Ather Energy IPO open to investors from today, learn all the necessary information including fresh GMP – Cross Talk India
IPO News: After about two months, there is a chance for investors to invest in the mainboard IPO. From today, the IPO of Ather Energy is opening for subscription. In this IPO, investors will be able to invest money from April 28 to April 30. Let us tell you that Ather Energy is an electric vehicle manufacturer company that forms Electric Two-wheelers (E2WS). Let’s know everything you should know about this IPO. Also, this IPO will also tell the latest rate in the gray market.
Details of Ather Energy IPO
The Entry Energy IPO’s price band has been fixed at ₹ 304 to ₹ 321 per equity share of Rs 1 inscribed price. The IPO will offer a new equity shares worth ₹ 2,626 crore along with the promoters and other current shareholders offering sales of 1.1 crore equity shares (OFS).
The company plans to set up an electric two -wheeler manufacturing plant in Maharashtra, using ₹ 927.2 crore out of its total amount from its IPO, repaying ₹ 40 crore loan, ₹ 750 crore for research and development and ₹ 300 crore marketing. These funds are expected to be used during the financial year 2026 to 2028.
Hope to list the market on 6 May
The initial share allocation for the IPO of Ather Energy is expected to be held on Friday, May 2, while the refund process will be done by the company on Monday, 5 May. On the day of refund, shares will be deposited in the demat accounts of the allottees. Ather Energy shares are expected to be listed on BSE and NSE on Tuesday, May 6. Axis Capital Limited, HSBC Securities and Capital Markets Private Limited, JM Financial Limited and Nomura Financial Advisory and Securities (India) Private Limited are working as a book-hinging lead manager for Ather’s IPO. Link Inteime India Private Limited is working as Registrar for this issue.
IPO GMP
According to Investorgen, Ather Energy is trading at a premium of ₹ 3 in the IPO’s share unlisted gray market. Depending on the upper end of the IPO price band and the current gray market premium, the estimated listing price of Ather Energy is estimated to be ₹ 324 per share, showing an increase of 0.93% from an IPO price of ₹ 321. For retail investors, 1 lot will be of 46 shares. For this, Rs 14,766 will have to be invested. Retail investors will be able to apply for a maximum of 13 lots.
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