Ather Energy Shares Make A Muted Market Debut; Stock List At 2% Premium

Shares of Ather Energy made a muted Dalal Street debut connected Monday, May 05 arsenic nan electrical two-wheeler subordinate was listed astatine Rs 328 connected NSE, a premium of 2.18 per cent complete its rumor value of Rs 321. Similarly, nan banal kicked-off its maiden trading convention pinch a premium of 1.57 per cent complete nan fixed rumor value astatine Rs 326.05 connected BSE.

Listing of Ather Energy shares has been somewhat beneath nan expected lines. Ahead of its listing, Ather Energy shares were commanding a grey marketplace premium of Rs 10-12 apiece, suggesting a mild listing popular of 3-4 per cent for nan investors. The premium successful nan unofficial marketplace has seen a beardown betterment station nan closure of nan issue.

The IPO of Ather Energy was unfastened for bidding betwixt April 28 and April 30. It sold its shares successful nan fixed value set of Rs 304-321 per stock pinch a batch size of 46 shares. The electrical two-wheeler shaper raised a full of Rs 2,980.76 crore from its IPO, which included a caller stock waste of Rs 2,626 crore and an offer-for-sale (OFS) of up to 1,10,51,746 equity shares.

The rumor was wide subscribed only 1.43 times. The information for qualified-institutional bidders (QIBs) was subscribed astir 1.70 times. The information for non-institutional investors (NIIs) was booked conscionable 66 per cent, while nan allocation for unit investors was booked 1.78 times during nan three-day bidding. Allocation for labor was booked 5.43 times.

Incorporated successful 2013, Bengaluru-based Ather Energy is simply a 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. It operates arsenic a vertically integrated EV shaper pinch a attraction connected merchandise and exertion development.

JM Financial, Axis Capital, HSBC Securities & Capital Markets, Nomura Financial Advisory and Securities (India) enacted arsenic nan book moving lead managers of nan Ather Energy IPO, while Link Intime India served arsenic nan registrar for nan issue. 

Published on: May 6, 2025 9:45 AM IST