Bids were received for 7,65,33,972 shares against the offer of 5,33,63,160 shares.
The IPO (initial public issue) of Electric Two Wheeler maker Ather Energy on Wednesday received 1.43 times subscription (subscription) on the last day of the bid. The offer received more support in QIB and retail investor category. According to PTI news, according to the data available with NSE, initial share sales of Rs 2,981 crore received bids for 7,65,33,972 shares against the offer of 5,33,63,160 shares.
Price band Rs 304-321 per share
According to the news, the retail individual investors (RIIs) got the share of 1. 78 times subscription, while the category of qualified institutional buyers (QIB) got the 70 times subscription among the unstable market status. The share of non-institutional investors received 66 percent subscription. Ather Energy Limited said on Friday that it had raised Rs 1,340 crore from anchor investors. The price band of public issue is Rs 304-321 per share. This was the first mainboard public issue of the current financial year 2025-26.
IPO size was estimated at Rs 2,981 crore
The initial public offer (IPO) is a combination of new issues of equity shares of Rs 2,626 crore and a combination of selling 1.1 million equity shares by promoters and other shareholders. At the upper end of the price band, the size of the IPO has been estimated at Rs 2,981 crore, causing the company’s total assessment to Rs 11,956 crore. It is the second electric two-wheeler company to turn public after the issue of an IPO of Rs 6,145 crore by Ola Electric Mobility in August last year. Axis Capital, JM Financial, Nomura Financial Advisory and Securities (India), and HSBC Securities and Capital Markets are the book-hanging lead manager of this offer.
How much GMP is running
According to a report, in the gray market, the non-listed shares of Ather Energy are trading at around Rs 322 per share. It is just one notch above Rs 321, the upper price band of the IPO. It turns into a minor gray market premium (GMP) of Rs 1 or about 0.31%.
Latest business news
