Ather Energy IPO listing happened but it was a little slower than expected..|

On 6 May Tuesday, Ather Energy shares debuted in the stock market and yes, came at a slight premium, but a little below investors’ expectations. IPO Price Range was Rs 304-321 per share and listing took place:

On NSE Rs 328/share – approx. 2.18% premium

On BSE Rs 326.05/share – approx. 1.57% premium

How was the response in the IPO?

Ather Energy’s Rs 2,981 crore IPO is open from 28 April to 30 and:
1.43 times subscribed
QIBs and retail investors were quite active
The IPO had:

Fresh issue of Rs 2,626 crore
Offer of 1.1 crore shares for sale

Electric Dreams: Ather Energy’s journey

Ather has become India’s second electric two-wheeler company. Earlier Ola Electric was listed in the market and brought an IPO of Rs 6,145 crore in August. But Ather’s market valuation has reached around Rs 12,144 crore. This listing is the first major mainboard IPO of FY25 that oh naturally, there was a lot of excitement too.

Did the grey market mislead you a bit?

Before listing, Ather shares were trading at approx 4% premium in the grey market. But here is what was received on the final listing day:
Listing was below grey market expectations, as reported by Investorgain. Firstly there was green listing, which in itself is a positive signal in today’s market environment.

Read More: Civil Defence Drill in the country: After Pahalgam Attack, India is preparing for a strong reply.

What should investors learn?

IPO hype and GMP can be misleading at times, investing on a strong business model and long term vision matters more. Electric vehicle sector is still in high growth phase and future prospects of Ather Energy look promising.