• Source:JND
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Ather Energy IPO Listing: After making a timid debut, the shares of Ather Energy plunged over 3% during the intraday trade on Tuesday following selling pressure.  At the time of writing, the electric two-wheeler manufacture's share were trading at Rs 310.10, down 3.40% on NSE.  Ather Energy's shares made debut at Rs 328 per share, which was 2.18% higher than the issue price of Rs 321 per unit. Ather Energy Ltd.'s shares were listed on the BSE at Rs 326.05 each, 1.57% above the issue price of Rs 321. 

The listing has been on the line of expectations as the shares were trading with a minimal premium in the grey market. 

Ather Energy IPO Subscription

Investors' reactions to Ather Energy's initial public offering (IPO), which was available for subscription from April 28 to April 30, were not entirely positive. By the end of the third day, the total subscription was 1.43 times, according to data from the Bombay Stock Exchange (BSE). Retail investors had the highest response rate among the investor categories (1.78 times), closely followed by qualified institutional buyers (QIBS) (1.70 times). Employee participation was particularly high, with a subscription rate of 5.43 times, and non-institutional investors (NIIS) accounted for 66% of the total subscriptions.

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The IPO included an offer-for-sale (OFS) of 1.1 crore shares by current promoters and investors, as well as a new issue of equity shares valued at Rs 2,626 crore. With a face value of Re 1, the price range was set between Rs 304 and Rs 321 per share. Ten per cent was set aside for retail investors, fifteen per cent for NIIS, and seventy-five per cent for QIBS. Additionally, employees were given a discount of Rs 30 per share on up to 1,00,000 shares.

Ather Energy GMP Today

The grey market premium (GMP) indicates a flat listing even though institutional and retail investors have made a respectable subscription. The GMP was Rs 14 as of May 6, suggesting a low 3% listing premium. A cautious market sentiment ahead of the IPO's debut is reflected in the premium's downward trend over the last 14 sessions, which has seen it drop from a high of Rs 17 to as low as zero.

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