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The allotment status for Ather Energy's ₹2,981 crore IPO is expected to be finalised today, May 2, 2025. Investors can check their allotment status through the BSE website, NSE website, or the registrar's portal, Link Intime India Private Ltd.
Subscription details
Ather Energy's IPO, open from April 28 to April 30, 2025, was subscribed 1.43 times overall. Retail investors led with a 1.78x subscription, followed by Qualified Institutional Buyers (QIBs) at 1.70x. Non-Institutional Investors (NIIs) showed less enthusiasm, subscribing only 66% of their allotted quota.
Reasons behind the lukewarm response
Several factors contributed to the moderate investor interest:
- Valuation concerns: Ather's IPO was priced at a valuation of $1.4 billion, which some analysts deemed high compared to peers like Bajaj Auto and TVS Motor.
- Competitive market: Ather faces stiff competition from established players like Ola Electric, TVS Motor, and Bajaj Auto, which have broader distribution networks and aggressive pricing strategies.
- Grey market premium (GMP): The GMP for Ather's IPO stood at ₹0, indicating expectations of a flat listing.
What it means for investors
Investors allotted shares can expect them to be credited to their Demat accounts by May 5, 2025. Refunds for unallotted shares will also be processed on the same day. The company's shares are scheduled to list on both the BSE and NSE on May 6, 2025.
Final takeaway
Ather Energy's IPO saw moderate interest, with retail investors showing the most enthusiasm. However, valuation concerns and a competitive market landscape tempered overall demand. Investors should monitor the stock's performance post-listing to assess long-term prospects.
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Disclaimer: This story was created with the assistance of artificial intelligence and is intended for informational purposes only. Please take it with a pinch of salt and do your own research or consult a financial advisor before making investment decisions.
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