• Source:JND
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Ather Energy IPO Allotment Status: After the subscription period concluded on April 30, the allotment status for the Ather Energy IPO is expected to be finalised today, i.e. May 2. The electric two-wheeler maker’s R 2,981 crore IPO received a decent response from investors, with the issue being subscribed 1.43 times overall. According to NSE's data, out of the 5.33 crore shares available, the company received bids for 7.65 crore shares. Qualified Institutional Buyers (QIBS) bid 1.70 times their allocated quota, while the retail investor segment was subscribed 1.78 times. With a 66% subscription rate, the non-institutional investor (NII) category trailed behind.

As the bidding process is over, Investors who applied for the IPO can check their allotment status on the registrar's portal or the websites of NSE and BSE

How to Check Ather Energy IPO Allotment Status on Registrar's Link Intime Portal

- You need to visit the IPO allotment page on Link Intime

- Next, select ‘Ather Energy’ from the dropdown menu under 'Issue Name'.

- Choose the option ‘PAN’ to further proceed with the process and enter the PAN number.

- In the Last steps, click on ‘Submit’ to view your allotment status.

Steps to check Ather Energy IPO Allotment Status on the BSE Website

- You need to visit BSE's IPO allotment check page: https://www.bseindia.com/investors/appli_check.aspx

- In the next step, select ‘Equity’ as the issue type.

- Choose ‘Ather Energy’ from the issue name dropdown menu.

- Next, you have to enter your application number or PAN.

- Click on ‘Search’ and the shares allotment status will be on screen.

Ather Energy IPO Grey Market Premium (Ather Energy IPO GMP)

Ather Energy's Grey Market Premium (GMP) was Rs 0 as of Wednesday, suggesting a flat listing. Market watchers, however, predict that the shares might launch at the upper price range of Rs 321 to reflect consistent investor interest.

All eyes are on the allocation process, which could be finished later today, now that the subscription period is over and the retail and QIB segments have responded favorably to the IPO.

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