1 day Ago By Moneycontrol
Ather Energy IPO continues to garner robust subscription on Wednesday as the Rs 2,981 crore issue concludes today. Earlier, it mobilised Rs 1,340 crore from anchor investors. The initial public offer by the electric two-wheeler maker Ather Energy received bids for 1.
77 crore shares against 5.33 crore shares on offer, according to data available with the NSE with a total subscription of 33 percent until 11:30. Retail Individual Investors (RIIs) part got fully subscribed by 1.
27 times while the quota for non-institutional investors received 31 percent subscription. Ather Energy IPO GMP According to the platforms following the grey market premium activities, the shares of the company are commanding a flat GMP in the unlisted market. Investorgain quoted a GMP of Re 1 over the IPO price of the issue, translating to 0.
31 percent potential listing gain. The issue, with a price band of Rs 304-321 apiece, is the first mainboard public issue of the current financial year 2025-26. Check All IPO News The IPO is a combination of a fresh issue of equity shares worth Rs 2,626 crore and an offer-for-sale of 1.
1 crore equity shares by promoters and other shareholders. At the upper end of the price band, the IPO size is pegged at Rs 2,981 crore, placing the company's overall valuation at Rs 11,956 crore. This is the second electric two-wheeler company to go public after Ola Electric Mobility floated its Rs 6,145-crore IPO in August last year.
The equity shares of the company are proposed to be listed on both BSE and the National Stock Exchange (NSE) on Tuesday, 6th May. Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.
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