Ather Energy IPO Day 2 Update: Ather Energy IPO entered its second day of subscription on April 29. However, the initial response has been relatively lukewarm. On Day 1, the Ather IPO was subscribed 17% overall, with notable enthusiasm seen only among retail investors.
Ather Energy IPO Day 1 Recap: Lukewarm Response
The Ather Energy IPO received a muted response on Day 1 of bidding. Overall, the IPO was subscribed just 0.17 times across categories. Among different investor segments, retail investors showed relatively better interest, with the retail portion being subscribed 0.69 times. However, Qualified Institutional Buyers (QIBs) did not participate on the first day, with the subscription standing at 0 times.
The Non-Institutional Investors (NIIs) segment also witnessed limited traction, with a subscription of just 0.17 times. In contrast, the employee quota saw healthy demand, getting subscribed 1.84 times. Meanwhile, the anchor investors had fully subscribed their portion before the Ather Energy IPO opened to the public, offering some support to the issue.
Ather Energy IPO Price Band
The company has set the Ather Energy IPO price band between Rs. 304 and Rs. 321 per equity share. Through this IPO, Ather Energy is aiming to raise a total of Rs. 2,981.06 crore.
The issue size includes both a fresh issue of shares and an Offer for Sale (OFS) by existing shareholders. This combination is intended to fund expansion plans and repay some outstanding debts.
Ather Energy IPO GMP Today April 29
Despite Ather Energy's strong brand presence in the electric two-wheeler (E2W) sector, the grey market premium stands muted. According to market sources and InvestorGain website, the latest Ather Energy IPO GMP (Grey Market Premium) is around Rs 1 as of April 29, 2025, 8:00 AM.
The Estimated Listing Price for Ather energy IPO stands at Rs. 322 . the Expected Gain from this ipo is calculated to be Approximately 0.31% over the issue price.
Ather Energy IPO Listing Date and Allotment Details
Ather Energy IPO Allotment Date is set at May 2, 2025 (Tentative) and the Ather Energy IPO Listing Date On both NSE and BSE will be done on May 6, 2025 (Tentative)
Should You Subscribe to Ather Energy IPO? Expert Opinions
Expert opinions are mixed regarding whether to subscribe to the Ather Energy IPO or not. In a recent brokerage note, SBI Securities has advised investors to avoid subscribing due to concerns around profitability issues at both EBITDA and PAT levels.
On the other hand, Arihant Capital has given a "Subscribe for listing gains" recommendation. "At the upper band of Rs.321, the issue is valued at an EV/Sales ratio of 8x based on 9MFY25 sales. We recommend subscribing for potential listing gains," Arihant Capital said. The weak subscription numbers and flat GMP suggest that retail investors should approach cautiously.
Disclaimer: The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.
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