The status of allotment of shares for the initial public offering (IPO) of Ather Industries will be finalized on Tuesday, May 31. Ather Industries IPO It received good response from investors during its membership period. Due to strong interest from institutional buyers, the Ather IPO was booked 5.26 times on the last day of subscription. As per data available by the National Stock Exchange (NSE), the IPO of Ather Industries received bids for 5.85 crore shares against 93.56 lakh shares. The portion set aside for Qualified Institutional Buyers (QIBs) was subscribed 17.57 times, while the quota allocated for non-institutional investors (NIIs) was subscribed 2.57 times. The category reserved for retail individual investors (RIIs) was subscribed 1.14 times.
Those who have invested in Ather Industries IPO can check their share application status in two ways – 1) BSE, 2) Registrar’s website
How to Check Ather Industries IPO Allotment Status through BSE Website
1) Visit the official website of BSE through the URL —https://www.bseindia.com/investors/appli_check.aspx.
2) Under ‘Issue Type’, select ‘Equity’.
3) Select ‘Ather Industries Limited’ in Dropbox under ‘Issue Name’.
4) Enter your Application Number, or Permanent Account Number (PAN).
5) Then, to verify yourself click on ‘I am not a robot’ and hit on ‘Search’ option.
The status of your share application will appear on your screen.
Bidders can check the allotment status at the official registrar’s online portal of Ather Industries IPO – Link Intime India.
How to Check Ather Industries IPO Allotment Status through Link Intime India
1) Visit Link Intime’s web portal India Private Limited – https://www.linkintime.co.in/IPO/public-issues.html.
2) IPO in Dropbox – Select ‘Ather Industries Limited IPO’. It is to be noted that the IPO name will be populated only after the allotment is finalised.
3) Select any one of the three options: ‘PAN’ or ‘Application Number’, or ‘DP Client ID’.
4) In Application Type, choose between ASBA and Non-ASBA.
5) Enter the details of the mode you have selected in Step 2.
6) In the next step fill the captcha and click on the ‘Search’ button.
The status of your Ather Industries IPO application will appear on the screen.
Once the share allotment is finalized, the company will start the process of refunding the unsuccessful investors. The shares of Ather Industries will be credited to the demat accounts of eligible investors by Thursday, June 2. Shares of Ather Industries Limited will debut on the stock exchange on June 3.
Ather Industries, a manufacturer of specialty chemicals, opened its IPO from May 24-26. The Ather IPO consists of a fresh issue of equity shares of up to Rs 627 crore and an offer for sale of 28 lakh shares worth up to Rs 181 crore by shareholders and promoters. The price band of Ather Industries IPO has been fixed at Rs 610-642 with a face value of Rs 10 for each equity share.
Ather Industries IPO GMP Today: According to market experts, unlisted shares of Ather Industries were trading at a premium of Rs 25 in the gray market on Thursday.
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