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Ather Energy, an electric two-wheeler company based in Bangalore, is all set to open its Initial Public Offering (IPO) for public subscription from April 28, 2025, to April 30, 2025. This IPO is a book-built issue, which means that the price of the shares will be decided through the process of book building. The total issue will consist of 8.18 crore equity shares valued at ₹2,626 crore, along with an Offer For Sale (OFS) of 1.11 crore shares worth ₹354.76 crore. The price range for these shares is set between ₹304 and ₹321 per share.
IPO Management and Registration
Ather Energy has appointed several key firms to manage the IPO process. Axis Capital Limited, HSBC Securities and Capital Markets (India) Private Limited, JM Financial Limited, and Nomura Financial Advisory and Securities (India) Private Limited have been named as the book-running lead managers for the IPO. Meanwhile, MUFG Intime India Private Limited (previously known as Link Intime India Private Limited) will handle the IPO’s registration.
Grey Market Premium (GMP)
Before the IPO officially opens, there is some buzz around Ather Energy’s Grey Market Premium (GMP). As of April 25, 2025, at 6:31 a.m., the GMP stood at ₹5. This means that the expected listing price for Ather Energy’s shares might be around ₹326, assuming the price reaches the upper end of the ₹304-₹321 range. This suggests a potential gain of approximately 1.56% for investors.
It’s important to note that the GMP is based on unauthenticated market news and should be taken with caution. It does not have any official basis and is shared purely for informational purposes. Investors are advised to conduct their own research before making any decisions based on this information. We do not participate in or endorse trading in the grey market.
Share Allotment and Listing Dates
The final share allotment for Ather Energy’s IPO is expected to be completed by Friday, May 2, 2025. Afterward, refunds for any unallocated shares will be processed. The company’s shares are anticipated to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Tuesday, May 6, 2025.
Conclusion
Ather Energy’s upcoming IPO presents an exciting opportunity for those interested in the electric vehicle sector. However, like any investment, it’s crucial to carefully evaluate the risks and potential rewards. Be sure to stay informed and consider all aspects before making your investment decision.
