News India Live, Digital Desk: The IPO of the Electric Two-wheeler manufacturer at Bangalore will be allotted on Friday, 2 May. The IPO of this company was subscribed to a total of 1.43 times. This IPO was launched on April 28 with the objective of raising ₹ 2,981 crore, with a price band ₹ 304 to ₹ 321 per share.
How to check allotment status?
MUFG INTIME INDIA (East Link Intime):
- Go to the official website: MUFG INTIME IPO ALLOTMENT
- “Ather energy ltd.” Choose
- Enter your PAN, application number or client ID.
- Click on ‘Submit’ and see allotment status.
How to check status on BSE:
- Open the website: BSE iPo Allotment Status
- Choose “Equity” in ‘Issue Type’ and the company name “Ather Energy Ltd.” Choose
- Enter PAN or application number and ‘Submit’.
How to check status on NSE:
- Open the website: NSE IPO Verification
- Choose the option ‘Equity & Sme iPo Bid Details’.
- Choose “Ather” in the company’s name and enter the required details.
GMP (Grey Market Premium) update:
The current GMP of Ather Energy is ₹ 0, making market experts the possibility of flat listing. It is estimated that the stock may be listed around ₹ 321 per share (the highest value of the price band).
IPO listing and refund date:
- The share transfer and refund process will start from May 5.
- Ather Energy shares will be listed on NSE and BSE on Tuesday, May 6.
Information of Ather Energy Company:
Ather Energy was established in the year 2013 and is known for its premium electric scooters. The company makes a battery pack and charging system for its products itself. The company will use the amount received from the IPO for new plants, research and development, payment of loans and marketing works.
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