Once the Ather Energy IPO allotment is finalised, investors can check their status on the official websites of BSE, NSE, or MUFG Intime India (formerly Link Intime India), the registrar for the issue
High net-worth individuals (HNIs) subscribed only 66 per cent, while retail and employee portions fared better at 1.78x and 5.4x, respectively
Analysts are viewing Ather Energy's share sale as a litmus test for India's IPO market, where momentum has slowed down amid a broader market decline
The public offering, which opened for subscription on April 28, has received a muted response from investors so far, despite garnering broadly favorable reviews from brokerages
The wealthy investor or high net worth individual portion was subscribed 27 per cent, the retail investor portion was subscribed 1.1 times
On Friday, Ather allocated shares worth Rs 1,340 crore to anchor investors
The initial public offer of electric two-wheeler maker Ather Energy received a 16 per cent subscription on the first day of bidding on Monday. The initial share sale received bids for 86,09,406 shares against 5,33,63,160 shares on offer, according to data available with the NSE. The portion for retail individual investors (RIIs) fetched 63 per cent of subscriptions while the quota for the non-institutional category received 16 per cent of subscriptions. Ather Energy Ltd on Friday said it has mobilised Rs 1,340 crore from anchor investors. The Rs 2,981-crore public issue, with a price band of Rs 304-321 apiece, is available for public subscription from April 28-30. This is the first mainboard public issue of the current financial year 2025-26. The IPO is a combination of a fresh issue of equity shares worth Rs 2,626 crore and an offer-for-sale of 1.1 crore equity shares by promoters and other shareholders. At the upper end of the price band, the IPO size is pegged at Rs 2,981 cro
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The Ather Energy IPO GMP has plunged sharply from ₹20 or 6 per cent recorded on Wednesday, April 23, when the company announced its price band for the public offering
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Electric two-wheeler maker Ather Energy Ltd on Friday said it has mobilised Rs 1,340 crore from anchor investors days ahead of the launch of its initial share sale for public subscription. The Ather Energy IPO opens for public subscription on April 28. 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. PSBI Mutual Fund (MF), Aditya Birla Sun Life MF, ICICI Prudential MF, Invesco MF, Aditya Birla Sun Life Insurance, ITI MF and Union MF are among the anchor investors. According to a circular uploaded on BSE's website, the electric two-wheeler maker has allotted 4.17 crore shares to 36 funds at Rs 321 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 1,340 crore. The Rs 2,981-crore public issue, with a price band of Rs 304 to Rs 321 a piece, will be available for pu
Sets price band of Rs 304-321 per share for IPO which opens on April 28
India was the world's second-largest market by IPO proceeds in 2024 but listings are down 15% this year, data compiled by LSEG showed
The Tiger Global-backed company trimmed its IPO size on Tuesday to ₹2,626 crore ($308.3 million), down from its initial aim of raising ₹3,100 crore
Ather goes ahead with IPO despite global volatility and market slump triggered by Trump's tariff shock; valuation also revised downward
Ather is still planning to go ahead with the IPO in the coming weeks despite the fresh volatility in global stock markets
Both companies had planned to launch their offerings this month
In the past, we have launched many products in the market, from generation 4 to generation 5, to Apex, Rizta, and Halo, said Ather Energy CTO
Speaking on the sidelines of TiECon, Mehta stated that Ather's focus remains on scaling its business, as the company is bullish on expanding its market beyond South India
Spanning 38,692 sq ft, the facility is designed to validate durability and safety across vehicle, system, and component levels