Ather Energy IPO allotment: The basis of allotment of electric two-wheeler maker Ather Energy’s shares is expected to be finalised on Friday, May 2. The initial public offering was fully subscribed on the final day of bidding.
As per the consolidated data on the NSE website, the IPO received bids for 7,65,44,046 shares as against 5,33,63,160 shares on offer, translating to a 1.43 times subscription.
Retail individual investors (RIIs) led the demand, applying for 1,73,13,710 shares compared to 97,34,319 shares reserved, leading to a 1.78 times subscription.
Qualified institutional buyers (QIBs) quota was booked 1.70 times as they submitted applications for 4,90,60,472 equity shares against 2,89,27,363 shares on offer.
Non-institutional investors (NIIs) bid for 96,27,202 shares compared to 1,46,01,478 shares set aside for them. Their category was subscribed 66%.
Ather Energy IPO allotment status will be finalised on Friday. The bid finalisation details will be available on the websites of the National Stock Exchange (NSE), the BSE, and the registrar, MUFG Intime India Pvt Ltd (earlier Link Intime India).
Steps to check Ather Energy IPO allotment status on MUFG Intime India
How to check Ather Energy IPO allotment status on BSE
- Head to BSE’s allotment status check portal: https://bseindia.com/investors/appli_check.aspx.
- Select the issue type as ‘Equity’
- Choose ‘Ather Energy Limited’ from the ‘Issue Name’ list
- Fill in your PAN Card details or application no
- Enter ‘search’
Step-by-step guide to check Ather Energy IPO allotment status on NSE
Ather Energy IPO listing date and time
Shares of Ather Energy will debut on the BSE and the NSE on Tuesday, May 6, at 10 am.
The ₹2,981.06 crore Ather Energy IPO, with a price range of ₹304 to ₹321 per share, is a fresh issue of shares valued at ₹2,626 crore and an offer-for-sale of 1.1 crore shares.
The funds raised are proposed to be utilised towards capital expenditure needs to set up an electric two-wheeler factory, clear debt, marketing initiatives, research and development (R&D), and general corporate purposes.
Founded in 2013, Ather Energy manufactures electric two-wheelers (E2Ws), battery packs, and software.
