The wait has begun. After the three-day bidding window for Ather Energy IPO, investors are now eagerly eyeing the next big step – share allotment. If you have placed your bid for the Bengaluru-based electric two-wheeler maker’s public issue, here is everything you need to know from allotment timelines to how to check your status online.
Ather Energy IPO allotment date
The IPO bidding ended on April 30, and as per market sources, the allotment of shares is likely to be finalised on Friday, May 2. The process could be completed anytime during the day, so keep your PAN or application number ready.
Ather Energy IPO: Anchor investors backing
Before the IPO opened to the public, Ather raised Rs 1,340 crore from anchor investors.
How to check Ather Energy IPO allotment status
Once the allotment is finalised, you can check your status through multiple platforms. Here is how-
Option 1: On the BSE Website
- Visit BSE website.
- Choose ‘Equity’ under Issue Type
- Select ‘Ather Energy Limited’ in the dropdown
- Enter your Application Number or PAN
- Confirm you’re not a robot and click ‘Search’
Option 2: On the NSE Website
- Go to NSE website
- Navigate to ‘Equity & SME IPO bid details’
- Select the symbol ‘ATHER’
- Enter your PAN and Application Number
- Click ‘Submit’ to see the status
Option 3: On the Link Intime Registrar Website
- Visit the registrar website ‘Link Intime’
- Select ‘Ather Energy Limited’
- Choose your mode (PAN, App. No., DP/Client ID)
- Enter the required details
- Hit ‘Search’ to view your allotment status
Ather Energy IPO subscription status: How well it do?
Ather’s Rs 2,981 crore IPO received a steady response from investors. The issue was subscribed 1.43 times overall, with the highest interest coming from retail investors, who subscribed 1.78 times their allotted quota. Qualified Institutional Buyers (QIBs) also showed strong participation, subscribing 1.70 times. However, the response from Non-Institutional Investors (NIIs) was comparatively muted, with just 66% subscription.
Ather Energy IPO: Grey Market Premium (GMP) today
Interestingly, the GMP for Ather Energy is currently Rs 0, meaning there is no immediate listing gain indicated in the unofficial market. However, GMPs often fluctuate, and the real story will unfold on listing day.
Ather Energy IPO details
The Ather Energy IPO is sized at Rs 2,981 crore, comprising a fresh issue of Rs 2,626 crore and an offer-for-sale (OFS) of 1.1 crore equity shares by existing shareholders. The price band for the issue is set between Rs 304 and Rs 321 per share, which pegs the company’s valuation at approximately Rs 11,956 crore. The proceeds from the IPO will be used to set up a new manufacturing facility in Maharashtra, repay outstanding borrowings, and invest in research and development, marketing, and other general corporate purposes.