Ather Energy Ltd is launching its IPO from April 28 to April 30, aiming to raise ₹2,980.76 crore. The issue includes ₹2,626 crore as a fresh issue and ₹354.76 crore as an Offer for Sale (OFS). The price band is set at ₹304-321 per share, with a minimum lot size of 46 shares.
Retail investors can enter the market with ₹14,766 for 46 shares. Small HNIs can invest ₹2,06,724 for 644 shares, while Big HNIs can buy 3,128 shares for ₹10,04,088. Investors will see the allotment results on May 2, and the listing will follow on May 6.
The IPO’s grey market premium (GMP) stands at ₹17, indicating a potential 5.30% upside. Analysts suggest this reflects strong interest in Ather Energy as it prepares to enter the stock market.
India’s growing EV industry offers exciting opportunities, and Ather Energy’s IPO could be a promising bet for investors. Backed by innovation and demand, Ather aims to strengthen its market position. Evaluate the offering wisely—it could deliver impressive returns.
