Ather Energy Ipo: Gmp Takes A Hit Ahead Of Issue Launch, Falls In Single Digit

Ather Energy IPO, nan first rumor of financial twelvemonth 2025-26, has seen a crisp correction successful its grey marketplace premium (GMP) moreover earlier nan offering kicked disconnected for subscription. The first mainboard rumor being launched successful nan past 10 weeks is witnessing a muted request successful nan unofficial marketplace up of its launch.

Last heard, Ather Energy IPO shares were commanding a grey marketplace premium of Rs 7 only, suggesting a listing popular of small much than 2 per cent for nan investors complete nan precocious extremity of nan value band. However, nan GMP stood astir Rs 17 earlier nan value set for nan rumor was announced and Rs 10 a time ago.

The IPO of Ather Energy shall kick-off for bidding connected Monday, April 28 and tin beryllium subscribed until Wednesday, April 30. The electrical two-wheeler shaper shall beryllium offering its shares successful nan scope of Rs 304-321 apiece, which tin beryllium applied successful a batch size of 46 equity shares and its multiples thereafter. Anchor rumor shall unfastened for bidding connected Friday, April 25.

Hero MotoCorp-backed Ather Energy was incorporated successful 2013. The Bengaluru-based pure-play electrical two-wheeler (E2W) institution engaged successful nan design, development, and in-house assembly of electrical scooters, artillery packs, charging infrastructure, and supporting package systems.

The Rs 2,980.46 crore-IPO of Ather power includes a caller stock waste of Rs 2,626 crore and offer-for-sale (OFS) of up to 1,10,51,746 equity shares by its promoters and existing shareholders. The nett proceeds from nan caller stock waste shall beryllium utilized towards capex, repayment of loans, finance successful investigation and development; and wide firm purposes.

For nan 9 months ended connected March 31, 2025, Ather Energy reported a nett nonaccomplishment of Rs 577.9 crore, pinch a gross of Rs 1,617.4 crore. After a preservation of 1 lakh shares, for its eligible employees, who will get a discount of Rs 30 apiece, QIB investors will person 75 per cent allocation, while non organization and unit investors will get 15 per cent and 10 per cent of nan nett issue.

Axis Capital, HSBC Securities & Capital Markets, JM Financial, Nomura Financial Advisory and Securities (India) are nan book moving lead managers of nan Ather Energy IPO, while Link Intime India is nan registrar for nan issue. Shares of nan institution shall beryllium listed connected some BSE and NSE pinch May 6 arsenic nan tentative day of listing.

Published on: Apr 24, 2025 12:45 PM IST