What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Ather Energy Limited IPO?

Ather Energy Limited IPO has received a total subscription of 1.50 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Ather Energy Limited

ListedMainboard

Consumer Discretionary / Automotive · NSE / BSE

Ather Energy Limited, incorporated in 2013, is an electric two-wheeler manufacturer in India that designs and builds electric scooters, battery packs, fast-charging infrastructure, and software systems in-house. Known for its premium, software-led products, Ather offers connected features through its Atherstack platform and supports users with the Ather Grid fast-charging network. The company sold around 1.09 lakh electric scooters in FY24 and manufactures at its Hosur plant in Tamil Nadu, which has an annual capacity of 4.2 lakh EVs. With a large retail and service presence in India, Nepal, and Sri Lanka, Ather continues to grow its brand and technology, supported by a strong IP portfolio.

Price Band

₹304 – ₹321

Issue Size

₹2981 Cr

Lot Size

46 shares

GMP

₹12

+3.7%

Est. Listing

₹333

at current GMP

Subscribed

1.50x

overall

Open

28 Apr 2025

30 Apr 2025

Allotment

2 May 2025

Refund

3 May 2025

Demat Credit

4 May 2025

Listing

6 May 2025

Last updated 12 days ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

1.50x

Total Demand

QIB Multiplier

1.76x

Institutions & Funds

NII / HNI

0.69x

High Net-Worth

Retail (RII)

1.87x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 1.50x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
QIB	27,830,383	49,060,472	1.76x
NIB	13,915,192	9,627,202	0.69x
HNIs(10L +)	9,276,795	6,841,626	0.74x
HNIs (2-10L)	4,638,397	2,785,576	0.60x
RETAIL	9,276,795	17,313,710	1.87x
EMPLOYEES	100,000	542,662	5.43x
Total	65,037,562	86,171,248	1.50x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 1.21x

Category	Applications Reserved	Applications Received	Times Subscribed
RETAIL	201,669	265,732	1.32x
HNIs(10L +)	14,405	479	0.03x
HNIs (2-10L)	7,202	3,655	0.51x
Total Applications	223,276	269,866	1.21x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Ather Energy Limited Public Issue & Market Profile

Ather Energy Limited is bringing an initial public offering (IPO) in the Consumer Discretionary / Automotive sector with an aggregate issue size of ₹2,980.76 Crores. The shares are offered at a price band of ₹304 to ₹321 per equity share on NSE and BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Bidding & Quota Instructions:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 46 shares (approx. ₹14,766 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Allotment Reconciliation Schedule:

Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2025-05-04, while un-allotted funds or UPI block mandates will be released on 2025-05-03.

Frequently Asked Questions

What is Ather Energy Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Ather Energy Limited IPO is ₹12 per equity share. Based on the upper price band of ₹304 to ₹321 per equity share, the estimated listing price is ₹333 (+3.7% expected listing gain).

What is the expected profit per lot for Ather Energy Limited IPO?

With a lot size of 46 shares and current GMP of ₹12, the expected profit per application lot is approx ₹552 (+3.7% gain). Minimum application cost is approx ₹14,766.

What is the issue size and price band for Ather Energy Limited IPO?

The Ather Energy Limited IPO aggregate issue size is ₹2,980.76 Crores with an equity price band set at ₹304 to ₹321 per equity share. The retail lot size is 46 shares requiring a minimum capital outlay of approx. ₹14,766.

How can I check Ather Energy Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 1.50x (Retail: 1.87x, QIB: 1.76x, NII: 0.69x). You can track live multiples directly on our dedicated subscription page.

Where and when will Ather Energy Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2025-05-02. Investors can verify status using PAN card or application number.

When is the listing date for Ather Energy Limited IPO?

Ather Energy Limited shares are scheduled to list on NSE and BSE on 2025-05-06.