Highlights: Ather Energy IPO allotment status out – Check listing date, GMP, subscription and key details

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’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. The response from Non-Institutional Investors (NIIs) was comparatively muted with just 66% subscription.

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 raised Rs 1,340 crore from anchor investors in the days before the IPO opened to the public. Some of the key anchor investors who were allocated shares include Custody Bank of Japan, Franklin Templeton, Abu Dhabi Investment Authority, Eastspring Investments, Morgan Stanley Investment Management and Societe Generale.

The retail segment may have been subscribed 1.89 times, but overall demand trends have been rather subdued. In fact the GMP needle hardly moved in the last 3 days.

A careful analysis of the Ather Energy DRHP and expert views indicate the 5 key reasons for the flat GMP despite the EV buzz. This includes valuation concerns, Profitability challenges, negative cash flow, competition concerns and its strong dependence on government initiatives.

Read more: Ather Energy IPO: 5 reasons why investors are staying away

Ather Energy’s initial public offer got subscribed 1.43 times on the closing day of bidding on Wednesday backed by oversubscription in QIBs and retail investors categories.

The Rs 2,981-crore initial share sale received bids for 7,65,33,972 shares against 5,33,63,160 shares on offer, according to data available with the NSE.

Retail Individual Investors (RIIs) part fetched 1.78 times subscription while the category for Qualified Institutional Buyers (QIBs) got subscribed 1.70 times amid a volatile market condition. The portion for non-institutional investors received 66 per cent subscription.

Ather Energy Ltd on Friday said it has mobilised Rs 1,340 crore from anchor investors.

Apart from BSE and NSE, you can check the allotment status on the registrar’s website – Link Intime, the official registrar for Ather Energy’s IPO.

– Visit Link Intime’s IPO Allotment Page

– On the page, you will see a dropdown menu under the heading ‘Select Company’. Click it and choose ‘Ather Energy Limited’ from the list.

– Choose your preferred mode of search – PAN/ Application Number/ DP/Client ID (from your demat account)

– Now, enter your information depending on the mode you selected.

– Once you’ve entered the details, hit the ‘Search’ button.

Here is a simple, step-by-step guide to help you check your allotment status on the NSE website.

– Start by going to the official NSE IPO allotment page.

– Once on the homepage, hover over or navigate to the ‘Market Data’ section in the menu. From the dropdown, click on ‘Equity & SME IPO Bid Details’.

– On the IPO bid details page, select ‘ATHER’ from the list.

– Now enter your PAN (Permanent Account Number) and Application Number.

– Once all details are filled in, click on the ‘Submit’ button.

If you have applied for the Ather Energy IPO, the next big question on your mind is likely: “Did I get the allotment?” Here’s a step-by-step guide that walks you through the process on the BSE website.

– Head over to the official BSE IPO allotment status page.

– Once the page loads, go to the ‘Issue Type’ dropdown and choose ‘Equity’ from the list.

– Next, under ‘Issue Name’, select ‘Ather Energy Limited’ from the dropdown menu.

– Now, type in your PAN (Permanent Account Number) or your IPO Application Number

– Tick the ‘I’m not a robot’ captcha box.

– Finally, click ‘Search’ and your IPO allotment status will be displayed on the screen.

Ather Energy raised Rs 1,340.03 crore from anchor investors ahead of its IPO. The electric two-wheeler maker, known for its smart scooters and rising market share in India’s EV space, opened its anchor book on April 25.

If you have applied for the Ather Energy IPO, then all eyes are on the allotment date announcement and if you made it to the list. However, one reason why many brokerages and analysts have given Avoid to the IPO is because they feel they can buy the share at more reasonable valuations from the secondary market. One of the key reasons for this is the supply chain and the dependance and external companies for it. The tariff impact on many is not clear yet.

Ather Energy’s grey market premium (GMP) is currently at Rs 0, suggesting no expected listing gains in the unofficial market for now. But GMPs are known to change rapidly, and with market sentiment playing a big role, the real picture will only emerge on listing day.

With the bidding window now closed, all eyes are on the next process in Ather Energy’s IPO. The allotment of shares is likely to be finalised on Friday, May 2. If you’ve placed a bid, keep your PAN or application number handy. The big market debut is just around the corner too, with Ather expected to list on both the BSE and NSE on Tuesday, May 6.

Read more: 40% two-wheelers could be electric by 2031: Ather Energy

The Ather Energy IPO is being guided by some of the biggest names in finance. Axis Capital, HSBC Securities, JM Financial, and Nomura are serving as the lead managers. Meanwhile, Link Intime India has been appointed as the official registrar, handling the task of allotment and investor records.

Ather Energy’s Rs 2,981 crore IPO saw a decent response. Overall, the public issue was subscribed 1.43 times. Retail investors led the way, bidding 1.78 times the shares reserved for them. Institutional players were also not far behind. The Qualified Institutional Buyers (QIBs) subscribed 1.70 times their portion. However, Non-Institutional Investors (NIIs) showed less enthusiasm, with their quota getting just 66% of the expected bids.

Read more: Ather Energy IPO allotment likely soon: Know date, step-by-step guide to check status online

Ather Energy’s IPO, valued at Rs 2,981 crore, is a blend of fresh equity and an offer-for-sale. The fresh issue involves 8.18 crore new shares, helping the company raise Rs 2,626.3 crore to fund its expansion plans. Alongside, existing shareholders are offloading 1.11 crore shares through the offer-for-sale route, amounting to Rs 354.76 crore.

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