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Unlisted shares of Ather Energy are trading at Rs 321 apiece, which is a zero premium (GMP) over the IPO price of Rs 321, indicating flat or negative listing gains for investors.
The Ather Energy IPO, which was open between April 28 and April 30, received an overall subscription of 1.50 times garnering bids for 7,67,49,068 shares as against the 5,11,22,370 shares on offer.
Ather Energy IPO Allotment: The Ather Energy IPO allotment is expected to be finalised on in the evening today, May 2. Once allotted, investors will start receiving bank debit messages. They can also check the IPO allotment status on the BSE or NSE websites as well as registrar Link Intime India Pvt Ltd’s portal.
The initial public offering, which was open between April 28 and April 30, received an overall subscription of 1.50 times garnering bids for 7,67,49,068 shares as against the 5,11,22,370 shares on offer. The retail category has been fully subscribed with 1.89 times subscription, while the NII has got a 0.69 times subscription. The QIB category has received a 1.76 times subscription.
The price of the Rs 2,981-crore IPO was fixed in the range of Rs 304 to Rs 321 apiece.
Ather Energy IPO: How To Check Allotment Status?
The IPO allotment is expected to take place on Friday, May 2, in the evening. Once allotted, investors can check the allotment status by following these steps:
1) Go to the official BSE website via the URL — https://www.bseindia.com/investors/appli_check.aspx.
2) Select ‘Equity’ under ‘Issue Type’.
3) Under ‘Issue Name’, select ‘Ather Energy Limited’ in the dropdown menu.
4) Enter your application number, or the Permanent Account Number (PAN).
5) Then, click on the ‘Search’ button, after clocking on ‘I’m not a robot’ button.
Your share application status will appear on your screen.
You can also visit directly on the registrar Link Intime India Pvt Ltd’s portal — and check the Ather Energy IPO allotment status.
Ather Energy IPO GMP Today
According to market observers, unlisted shares of Ather Energy Ltd are currently trading at Rs 321 apiece, which is a zero per cent premium (GMP) over the IPO price of Rs 321, indicating flat or negative listing gains for investors. Its listing is scheduled to take place on May 6 on both BSE and NSE.
The GMP is based on market sentiments and keeps changing. ‘Grey market premium’ indicates investors’ readiness to pay more than the issue price.
About Ather Energy
Ather Energy Limited, incorporated in 2013, is an Indian electric two-wheeler (E2W) company engaged in the design, development, and in-house assembly of electric scooters, battery packs, charging infrastructure, and supporting software systems. The company operates as a vertically integrated EV manufacturer with a focus on product and technology development.
Ather Energy’s Financials
As of December 31, 2024, the company’s assets stood at Rs 2,172 crore, up from Rs 818.6 crore in March 2022. Revenue increased from Rs 413.8 crore in FY22 to Rs 1,617.4 crore in the nine months ended December 2024, indicating strong sales momentum. However, the company continues to report losses, with a net loss of Rs 577.9 crore for the nine-month period ending December 2024, compared to a loss of Rs 1,059.7 crore in FY24 and Rs 864.5 crore in FY23.
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