IPO GMP News Highlights (May 6): Check Day 2 subscription trends, GMP of Srigee DLM, Manoj Jewellers IPOs and much more

The completion of an insolvency resolution process takes 57.5 percent more time than it did five years ago, according to a Moneycontrol analysis of data released by Insolvency and Bankruptcy Board of India. While it took 445 days to complete a resolution process under IBC in December 2020, the time taken has increased to 587 days in 2022, and 671 days in 2023. By the end of 2024, it took 701 days to complete the resolution process, more than twice the time allowed by the law, which mandates insolvency proceedings to be completed in 330 days. (Read More)

Adani Power has won a contract to supply 1500 megawatts from a thermal power plant in the northern state of Uttar Pradesh at 5.38 rupees ($0.0638) per unit, two sources told Reuters on Tuesday. - Reuters

As of the latest update on May 6, 2025, at 01:56 PM, the GMP (Grey Market Premium) for Srigee DLM SME IPO stands at Rs 30, GMP monitoring site investorgain.com says. With a price band capped at Rs 99.00, the estimated listing price is Rs 129, combining the cap price with the current GMP. This suggests an expected per-share gain of 30.30%.

• India's diesel exports likely hit their lowest level in over a decade in April as major exporter Reliance cut refining output for maintenance at a time when domestic demand was robust, trade sources and analysts said.
• India, one of Asia's top-three diesel exporters, exported around 1.15 million metric tons (9.69 million barrels) of the industrial and transportation fuel in April, an average of data from LSEG, Kpler, Vortexa and two trade sources showed. - Reuters

LG India, the Indian subsidiary of South Korean giant LG Electronics, is set to launch its much-awaited mainboard IPO in May 2025 after receiving approval from SEBI.

The latest GMP (Grey Market Premium) for Manoj Jewellers SME IPO is Rs 0, as of the last update on May 6, 2025, at 12:36 PM. Given the IPO price band of Rs 54.00, the estimated listing price stands at Rs 54, which is simply the cap price plus the current GMP. This translates to an expected gain or loss of 0.00% per share.

Ather Energy shares dropped to Rs 311.65 at 11.40AM, signalling a 2.87 percent from the issue price of Rs 321, and 4.98 percent lower from the listing price of Rs 326.

Ather Energy stocks listed at a premium of 1.57 percent at R 326.05 per share over the issue price of Rs 321 on the BSE.

Ather Energy IPO Listing Live Updates: Celebrations at NSE as Ather lists on markets

Ather Energy shares listed at Rs 328. With an IPO price of Rs 321 and lot size of 46 shares — investors who were allotted, saw Rs 322 profit per lot with listing gains of 2 percent.

Ather Energy IPO Listing Live Updates: First visuals as Ather Energy lists on stock exchanges

Ather Energy lists at 328 per share — Rs 7 above issue price.

The Ather Energy shares listed at 10:00 am today on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Ather Energy IPO Listing Live Updates: Listing ceremony underway at NSE - Watch

Ather Energy's IPO listing ceremony is underway at the National Stock Exchange (NSE) in Mumbai today.

Ather Energy shares will list at 10:00 am today on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Ather Energy Ltd's promoters are Swapnil Babanlal Jain, Tarun Sanjay Mehta and Hero MotoCorp Limited. The shares of Ather Energy will list at 10:00 am today on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Ather Energy share price: Confirming Ather Energy debut, a BSE notice said, “Trading Members of the Exchange are hereby informed that effective from Tuesday, May 6, 2025, the equity shares of Ather Energy Limited shall be listed and admitted to dealings on the Exchange in the list of ‘B’ Group of Securities.”

As per the notice, Ather Energy shares will open for trading at 10:00 AM and today's operations will be a part of Special Pre-open Session (SPOS).

Ather Energy listing day trends:  The Indian rupee opened 4 paise down at 84.2848 against US dollar today. The rupee has been resilient in the past few days owing to positive signs around a potential US-India trade deal. Currency experts said the fall is also due to a slight uptick in the dollar index.

Ather Energy IPO Listing Time: Ather Energy shares will list on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) simultaneously at 10:00 am today (Tuesday, May 6).

Upon listing, Ather Energy will become the second major electric scooter company after Ola Electric to debut on stock exchanges. Ola Mobility's Rs 6,145-crore IPO debuted in August 2024.

Ather Energy IPO listing:  The Indian electric two-wheeler (E2W) maker began operations in 2013. Ather Energy Limited is involved in all areas of electric two-wheeler manufacturing — which includes battery packs, EV charging infrastructure, development, design, allied software systems for EVs and in-house assembly of electric scooters. Ather operates as a vertically-integrated electric two-wheeler manufacturer with a focus on product and technology development.

On Tuesday, despite of mixed global cues, the Indian indices have opened higher. Sensex rose 0.07 percent or 54.49 points to reach 80,851.33. Nifty opened 0.10 percent or 25.60 points higher to reach 24,486.75. Overall, 1380 shares rose, 740 shares fell, and 151 shares unchanged. Read More

Although the GMP shows only an Rs 14 hike over IPO price today, it is heartening to see that the grey market premium has risen from minus 10 on April 23, to the current rise — a swing of Rs 18.

The deficit was overturned on April 27, when GMP was Rs 0, thereby showing a modest rise to the levels seen on Tuesday. On Monday, the day before listing, the Ather GMP rose 4.36 percent to Rs 14.

Ather Energy share price: Electric two-wheeler maker Ather Energy's shares will likely debut tepidly on stock markets today. As per market trends and 'grey market premium’ (showing the market's willingness to pay above issue price), Ather shares were trading Rs 8 above the allotment price at Rs 335 per share — a 4.36 per cent premium (GMP) over the IPO price of Rs 321, hinting at a flat or negative listing returns for the investors.

Ather Energy IPO Listing Time: Shares of Ather Energy will debut simultaneously on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) at 10:00 am today (Tuesday, May 6).

The three-day subscription window for the Rs 2,980.6 crore IPO was open for subscription between April 28, 2025 and April 30, 2025.

On Monday, a day before debut of Ather Energy shares, Sensex and Nifty ended at their highest closing level for 2025. Markets were buoyed by recent inflows by Foreign Institutional Investors (FIIs) and an sentiments improved by a decline in crude oil prices.

At the close, the Sensex rose 0.4 percent or 295 points to settle at 80797 points, while the Nifty 50 finished at 24461 — registering a rise of 114.45 points 0.47 percent. BSE Midcap rose 1.45 percent, while BSE Smallcap advanced 1.23 percent.

With a gain of only 2 points, GIFT Nifty trends hinted at a muted start for the broader index in India. The Nifty futures were trading around 24,563.50 level. With modest GMP, Ather Energy shares are also expected to garner a tepid response on debut at the bourses today. Read More

The initial public offering of Ather Energy opened for subscription on April 28 and ended on April 30. The IPO was subscribed 1.50 times overall, getting bids for 7,67,49,068 shares against the 5,11,22,370 shares that were on offer during the IPO.

The retail category was fully subscribed with 1.89 times subscription, while the NII was subscribed 0.69 times. The Qualified Institutional Buyers (QIBs) category received a 1.76 times subscription.

The price of the Rs 2,981-crore Ather Energy IPO was fixed in the range of Rs 304 to Rs 321 per share.

Ather Energy IPO has been allotted, and those who had applied for the shares can check the allotment status via these steps:

1) Visit the official BSE website through the URL — https://www.bseindia.com/investors/appli_check.aspx

2) Under ‘Issue Type’, choose ‘Equity’

3) Use the drop-down menu to select ‘Ather Energy Limited’ under ‘Issue Name’.

4) Investors can either input their Permanent Account Number (PAN) or application number.

5) After clicking on the ‘I’m not a robot’ button, click on the ‘Search’ button.

The share application status with status of allotted shares or unsuccessful status will appear on the screen.

Investors can also directly go on to the registrar Link on Intime India Pvt Ltd’s portal — https://in.mpms.mufg.com/Initial_Offer/public-issues.html and check Ather Energy IPO allotment status.

Ather Energy share price: As per market observers and 'Grey market premium' (which depicts investors’ willingness to pay a premium over and above the issue price), Ather Energy Ltd's unlisted shares were trading at Rs 335 per share apiece — a premium of 4.36 per cent premium (GMP) over the IPO price of Rs 321, hinting at a flat or negative listing returns for the investors.

Ather Energy IPO: Ather Energy rests on strong financial foundation. As of December 31, 2024, Ather's assets stood at Rs 2,172 crore — up from Rs 818.6 crore in March 2022. The electric two-wheeler maker's revenue rose from Rs 413.8 crore in FY22 to Rs 1,617.4 crore in the 9 months ending December 2024, hinting at strong sales momentum. However, the company reported a net loss of Rs 577.9 crore for the 9-month period ending December 2024 — rising from a deficit of Rs 1,059.7 crore in FY24 and Rs 864.5 crore in FY23.

Ather Energy share price: Ather Energy Limited, a homegrown electric two-wheeler (E2W) maker was incorporated in 2013. Ather is engaged in all facets of electric two-wheeler manufacturing — from designing to development, battery packs, EV charging infra, supporting software systems along with in-house assembly of electric scooters. With a focus on product and technology development, Ather operates as a vertically-integrated electric two-wheeler manufacturer.

Ather Energy share price:  According to Monday's GMP trends, Ather Energy shares were likely to list on the bourses at a modest premium of approximately Rs 2 per share. With an IPO Price of Rs 321 per share, and estimates placing the GMP at +Rs 7, the share showed that it would likely list at Rs 328 on the indices.

Ather Energy share listing: Electric two-wheeler maker Ather Energy shares are all set to debut on the stock market today. This, the first major IPO in close to two months, will be the first major public issue of 2025. Once listed, Ather Energy will be joining Ola Electric on the stock exchanges, and become the second major electric scooter company to float its IPO since Ola Mobility's Rs 6,145-crore public issue in August 2024.