06-Jan-2025
2 mins read
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Ather Energy IPO Subscription Status
Ather Energy IPO subscription status will be available after the IPO opens in the third week of December 2024. In the QIB category 50% of the net offer is reserved. The remaining 35% is reserved for the retail investors and 15% is for Non-Institutional investors.
Ather Energy IPO FAQ
1. What are the details of the Ather Energy IPO?
Ather Energy IPO is a book-built issue of Rs 3100 crores. This upcoming IPO is likely to be a combination of fresh issue and offer-for-sale. The fresh issue is of Rs 3,100 crore and OFS is of 2.2 crore equity shares.
2. When will the Ather Energy IPO open and close?
Ather Energy IPO's open date is expected to be in the third week of December 2024. The allotment is expected to be in the last week of December 2024.
3. What is Ather Energy IPO GMP?
Ather Energy IPO GMP quotation is around Rs 77 per share. You can check the latest GMP price online from the first day of subscription. If the subscription got oversubscribed, then Ather Energy IPO GMP might rise in the coming days.
4. Write the details of the IPO Allotment Status?
Ather Energy IPO allotment status is expected to be finalised in the last week of December 2024. The listing will be on the BSE and NSE platforms in the last week of December. The registrar of this IPO is expected to be Link Intime India Private Limited. Investors can check their allotment status after the subscription of the IPO ends.
5. Who is the registrar and lead managers for Ather Energy IPO?
Ather Energy IPO's registrar is Link Intime India Private Limited. On the date of allotment, Investors can click on the registrar's website and select the name of the company and enter PAN number or application ID to know their allotment status.
The lead managers are Axis Capital Limited, HSBC Securities and Capital Market India Private Limited. JM Financial Limited, Nomura Financial Advisory and Securities India Private Limited.
What is an IPO Subscription?
The IPO subscription is a process by which investors bid for shares of the company during its first public offer. Investors from the different categories like retail, institutional and non-institutional apply for shares within the IPO price-band. The level of subscription is measured in terms of how many times shares offered are applied.
A higher subscription time in a specific category reflects strong investors' interest and high demand. Whereas, low subscription reflects lack of demand and under subscription. The subscription data is updated daily which drives the investors sentiment while applying for any IPO.