Overview

• Ather Energy's IPO raised ₹2,981 crore, including a ₹2,626 crore fresh issue and an offer-for-sale of 1.1 crore shares.
• The IPO was subscribed 1.43 times overall, with strong participation from retail investors (1.78x) and employees (5.43x).
• Grey market premium dropped sharply to ₹1–2 per share, signaling limited listing gains for investors.
• Proceeds from the IPO will fund a new manufacturing facility in Maharashtra, debt repayment, R&D, and marketing efforts.
• Investors can check allotment status starting May 2 via BSE, NSE, or Link Intime's online portal, with shares expected to list on May 6.