Other power IPO GMP: Ather Power, the electric two-wheeler manufacturer, saw a promising start to its preliminary public offering (IPO) on Monday, with the offer receiving a sixteen percent subscription on its first day of bidding.
In keeping with the countrywide stock alternate (NSE), the IPO, which opened on april 28, has already acquired bids for 8,609,406 stocks, as compared to the 5,336,316 shares on offer.
Other electricity IPO information
Retail individual investors (RIIs) have proven to be a robust hobby, with sixty-three percent of their portion subscribed, even as the non-institutional class received 16% of the bids.
The organization, which mobilized Rs 1,340 crore from anchor investors on Friday, is looking to boost a total of Rs 2,981 crore through this public difficulty. The fee band for the provider is about between Rs 304 and Rs 321, in keeping with proportion. The IPO could be open for public subscription till april 30, 2025.
The IPO consists of a sparkling difficulty of equity stocks worth Rs 2,626 crore, along with an offer-for-sale of 1.1 crore fairness stocks by promoters and different shareholders.
If the stocks are priced on the upper give-up of the band, the overall length of the IPO might be Rs 2,981 crore, and Ather Power's valuation will be pegged at Rs 11,956 crore.
Shares to observe today: Wipro, IndusInd Bank, adani Fuel & Gensol—list
Other power IPO monetary
Ather Strength's IPO is the primary mainboard public issue of the modern-day monetary year 2025-26. This is also the second electric two-wheeler business enterprise to go public, following ola Electric Mobility's Rs 6,145 crore IPO in august 2024.
Ather electricity IPO Lead Managers
The IPO's book-walking lead managers are Axis capital, JM Monetary, Nomura Monetary Advisory and Securities (India), and HSBC Securities & capital Markets.
Ather Energy IPO GMP
As of april 29, the grey market top class (GMP) for the Ather power IPO stands at Rs 1, indicating a predicted list fee of Rs 322 (the upper cap charge of Rs 321 plus modern-day GMP).
But the GMP has shown a few fluctuations in recent sessions, with the very best attaining Rs 17 and the bottom at Rs 0, signaling a few volatilities in market expectancies.
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