Ather Energy IPO listed at Rs 328 on the NSE, a 2.18% premium over the issue price of Rs 321, and at Rs 326.05 on the BSE, up 1.57%, valuing the company at Rs 12,144.05 crore.
The Ather Energy IPO was subscribed 1.50 times overall, with strong interest from retail investors (1.89x) and qualified institutions (1.76x). Anchor investors fully subscribed to their 4.17 crore shares, contributing ₹1,340 crore. Retail bids totaled 1.75 crore shares against 92.77 lakh on offer, while non-institutional investors subscribed 0.69 times. Employee quota saw a robust 5.43x subscription, with total bids worth ₹2,463.64 crore for 7.67 crore shares.
The last GMP for Ather Energy IPO was ₹14, indicating an expected gain of 4.36%. However, the shares listed at ₹328 on NSE, offering a lower actual listing gain of 2.18% over the issue price.
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Details About Ather Energy IPO
Ather Energy, one of India’s leading electric scooter makers, launched its IPO with a price band of ₹304 to ₹321 per share, aiming to raise ₹2,980 crore. This includes a fresh issue of ₹2,626 crore and an Offer for Sale of 1.10 crore shares. The IPO had a share reservation of 75% for QIBs, 15% for HNIs, and 10% for retail investors, with shares set to list on both BSE and NSE.
Retail investors in the Ather Energy IPO had to make a minimum investment of ₹14,766, with the maximum capped at ₹1,91,958. For High Net-worth Individuals, the minimum investment for Small HNIs (S-HNI) was ₹2,06,724, while Big HNIs (B-HNI) could invest up to ₹10,04,088.
Ather Energy IPO Finanacial Report
In the Ather Energy IPO, retail investors could start with 1 lot (46 shares) for ₹14,766, and go up to 13 lots (598 shares) for ₹1,91,958. Small HNIs needed to apply for at least 14 lots (644 shares) costing ₹2,06,724, while Big HNIs could invest in 68 lots (3,128 shares) for ₹10,04,088.