Ather Energy IPO Day 2: Check GMP, Subscription Status & Key Highlights
The bidding window for Ather Energy's IPO opened on April 28, 2025, and will close on April 30, 2025. The allotment process is expected to be finalized on May 2, 2025, with the company's shares set to be listed on both the BSE and NSE tentatively on Tuesday, May 6, 2025.
Ather Energy IPO Details
Ather Energy Ltd. is launched its IPO on April 28, 2025. It is a book-built issue consisting of 8.18 crore equity shares worth ₹2,626 crore and an offer for sale (OFS) of 1.11 crore shares worth ₹354.76 crore. Investors can apply with a minimum lot size of 46, requiring a minimum investment of ₹13,984. The issue price band is set at ₹304–₹321 per share.
Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited, and Nomura Financial Advisory and Securities (India) Private Limited are appointed as the book-running lead managers of the IPO. MUFG Intime India Private Limited (Formerly Link Intime India Private Limited) will be the registrar.
Ather Energy IPO Day 2 Subscription Status
(April 29, 2025, 11:49 AM)
On Day 2, Ather Energy IPO saw a subscription rate of 0.23 as of 11:44 a.m. on Tuesday, April 29, 2025, as per the NSE data. The retail investor category led with a subscription of 0.96 times, while Qualified Institutional Buyers (QIB) subscribed 0 times, and Non-Institutional Investors (NII) saw a subscription of 0.19 times.
Ather Energy IPO Day 1 Subscription Status
(April 28, 2025, 5:00 PM)
On Day 1, Ather Energy IPO saw a subscription rate of 0.15 times as of 5:00 p.m. on Monday, April 28, 2025, as per the NSE data. The retail investor category led with a subscription of 0.60 times, while Qualified Institutional Buyers (QIB) subscribed 0 times, and Non-Institutional Investors (NII) saw a subscription of 0.15 times.
Read More : Ather Energy IPO Day 1 Subscription Status
Utilization of IPO Proceeds
The company will utilise the net proceeds from the issue towards the following objects:
- Capital expenditure to be incurred by the Company for the establishment of an E2W factory in Maharashtra, India.
- Repayment in full or in part, of certain borrowings availed by the Company.
- Investment in research and development.
- Expenditure towards marketing initiatives.
- General Corporate Purposes.
Ather Energy GMP Details
According to Business Standard, the Grey Market Premium (GMP) of Ather Energy stood at ₹1 as of April 29, 2025, 09:58 a.m. This indicates that the shares of the company are likely to be listed at ₹322, with expected gain/loss of 0.31%.
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Source: Business Standard Media Report dated 29 April, 2025 Disclaimer: The GMP (Grey Market Premium) price is an unauthenticated market related news and has no discernible basis. The same quoted above is as per news appeared in the media report and is for information purposes only. The investor shall do their own study/research before using the same for taking any decision to invest. We neither engage in, trade, or deal in the grey market nor we recommend or endorse trading in the grey market. |
Ather Energy Ltd Business Overview
Founded in 2013 by Tarun Mehta and Swapnil Jain, Ather Energy is a leading name in India’s electric two-wheeler (E2W) segment. The company designs and develops premium electric scooters, battery packs, connected software, charging infrastructure, and accessories. Apart from in-house battery packs, portable chargers, and motors, the company designs and develops other key E2W components, such as motor controllers, transmissions, vehicle control units, dashboards, DC-DC converters, harnesses, and chassis.
In FY24, Ather sold over 1.09 lakh E2Ws and became the third-largest electric scooter brand by volume, as stated in the CRISIL Report.
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Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory. To read the RA disclaimer, please click here |
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