Ather Energy IPO Allotment On May 2: Here's How To Check Status Online; Latest GMP Hints At Muted Listing

Ather Energy IPO Allotment: The Rs 3,000 crore IPO of Ather Energy will likely carry its allotment on Friday, May 2nd. Investors who have bid for this IPO can check their application status online through BSE, NSE, and Link Intime website which is now called as MUFG Intime India. The latest grey market premium (GMP) of Ather Energy hints at a muted listing on BSE and NSE next week.

Ather Energy IPO Allotment Status:

How To Check Ather Energy IPO Allotment Status On MUFG Intime?

Click On Link Below:

https://in.mpms.mufg.com/Initial_Offer/public-issues.html

Step 1: Select the company name, which will be Ather Energy Limited.

Step 2: Then select either of the options --- PAN card number, DP/Client ID, Account No, or Bank's IFSC code.

Step 3: Enter either of the options and Click On Submit. Your application status will appear!

How To Check Ather Energy IPO Allotment Status Online On BSE:

Click On Link Below:

https://www.bseindia.com/investors/appli_check.aspx

Step 1: Here, you will have to select the 'Issue Type' which would be EQUITY.

Step 2: Then select 'Ather Energy' in the 'Issue Name' option.

Step 3: The third process is to add either 'Application No' or 'PAN number'.

Step 4: Finally click on SEARCH to review the status of your bidding in the IPO.

How To Check Ather Energy IPO Allotment Status On NSE:

Click On Link Below:

https://www.nseindia.com/invest/check-trades-bids-verify-ipo-bids

Step 1: Since Ather Energy IPO is 100% book building, select the 'Equity & SME IPO bid details' option

Step 2: Select Symbol 'ATHER'

Step 3: Enter PAN number and Application number. Then click on Submit.

Ather Energy IPO GMP Today:

As per Investor Grain, Ather Energy IPO's last GMP is Rs 0, last updated May 2nd 2025 07:57 AM. With a price band of 321.00, Ather Energy IPO's estimated listing price is Rs 321 (cap price + today's GMP). The expected percentage gain/loss per share is 0.00%.

Ather Energy IPO Listing Date:

After allotment status, the IPO will credit its shares to investors or initiate refunds on May 5th.

Following this, Ather Energy will list on May 6th.

Ather Energy IPO Subscription Details:

After lacklustre demand from April 28-29, Ather Energy IPO finally managed to fully subscribe on Day 3, which was April 30. By the end of Day 3, the IPO received bids of 7,65,33,972 shares against its offered size of 5,33,63,160 shares, registering a subscription of 1.43x. The retail individual investors portion subscribed 1.78 times, followed by the qualified institutional buyers' category that subscribed 1.70 times. However, high net worth or NIIs showed dull demand with their category subscribing just 66% of the reserved size for them.

Ather's IPO opened on April 28 and closed on April 30th. It was a 100% book-building, with price bands fixed at Rs 304 to Rs 321 per equity share, with a face value of Re 1 each. The IPO comprised of a fresh issue worth Rs 2,620 crore and an offer for sale (OFS) of up to 11,051,746 equity shares.

The company's revenue mix remains largely stable, with over 90% derived from vehicle sales. Market share in the E2W segment improved consistently, rising to 11.5% in FY24 from 10.6% in FY23 and 7.9% in FY22, underlining growing brand equity and customer acceptance. Additionally, the company has demonstrated effective working capital management, with negative working capital days improving to -48 in 9MFY25 from -21 in 9MFY24, indicating enhanced operating cycle efficiency, as per SMIFS Limited's note.

Ather Energy continues to deliver robust volume growth and margin improvement, positioning it well for long-term scalability, though a clear path to
sustained profitability remains a critical area to watch, as per the note.

About Ather Energy:

Ather Energy Limited is a pioneer in the Indian electric twowheeler ("E2W") market. Company is a pure play EV company that sells E2Ws and the associated product ecosystem, comprised of company's software, charging infrastructure and smart accessories, all of which are conceptualised and designed by company in India. Other than battery packs which are manufactured in-house and portable chargers and motors which are designed and manufactured by company's suppliers, other key E2W components, such as motor controllers, transmissions, vehicle control units, dashboards, DC-DC converters, harnesses, and chassis are designed in-house and outsourced to suppliers for manufacturing.