Investors eyeing the Ather Energy IPO are eagerly awaiting the allotment results, expected to be finalized on the evening of May 2. With interest from retail and institutional investors, the electric vehicle maker’s market debut is being closely watched.
Allotment Status and How to Check
The Ather Energy IPO, which opened between April 28 and April 30, was subscribed 1.50 times overall. The allotment is anticipated to be confirmed today, and successful applicants will begin receiving bank debit messages shortly after.
Here’s how you can check the IPO allotment status:
- Visit the BSE IPO application status page.
- Select ‘Equity’ under the issue type.
- Choose ‘Ather Energy Limited’ from the dropdown.
- Enter your application number or PAN.
- Verify the captcha and click ‘Search’ to view your status.
Alternatively, investors can access the allotment update via the registrar’s portal at Link Intime India Pvt Ltd.
Market Sentiment and Listing Outlook
Despite decent subscription figures, Ather Energy’s grey market premium (GMP) currently stands at zero. Unlisted shares are trading at ₹321—exactly the upper band of the IPO price—signaling a potential flat listing. The stock is scheduled to debut on both the BSE and NSE on May 6.
The IPO raised ₹2,981 crore, with shares priced between ₹304 and ₹321 apiece. Retail investors showed the strongest participation with a 1.89 times subscription, while Qualified Institutional Buyers (QIBs) subscribed 1.76 times. Non-Institutional Investors (NIIs), however, lagged with a 0.69 times subscription.
While the subdued GMP suggests cautious optimism, much will depend on broader market trends, including sentiment in Nifty, sectoral cues from auto stocks, and momentum in the bank rally this week.
About Ather Energy and Financial Snapshot
Founded in 2013, Ather Energy is a vertically integrated EV manufacturer focused on electric two-wheelers. The company designs and assembles its scooters in-house and has developed a network of charging infrastructure and proprietary software systems.
Financially, the company has shown significant growth. As of December 31, 2024, total assets stood at ₹2,172 crore, up sharply from ₹818.6 crore in March 2022. Revenue jumped from ₹413.8 crore in FY22 to ₹1,617.4 crore for the nine-month period ending December 2024—highlighting strong demand for its products.
However, Ather remains in the red. It posted a net loss of ₹577.9 crore for the same nine-month period, though this marks an improvement from losses of ₹1,059.7 crore in FY24 and ₹864.5 crore in FY23.
For more details about Ather Energy and its IPO documents, you can refer to the official SEBI and NSE websites.