New Delhi: Ather Energy IPO, a book built issue of Rs 2,981.06 crore, is all set to open for public subscription on April 28, 2025 and will close on April 30. The initial public offer of the Indian electric two-wheeler (E2W) company is spared to end on 30th April.
Ather Energy IPO price band is set in the range of Rs 304 to Rs 321 per equity share. The retail investors are required to apply for a minimum lot size of 46 shares with a minimum amount of investment of Rs 13,984. The investors bidding in the NII category will have to bid for 14 lots for which Rs 2,06,724 is required, while bNII portion investors are mandated to apply for 68 lots with an investment amount of Rs 10,04,088.
The IPO is a combination of fresh issue of 8.18 crore shares aggregating to Rs 2,626.30 crores and an OFS of 1.1 crore equity shares by promoters and other shareholders, which aggregates to Rs 354.76 crores.
Ather Energy IPO allotment is set to take place on May 2, 2025, while the process to initiate refunds is expected to start on May 5, 2025. The shares will be credited to the demat accounts of successful shareholders on 5th May. The share will list with the tentative date fixed as May 6.
As per investorgain, Ather Energy IPO latest GMP stood at 0, which means that the share of the company are expected to be listed with no gains. It may be noted that grey market price is not official and depend on the bidding of IPOs and investors’ sentiments.
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Ather Energy IPO will open for subscription on April 28, 2025 and will close on 30th April. The GMP indicates that the Ather Energy shares will list with Zero per cent gains. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
