Ather IPO: The Initial Public Offering (IPO) of Ather Industries Limited was opened for subscription on 24 May 2022 and will be open for bidding till 26 May 2022. This means that the membership of Ather Industries IPO expires today. Public issue price after the second day of bidding 808.04 crore has been subscribed 0.49 times while its retail segment is subscribed 0.67 times. As per market observers, Ather Industries shares are available at a premium of 3 in the gray market today.
Ather Industries IPO GMP today
According to market experts, Ather IPO Gray Market Premium (GMP) today is 3, which is 7 down from yesterday evening’s gray market premium 10. He added that the negative sentiments in the secondary market have taken their toll on the gray market sentiments with respect to the Ather IPO. Ather’s IPO GMP was up on Wednesday from 5 10, however, after weakness on Dalal Street, Ather IPO GMP is down again today 3 per share.
What does this GMP mean?
Market Observers Further Says Ather’s IPO Is GMP Today 3, which means the gray market is expecting the Ather IPO listing to be around 645 ( 642 + 3), which is equal to its price band from 610 642 per share.
Hence, the gray market is indicating that the IPO of Ather Industries will have ‘at par listing’ on Dalal Street.
However, stock market experts said that the gray market is not a perfect indicator about the success or failure of the IPO as it is a non-regulated non-official data. Instead of gray market sentiment, one should look at the financial position of the company, he added. He said that it is the balance sheet of the company which reflects the ideal picture of the fundamentals of the company.