Ather Energy shares listed on the stock exchanges with a 2 percent premium over the issue price on Tuesday, May 6, following oversubscription in qualified institutional buyers (QIB) and retail investors categories. The Rs 2,981-crore initial public offer (IPO) of the electric two-wheeler maker got subscribed 1.43 times between April 28 - 30.
The shares of Ather Energy were listed at Rs 328 per share on the NSE, a premium of 2.18 to its IPO price. The initial share sale was priced in the range of Rs 304 - 321 per share.
On the BSE, the shares were listed at Rs 326.05 per share, a premium of 1.57 percent over the IPO price. The market valuation of the company post listing of shares stood at Rs 12,144.05 crore.
Shares of Ather Energy which were commanding a grey market premium of about 4 percent in the unofficial market ahead of their debut, listed below expectations, according to Investorgain.
Ather Energy was the first mainboard public issue of current financial year. The initial public offer (IPO) is a combination of a fresh issue of equity shares worth Rs 2,626 crore and an offer-for-sale of 1.1 crore equity shares by promoters and other shareholders.
This is the second electric two-wheeler company to go public after Ola Electric Mobility floated its Rs 6,145-crore IPO in August last year.
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