• Source:JND
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Ather Energy IPO GMP: Ather Energy's public offering ended more quietly than spectacularly, even though it was one of the most anticipated initial public offerings (IPOS) in India's electric vehicle (EV) market. Even for high-end EV brands, the road to public markets may be more difficult than anticipated, as evidenced by the IPO's lack of investor enthusiasm despite the company's successful full subscription. Following the muted subscription, the grey market premium (GMP) for Ather Energy shares is flat at Rs 0, suggesting that there will be no gain at the time of listing.

The Grey Market Isn't Buzzing

Since the Ather Energy IPO's GMP is currently at Rs 0, it is anticipated that the stock will list precisely at its issue price of Rs 321 per share, neither at a premium nor a discount. Investors are cautiously monitoring the stock's performance after listing, as evidenced by the muted GMP, which also suggests low secondary market interest.

Ather Energy IPO Subscription Status

Overall, the IPO received 1.43 subscriptions, which is a low number given the excitement surrounding electric vehicles. 

- Retail Investors: 1.78 subscriptions indicate a respectable level of interest from private investors.

- Moderate institutional participation is indicated by the 1.70 bookings made by Qualified Institutional Buyers (QIBS).

- Only 66% of non-institutional investors (NIIS) subscribed, indicating that high-net-worth individuals were not very interested.

- The only positive aspect is the Employee Quota, which has 5.43 subscriptions.

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Ather Energy IPO Details

Price Range: Rs 304– Rs 321 per share

Issue Size in Total: Rs 2,981.06 crore

IPO Subscription Status: April 28–30

Dates of Allocation and Listing

The Ather Energy IPO allotment status is probably going to be finalised on Friday, May 2, due to the Maharashtra Day market holiday on May 1. On May 5, shares will be credited to Demat accounts, and on May 6, they should list on the BSE and NSE.

How to Determine the Status of Ather Energy's IPO Allotment

Checking Allotment Status Using the BSE Website

- Go to the BSE IPO Allotment Page.

- Choose "Equity," followed by "Ather Energy Limited."

- Type in your application number, or PAN.

- Click "Search" after completing the captcha.

On Registrar's Portal Link Intime

- Visit Link Intime IPO Allotment

- Select "Ather Energy Limited."

- Type in your account number, PAN, application number, or DP/client ID.

- To view the allocation status, click "Search."

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