Ather Energy IPO Allotment Status: What You Need to Know

The excitement surrounding Ather Energy’s initial public offering (IPO) has captured the attention of investors across the country. As the electric two-wheeler maker gears up for its market debut, the allotment status of its shares is set to be finalized on Friday, May 2. This article delves into the key details surrounding the IPO, including subscription rates, investor categories, and how to check your allotment status.

Subscription Overview

Ather Energy’s IPO was met with robust demand, culminating in a fully subscribed offering by the final day of bidding. According to consolidated data from the National Stock Exchange (NSE), the IPO received bids for a staggering 7,65,44,046 shares, significantly surpassing the 5,33,63,160 shares available. This translates to a subscription rate of 1.43 times, indicating strong interest from various investor segments.

Retail Individual Investors (RIIs)

Retail individual investors played a pivotal role in the demand for Ather Energy’s shares. They applied for 1,73,13,710 shares, compared to the 97,34,319 shares reserved for them. This resulted in a remarkable subscription rate of 1.78 times, showcasing the enthusiasm of retail investors in the electric vehicle sector.

Qualified Institutional Buyers (QIBs)

Qualified institutional buyers also showed significant interest, with their quota being booked 1.70 times. They submitted applications for 4,90,60,472 equity shares against the 2,89,27,363 shares on offer. This strong demand from institutional investors reflects confidence in Ather Energy’s growth potential.

Non-Institutional Investors (NIIs)

In contrast, non-institutional investors bid for 96,27,202 shares, falling short of the 1,46,01,478 shares allocated to them. This category was subscribed at 66%, indicating a more cautious approach compared to retail and institutional investors.

Allotment Details

The finalization of the bid details will be accessible on the websites of the National Stock Exchange (NSE), the Bombay Stock Exchange (BSE), and the registrar, MUFG Intime India Pvt Ltd (formerly Link Intime India). Investors eagerly awaiting their allotment status can follow the steps outlined below.

Steps to Check Ather Energy IPO Allotment Status on MUFG Intime India

1. Visit the MUFG Intime India website.
2. Navigate to the IPO allotment section.
3. Enter your application number or PAN details.
4. Click on ‘Submit’ to view your allotment status.

How to Check Ather Energy IPO Allotment Status on BSE

1. Go to the BSE allotment status check portal: BSE Allotment Status.
2. Select ‘Equity’ as the issue type.
3. Choose ‘Ather Energy Limited’ from the ‘Issue Name’ dropdown.
4. Enter your PAN Card details or application number.
5. Click ‘Search’ to check your status.

Step-by-Step Guide to Check Ather Energy IPO Allotment Status on NSE

1. Visit the NSE website.
2. Navigate to the IPO allotment section.
3. Select ‘Ather Energy’ from the list.
4. Enter your application number or PAN details.
5. Click ‘Submit’ to view your allotment status.

Ather Energy IPO Listing Date and Time

Investors can look forward to the shares of Ather Energy making their debut on both the BSE and NSE on Tuesday, May 6, at 10 AM. This marks a significant milestone for the company and its stakeholders.

Financial Overview

The Ather Energy IPO aims to raise ₹2,981.06 crore, with a price range set between ₹304 and ₹321 per share. The offering includes a fresh issue of shares valued at ₹2,626 crore, alongside an offer-for-sale of 1.1 crore shares. The funds raised are earmarked for various purposes, including:

• Capital expenditure for setting up an electric two-wheeler factory
• Clearing existing debt
• Marketing initiatives
• Research and development (R&D)
• General corporate purposes

About Ather Energy

Founded in 2013, Ather Energy has established itself as a key player in the electric two-wheeler market. The company specializes in manufacturing electric two-wheelers (E2Ws), battery packs, and software solutions, positioning itself at the forefront of the green mobility revolution.

For more information on IPOs, their listings, schedules, and upcoming offerings, visit our page.

As Ather Energy prepares for its market entry, the enthusiasm from investors reflects a growing interest in sustainable transportation solutions. With a solid subscription rate and a promising future, Ather Energy is poised to make a significant impact in the electric vehicle landscape.