Ather Energy IPO, one of the anticipated upcoming IPOs, opened for subscription on April 28, 2025, and closed on April 30, 2025.
The company finalised share allotments on Friday, May 2, 2025. Successful bidders can expect the shares to be credited to their demat accounts today on Monday, May 5, 2025. Those who did not receive an allotment will likely receive refunds on the same day. Ather listing date is expected on Tuesday, May 6.
This IPO was a book-built issue amounting to ₹2,981.06 crores, comprising a fresh issue of 8.18 crore shares worth ₹2,626.30 crores and an offer for sale of 1.11 crore shares totalling ₹354.76 crores.
The price band for the Ather Energy IPO was set between ₹304 to ₹321 per share, with a minimum application lot size of 46 shares, requiring retail investors to invest at least ₹13,984.
The company plans to utilise the proceeds from the proposed issue across key areas, including capital expenditure related to setting up an electric two-wheeler (E2W) factory in Maharashtra, for repayment or pre-payment of certain borrowings, investments in research and development, marketing initiatives, and towards general corporate purposes.
On Day 3, April 30, 2025, the Ather Energy IPO subscribed 1.50 times. The public issue was subscribed 1.89 times in the retail category, 1.76 times in the Qualified Institutional Buyers (QIB) category, and 0.69 times in the Non-Institutional Investors (NII) category.
Ather Energy IPO offered a total of 9,28,67,946 shares. Out of which 2,78,30,383 (29.97%) allocated to QIB, 1,39,15,192 (14.98%) allocated to NII, 92,76,795 (9.99%) allocated to RII, 1,00,000 (0.11%) allocated to employees and 4,17,45,576 (44.95%) allocated to Anchor investors.
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With plans for expansion and innovation in the electric mobility space, all eyes are now on the Ather listing date, scheduled for May 6, 2025, to see Ather Energy share price on the exchanges.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: May 5, 2025, 10:19 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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