The traders and investors are looking forward to the listing of the Ather Energy IPO as the market remains consolidated as well as crucial amid growing geopolitical tensions and global factors.
Ather Energy IPO Latest GMP: Retail Buzz Before May 6 Listing
Ather Energy IPO latest GMP has caught retail investors’ eyes ahead of its scheduled listing on Tuesday, May 6. The IPO, launched by the electric two-wheeler brand, saw healthy interest from investors during its subscription window from April 28 to April 30.
With the grey market premium (GMP) today at ₹7, the expected listing price stands at ₹328 per share, slightly above the upper band of ₹321. This marginal gain hints at modest listing day optimism, especially considering the downtrend seen in GMP over the past week.
Allotment Status and Demat Credit Update
The allotment process was finalised on Friday, May 2, and shares are being credited today, Monday, May 5. If you’ve been allotted shares, you should see them reflected in your demat account today. For others, the refund process will also complete today.
The IPO allocation followed SEBI norms: 75% for Qualified Institutional Buyers (QIBs), 15% for Non-Institutional Investors (NIIs), and 10% for retail investors. Employees got a sweet deal too — a ₹30 per share discount, with up to 1,00,000 shares reserved exclusively for them.
How to Check Allotment Status Online
Here’s how to check your allotment status on BSE:
- Visit: https://www.bseindia.com/investors/appli_check.aspx
- Select ‘Equity’ under Issue Type
- Choose ‘Ather Energy Limited’ from the dropdown
- Enter your Application Number or PAN
- Complete the CAPTCHA and click ‘Search’
Subscription Figures Reflect Strong Retail Interest
Retail participation stood out in this IPO. By the end of Day 3, the IPO was subscribed 1.43 times, finishing at 1.78 times by retail investors, 1.70 times by QIBs, and 66% by NIIs. The employee quota was oversubscribed 5.43 times, showing internal confidence in Ather’s future.
Though it wasn’t a blockbuster oversubscription like some recent tech IPOs, the reception reflects a growing trust in India’s electric mobility space.
GMP Today Suggests Flat to Moderate Listing
According to investorgain.com, Ather Energy IPO’s GMP today stands at ₹7, signaling a 2.18% premium over the ₹321 issue price.
In grey market terms, this is lukewarm. Over the past 14 sessions, GMP peaked at ₹17 and dipped to zero at times, showing some volatility in investor sentiment. Yet, for retail investors who got allotment, a moderate premium listing may still mean gains — especially in a cautious market environment. The flat GMP suggests that most of the IPO excitement has already been priced in.
Disclaimer: The views and investment insights provided here are based on publicly available information and do not constitute financial advice. Readers are advised to conduct their own research or consult certified financial experts before making investment decisions.
