Ather Energy’s Rs 3,000-crore IPO was fully subscribed by April 30, led by strong institutional demand.
Retail investors subscribed 1.55 times their quota; QIBs came in late with 1.33x subscription, while NIIs lagged at 36%.
Grey Market Premium (GMP) slipped to Rs 1, showing only a 0.31% premium over the issue price.
Weak GMP trend linked to broader market weakness, though sentiment may improve with market stability.
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