Investors are on high alert as the anticipation builds for the share allotment of Ather Energy‘s Initial Public Offering (IPO). After the bidding phase closed on April 30, stakeholders are eager to learn about the next steps. If you participated in this Bengaluru-based electric two-wheeler manufacturer’s public offering, here’s your comprehensive guide on allotment timelines and methods to check your status online.
Key Allotment Date for Ather Energy IPO
The countdown is on, with share allotments expected to be finalized on May 2. Investors should prepare to verify their allotment status throughout the day. Keep your PAN or application number handy for a smooth check.
Strong Support from Anchor Investors
Before the IPO was opened to the general public, Ather Energy successfully secured Rs 1,340 crore from anchor investors, showcasing strong confidence in their business model.
How to Verify Your Ather Energy IPO Allotment Status
Once the allotment process is completed, you can easily check your status using several platforms. Here’s how to do it:
Method 1: BSE Website
- Visit the BSE website.
- Select ‘Equity’ under Issue Type.
- Choose ‘Ather Energy Limited’ from the dropdown menu.
- Enter your Application Number or PAN.
- Confirm you’re not a robot and click ‘Search’.
Method 2: NSE Website
- Navigate to the NSE website.
- Click on ‘Equity & SME IPO bid details’.
- Select the symbol ‘ATHER’.
- Enter both your PAN and Application Number.
- Hit ‘Submit’ to view your allotment status.
Method 3: Link Intime Registrar Website
- Go to the Link Intime registrar website.
- Choose ‘Ather Energy Limited’.
- Select your preferred mode (PAN, Application Number, DP/Client ID).
- Fill in the required information.
- Click ‘Search’ to check your allotment status.
Subscription Performance of Ather Energy IPO
The Ather Energy IPO, valued at Rs 2,981 crore, garnered considerable interest from investors. The offering was subscribed 1.43 times overall, with retail investors showcasing the highest engagement by subscribing 1.78 times their allocation. Qualified Institutional Buyers (QIBs) also demonstrated robust participation, subscribing 1.70 times. However, Non-Institutional Investors (NIIs) showed a more subdued response, reaching only 66% of their subscription target.
Current Grey Market Premium (GMP) Insights
As of now, the Grey Market Premium (GMP) for Ather Energy stands at Rs 0, suggesting no immediate gains anticipated in the unofficial market. It’s crucial to note that GMPs can fluctuate rapidly, and the true performance will be revealed on the listing day.
Overview of Ather Energy IPO Details
The Ather Energy IPO consists of a fresh issue amounting to Rs 2,626 crore and an Offer-for-Sale (OFS) of 1.1 crore equity shares from current shareholders. The price range is set between Rs 304 and Rs 321 per share, valuing the company at approximately Rs 11,956 crore. The funds raised will be directed toward establishing a new manufacturing facility in Maharashtra, paying down existing debts, and investing in research, development, marketing, and general corporate purposes.
For those who placed bids, stay tuned as the allotment date approaches, and ensure you check your status promptly!
