Ather Energy IPO Allotment Finalized
Analysis based on 9 articles · First reported May 01, 2025 · Last updated May 03, 2025
The finalization of Ather Energy's IPO allotment and its expected flat listing on BSE and National Stock Exchange of India indicate a neutral to slightly negative sentiment for investors, as the grey market premium is zero. This event provides liquidity for Ather Energy, but the lack of premium suggests limited immediate gains for IPO subscribers.
Ather Energy, an Indian electric two-wheeler manufacturer, has finalized the allotment for its Initial Public Offering (IPO), which ran from April 28 to April 30, 2025. The IPO aimed to raise ₹2,981.06 crore through a combination of fresh issue and an offer-for-sale. The public issue was subscribed 1.43 times overall, with varying subscription rates across different investor categories. Shares of Ather Energy are expected to be listed on BSE and National Stock Exchange of India on May 6, 2025. Market observers note a zero grey market premium (GMP), suggesting a flat or potentially negative listing for the shares. Investors can check their allotment status via the websites of BSE, National Stock Exchange of India, or the IPO registrar, Link Intime India Private Limited. Axis Capital Holdings, HSBC — HSBC Securities and Capital Markets (India), JM Financial, and Nomura Holdings — Nomura Financial Advisory and Securities (India) were the book running lead managers.
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