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Rohan Saha

Founder - Burn Inves... • 21d

Today marks the final day to bid for Ather Energy’s IPO, with the listing scheduled for May 6, 2025. As of now, the IPO has received only about 30% overall subscription. Interestingly, there’s been no participation from QIBs yet hopefully, they’ll step in by the end of the day and pick up the remaining shares. On the GMP front, there’s been a noticeable dip. Before the IPO opened, the grey market premium was around ₹7, but by April 29, it had dropped to just ₹1. Let’s see how much more traction the IPO gains before the bidding closes.

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