Ather Energy IPO Fully Subscribed on Final Day, Backed by Strong Retail and QIB Demand

The much-awaited Ather Energy IPO gained complete subscription at 1.43 times on the final bidding day. Investors across the board showed steady interest, with strong support coming from retail investors and qualified institutional buyers (QIBs). Ather Energy has reached a significant development as the Bengaluru electric scooter startup works to increase capital that will support business expansion.

According to Money Control, the Ather Energy IPO saw strong demand and was fully subscribed on the last day of bidding. Before this, the company raised ₹1,340 crore from anchor investors.

Retail and QIBs Drive Demand

The retail segment of Ather Energy’s IPO subscription was oversubscribed, indicating increasing confidence in the firm’s future. QIBs, i.e., large investment companies and banks, also expressed strong interest. This is a good sign, as strong institutional support can often create more long-term interest in the stock after listing.

Non-institutional investors like high-net-worth individuals (HNIs) also took active participation, although their segment recorded comparatively subdued demand in relation to retail and QIB categories.

About the Ather Energy Share Sale

The main purpose of Ather Energy’s IPO was to obtain funds which the firm used for facility expansion together with research and development initiatives and infrastructure charging expansion. The business aims to deploy part of its funds to extend its market scope into Tier 2 and Tier 3 cities. The growing market demand for electric vehicles along with customer preference for clean mobility operations has benefited Ather Energy during its IPO.

Prior to the listing, there has been significant action in the grey market. The Ather Energy’s grey market premium (GMP) increased gradually over the past few days of bidding. The Ather Energy GMP reflected a healthy premium over the issue price, which implies that investors are looking for a good debut when the shares enter the stock market.

What’s Next for Ather?

Following the successful IPO, all eyes will now be on Ather’s listing performance and how it utilizes the fresh funds to execute its expansion plans. The company has been growing steadily and is recognized for its strong focus on technology and in-house manufacturing.

With increasing competition in the EV space, particularly from brands like Ola Electric and Bajaj Chetak, Ather’s next phase will be crucial in cementing its leadership in the premium two-wheeler EV segment.

The fully subscribed Ather Energy IPO signals a strong investor interest and confidence in the company’s future. Backed by solid participation from both retail and institutional investors, the IPO’s success is a positive step forward in India’s fast-growing EV landscape. As the company gears up for its next chapter, stakeholders will closely watch its execution strategy and market performance.