Ather Energy’s IPO Marks a New Chapter in EV Investment
The recent Ather Energy IPO has garnered attention, but its subscription levels remained relatively low. Following the bid closure on April 30, investors are eager to learn about the IPO allotment status, which is anticipated to be announced shortly. This electric vehicle manufacturer opened its public offering on April 28 and closed on April 30, with the allotment date likely set for May 2.
Ather Energy IPO Allotment Timeline
Investors are keenly awaiting the Ather Energy IPO allotment, expected to be finalized soon. Here’s what to know about the allotment process:
- Shares credited: Successful applicants will see shares credited to their Demat accounts by May 5.
- Refunds issued: Unsuccessful bidders will receive their refunds on the same day.
How to Check Ather Energy IPO Allotment Status
Checking your Ather Energy IPO allotment status is straightforward. You can verify your status through the BSE and NSE websites or the official site of the IPO registrar, Link Intime India Private Ltd. Here’s how you can do it:
Check Ather Energy IPO Allotment on BSE
- Go to the BSE website.
- Select "Equity" as the Issue Type.
- Choose "Ather Energy Limited" from the dropdown menu.
- Enter either your Application No. or PAN.
- Confirm you’re not a robot and click "Search."
Your allotment status will appear on your screen.
Check Ather Energy IPO Allotment on Link Intime
- Visit the Link Intime IPO registrar site.
- Select "Ather Energy Limited" from the dropdown.
- Choose from PAN, App. No., DP ID, or Account No.
- Enter the required details based on your selection.
- Click "Search" to view your allotment status.
Ather Energy IPO Grey Market Premium
In the unlisted market, shares of Ather Energy are currently showing a grey market premium (GMP) of ₹0, indicating they are trading at the issue price. This aligns with the anticipated listing price of ₹321 per share, matching the IPO price.
Key Details of Ather Energy IPO
The Ather Energy IPO was open from April 28 to April 30, with a price band set between ₹304 and ₹321 per share. The offering raised a total of ₹2,981.06 crore, comprising:
- Fresh issue: 8.18 crore equity shares totaling ₹2,626.30 crore.
- Offer-for-sale (OFS): 1.11 crore shares amounting to ₹354.76 crore.
The IPO saw a total subscription of 1.43 times, receiving bids for 7,65,33,052 shares against 5,33,63,160 shares available. Notably:
- Retail investors subscribed 1.78 times.
- The non-institutional investors’ segment received 66% subscription.
- Qualified institutional buyers (QIBs) subscribed 1.70 times.
- The employee portion was oversubscribed at 5.43 times.
Leading investment firms, including Axis Capital and HSBC Securities, acted as the book-running lead managers for this IPO, while Link Intime India Private Ltd served as the registrar.
For the latest updates on the Ather Energy IPO, stay informed through trusted financial news sources.
