Ather Energy IPO allotment expected today. Check GMP, listing date and other details

Synopsis

Ather Energy's IPO allotment is expected to be finalized today, following a subscription rate of just over 1.4 times. Investors can check their allotment status via the BSE website or Link Intime. The grey market premium indicates a flat listing, and shares are slated to list on May 7. The IPO aims to raise funds for expansion and R&D.

The allotment for the highly watched Ather Energy IPO is expected to be finalized later today. The electric two-wheeler maker received a decent response from investors, with the public issue subscribed just over 1.4 times at close. Investors who applied for shares in the IPO can check their Ather Energy IPO allotment status through the BSE website or via the registrar’s portal, Link Intime.

How to check Ather Energy IPO allotment status on BSE

Step 1: Visit the BSE allotment check page: https://www.bseindia.com/investors/appli_check.aspx

Step 2: Select 'Ather Energy' from the dropdown menu under ‘Issue Name’

Step 3: Enter your PAN or application number and click ‘Search’

How to check Ather Energy IPO allotment status via Link Intime

Step 1: Visit Link Intime’s allotment page: https://www.linkintime.co.in/MIPO/Ipoallotment.html

Step 2: Select 'Ather Energy IPO' from the dropdown

Step 3: Enter your PAN or application number, then click on ‘Search’ to view your allotment status

Ather Energy IPO GMP today

As of allotment day, the grey market premium (GMP) for Ather Energy IPO has cooled off to around Rs 1, indicating a flat listing gains over the upper issue price band of Rs 321. Analysts say the recent market volatility and moderate subscription levels have weighed on near-term sentiment.

Listing Date

The shares of Ather Energy are expected to be listed on the BSE and NSE on Friday, May 7.

Ather Energy IPO Overview

Ather Energy’s Rs 2,981 crore IPO comprised a fresh issue of Rs 2,626 crore and an offer-for-sale (OFS) of Rs 355 crore by existing shareholders. The company plans to use the proceeds for capacity expansion, R&D, and working capital.

Founded in 2013, Ather Energy is among the leading players in India’s electric two-wheeler space. The company designs, manufactures, and sells electric scooters and currently operates 200+ experience centers across the country. It recently launched a new family scooter model, Ather Rizta, ahead of the peak summer buying season.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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