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Ather Energy IPO Subscription Status

Ather Energy IPO was subscribed 1.5 times when bidding closed on 30 Apr 2025: QIB 1.76x, NII 0.69x, Retail 1.89x.

The Ather Energy IPO has been subscribed 1.5x times overall. Retail investors have shown interest with bids for 1.89x the shares available. The Non-Institutional Investor (NII) category has been subscribed 0.69x. Within NII, Big HNI (B-HNI) subscribed 0.74x and Small HNI (S-HNI) subscribed 0.6x. Qualified Institutional Buyers (QIBs) have subscribed 1.76x. Data last updated on 10 Nov, 05:58 AM.

The IPO subscription period has ended. The issue opened on 28 Apr, 2025 and closes on 30 Apr, 2025. The shares are expected to list on stock exchanges on 06 May, 2025.

Abhishek Vohera, Founder of IPO Guru Researched & reviewed by Abhishek Vohera, Founder, IPO Guru Last updated Figures sourced from the RHP, BSE & NSE

Live bidding

Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.

Last updated 10 Nov 2026, 05:58 AM
Category Bid details Times
QIB - of - - 1.76x
NII - of - - 0.69x
bHNI — bid amount above ₹10 Lakh
- - 0.74
sHNI — bid amount ₹2–10 Lakh
- - 0.6
Retail - of - - 1.89x
Employee - of - - 5.43x
TOTAL - 2,50,485 applications - 1.5x
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Ather Energy IPO Basis of Allotment

Final Final figures published by the registrar, after technical rejections. Allotment price ₹321.

Applications
2,50,485
Allottees
2,17,791
Overall odds
4 out of 5
Amount collected
₹3,745 Cr
Category Apps Got Odds
TOTAL 1.26x subscribed 2,50,485 2,17,791 4 out of 5

Ather Energy IPO allotment probability

Your odds of an allotment in each category at the current subscription.

Retail (up to ₹2 L)
1 out of 2
~52.9% chance per PAN — based on 1.89x subscription. Winners get exactly 1 lot (₹14,766) by SEBI lottery, however many lots you bid.
Small HNI (₹2–10 L)
Full allotment
0.6x — undersubscribed. Valid S-HNI bids should be allotted in full.
Big HNI (above ₹10 L)
Full allotment
0.74x — undersubscribed. Valid B-HNI bids should be allotted in full.
QIB (institutions)
1.76x
Proportionate allotment — at 1.76x, institutions receive ~56.8% of their bid. No lottery; not open to individual investors. Moderate institutional demand.

Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.

Subscription insights

What the current book is saying, read off the category numbers above.

Retail Allotment

Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 52.9% for a single lot.

Day-wise subscription history

End-of-day subscription across the 3-day bidding window. On phones, tap a day for the category split.

Date Total
30 Apr 2025
Day 3
1.5x ▼
QIB1.76x BHNI0.74x SHNI0.6x Retail1.89x Employee5.43x
29 Apr 2025
Day 2
0.28x ▼
QIB- BHNI0.29x SHNI0.22x Retail1.12x
28 Apr 2025
Day 1
0.16x ▼
QIB- BHNI0.18x SHNI0.11x Retail0.63x

Ather Energy IPO dates

From the bidding window to listing. Today is 10 November.

Key dates Listed
  1. Open 28 Apr 2025
  2. Close 30 Apr 2025
  3. Allotment 02 May 2025
  4. Refund/credit 05 May 2025
  5. Listing 06 May 2025

Anchor investor allocation

Shares allotted to anchor investors the working day before the issue opened.

Anchor Investor Amt (₹ cr.) % Allocated
SBI SMALL CAP FUND ₹240.00 Cr 17.91%
ADITYA BIRLA SUN LIFE FLEXI CAP FUND ₹166.00 Cr 12.39%
ABU DHABI INVESTMENT AUTHORITY-MONSOON ₹100.00 Cr 7.46%
CUSTODY BANK OF JAPAN,LTD.RE: RB AMUNDI INDIA SMALL CAP EQUITY MOTHER FUND ₹90.00 Cr 6.72%
ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED ₹80.00 Cr 5.97%
PRUDENTIAL HONG KONG LTD.-PHKL ASIA PACIFIC ACTIVE GROWTH EQUITY PORTFOLIO-AHAPAG-EASTSPRING GROWTH EQUITIES TEAM ₹79.26 Cr 5.91%
SBI MAGNUM CHILDREN'S BENEFIT FUND - INVESTMENT PLAN ₹70.00 Cr 5.22%
INVESCO INDIA SMALLCAP FUND ₹70.00 Cr 5.22%
TEMPLETON EMERGING MARKETS INVESTMENT TRUST PLC ₹66.13 Cr 4.93%
TEMPLETON DEVELOPING MARKETS TRUST ₹32.85 Cr 2.45%
ICICI PRUDENTIAL TRANSPORTATION & LOGISTICS FUND ₹30.00 Cr 2.24%
TOCU EUROPE III S.A R.L. ₹28.50 Cr 2.13%
HELIOS FLEXI CAP FUND ₹22.46 Cr 1.68%
EASTSPRING INVESTMENTS-ASIA OPPORTUNITIES EQUITY FUND ₹20.74 Cr 1.55%
FRANKLIN TEMPLETON INVESTMENT FUNDS - TEMPLETON BRIC FUND ₹20.01 Cr 1.49%
INVESCO INDIA ELSS TAX SAVER FUND ₹20.00 Cr 1.49%
TEMPLETON EMERGING MARKETS FUND ₹18.42 Cr 1.37%
MORGAN STANLEY INDIA INVESTMENT FUND,INC. ₹17.95 Cr 1.34%
FRANKLIN TEMPLETON INVESTMENT FUNDS-TEMPLETON EMERGING MARKETS FUND ₹17.18 Cr 1.28%
CAN LAH INVESTMENTS PTE. LTD. ₹17.00 Cr 1.27%
SUBHKAM VENTURES (I) PVT.LTD. ₹15.02 Cr 1.12%
TEMPLETON INTERNATIONAL EMERGING MARKETS FUND ₹13.98 Cr 1.04%
ITI FLEXI CAP FUND ₹11.00 Cr 0.82%
MORGAN STANLEY INVESTMENT FUNDS INDIAN EQUITY FUND ₹10.56 Cr 0.79%
INVESCO INDIA LARGECAP FUND ₹10.00 Cr 0.75%
ICICI PRUDENTIAL FLEXICAP FUND ₹10.00 Cr 0.75%
UNION INNOVATION & OPPORTUNITIES FUND ₹10.00 Cr 0.75%
TATA INVESTMENT CORPORATION LIMITED ₹10.00 Cr 0.75%
SOCIETE GENERALE-ODI ₹10.00 Cr 0.75%
BNP PARIBAS FINANCIAL MARKETS-ODI ₹10.00 Cr 0.75%
FRANKLIN TEMPLETON VARIABLE INSURANCE PRODUCTS TRUST-TEMPLETON DEVELOPING MARKETS VIP FUND ₹6.64 Cr 0.50%
IPROFILE EMERGING MARKETS PRIVATE POOL MANAGED BY FRANKLIN TEMPLETON INVESTMENTS ₹6.18 Cr 0.46%
TEMPLETON EMERGING MARKETS FUND ₹5.62 Cr 0.42%
ITI VALUE FUND ₹2.00 Cr 0.15%
ITI BHARAT CONSUMPTION FUND ₹2.00 Cr 0.15%
HELIOS MID CAP FUND ₹0.54 Cr 0.04%
TOTAL ₹1,340.04 Cr 100.01%
View allotment letter PDF →

What does this subscription data mean?

IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:

  • 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
  • 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
  • 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
  • 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.

Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.

Frequently asked

What is the current subscription status of Ather Energy IPO?

As of IPO close date (30 Apr, 2025), the Ather Energy IPO is subscribed 1.5x times. Retail category is 1.89x, and NII is 0.69x subscribed.

When is the allotment date for Ather Energy IPO?

The allotment for Ather Energy IPO is expected to be finalized on 02 May, 2025.

What is the GMP of Ather Energy?

The Grey Market Premium (GMP) for Ather Energy is currently ₹13, indicating a potential listing gain of 4%.

When will Ather Energy IPO list on the stock market?

Ather Energy is scheduled to list on BSE and NSE on 06 May, 2025.

What are the chances of getting allotment in Ather Energy IPO?

The retail category is oversubscribed at 1.89x, meaning allotment is by lottery. Statistically, approximately 1 in 2 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.

What does QIB subscription of 1.76x mean for Ather Energy IPO?

Moderate — QIBs have subscribed 1.76x. Institutional demand is present but not overwhelming. Watch for any last-minute QIB surge on the final day.

How to check Ather Energy IPO allotment status?

After the allotment date (02 May, 2025), you can check your Ather Energy IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.

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Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.

Total
1.5x
QIB
1.76x
NII
0.69x
bHNI
0.74x
sHNI
0.6x
Retail
1.89x
Full IPO details
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