, after a 3-day bidding period, which commenced on April 28. The company has completed the allotment of the shares and the status is out now. Moreover, the company will credit shares to demat accounts of the eligible investors today, May 5.
This issue was the mix of fresh shares and offer for sale (OFS) component. The IPO was subscribed 1.43 times on the final day, with non-institutional investors (NIIs) subscribing 0.66% of the allocated quota. Meanwhile, qualified institutional buyers (QIBs) booked 1.70 times against their allocated quota and retail portion was subscribed 1.78 times.
Notably, this IPO of Rs 2,981.06 crore comprises fresh shares of worth Rs 2,626.30 crore and OFS worth Rs 354.76 crore.
Ather Energy had appointed Link Intime India as the registrar for the issue. Furthermore, Axis Capital, HSBC Securities & Capital Markets, JM Financial, and Nomura Financial Advisory and Securities (India) were the book-running lead managers for the issue.
Listing Date And Latest GMP
Ather Energy Ltd’s IPO is set to list on the Indian bourses on May 6, 2025. According to media reports, the Grey Market Premium (GMP) for the company’s IPO stands at Rs 0, which means the unlisted shares of the company were trading at Rs 321 per share in the grey market.
The price band for the IPO has been kept Rs 304–321 apiece, with the lot size of 46 shares. Additionally, any retail investor willing to subscribe require a minimum of Rs 14,766 to bid for one lot. Moreover, the company has kept the maximum limit of Rs 1,91,958 to bid for the maximum of 13 lots for retail investors.
Ather Energy IPO: How To Check Share Allotment Status
On BSE’s Website
- Go on the official website of BSE.
- Choose ‘equity’ in the Issue Type.
- In the Issue Name dropdown list, select ‘Ather Energy Limited’.
- Provide application number or PAN.
- Click on ‘Search’ option.
On Registrar’s Website
- Go on the website of IPO registrar, Link Intime.
- In the Select Company dropdown menu, choose ‘Ather Energy Limited’.
- Provide PAN, application number, DP ID or account number.
- Provide the required details.
- Tab on the ‘Search’ option.
ALSO READ: WAVES 2025: AI Adoption May Boost Revenue By 10% And Cut Costs By 15% In The Media Industry, Says EY
