Ather Energy’s initial public offering struggled to gather strong investor interest on the second day of bidding, with the overall subscription reaching just over 30% as of 05:09 PM on Tuesday, April 29.Retail investors led the demand, subscribing 1.19 times of their allocated quota, while non-institutional investors (NIIs) subscribed 28%. The Rs 3,000-crore offering closes … Read more
The initial public offer (IPO) of Ather Energy will open for subscription today. The company is planning to raise about Rs 2,981 crore through the IPO, where it is offering fresh equity shares of 8.18 crore and an offer for sale (OFS), which comprises 1.1 crore shares. Under the OFS, promoters Tarun Sanjay Mehta and … Read more
Mumbai: India’s primary market is poised to snap a two-and-a-half-month dry spell, with electric scooter maker Ather Energy gearing up to launch its ₹3,000 crore initial public offering on April 28, said people familiar with the matter. The Bengaluru-based startup, backed by Hero MotoCorp, is expected to be valued at ₹9,900 crore pre-IPO and ₹12,500 … Read more
