The allotment for the Ather Energy IPO is expected to be finalized today, with investors able to check their status via the BSE website or Link Intime. The IPO was subscribed just over 1.4 times. Shares are slated to list on May 7.

Checking Allotment Status: Investors can check their allotment status through the BSE website or Link Intime’s portal.

BSE:

1. Visit the BSE allotment check page: https://www.bseindia.com/investors/appli_check.aspx
2. Select 'Ather Energy' from the dropdown menu under ‘Issue Name.’
3. Enter your PAN or application number and click ‘Search.’

Link Intime:

1. Visit Link Intime’s allotment page: https://www.linkintime.co.in/MIPO/Ipoallotment.html
2. Select 'Ather Energy IPO' from the dropdown.
3. Enter your PAN or application number, then click on ‘Search’ to view your allotment status.

Grey Market Premium (GMP): The grey market premium for Ather Energy IPO has cooled off to around Rs 1, indicating flat listing gains over the upper issue price band of Rs 321. Recent market volatility and moderate subscription levels have weighed on near-term sentiment.

Listing Date: Ather Energy shares are expected to be listed on the BSE and NSE on Friday, May 7.

IPO Overview: Ather Energy’s Rs 2,981 crore IPO comprised a fresh issue of Rs 2,626 crore and an offer-for-sale (OFS) of Rs 355 crore by existing shareholders. The company plans to use the proceeds for capacity expansion, R&D, and working capital.

About Ather Energy: Founded in 2013, Ather Energy is a leading player in India’s electric two-wheeler space, designing, manufacturing, and selling electric scooters. It operates 200+ experience centers across the country and recently launched the Ather Rizta family scooter.