Ather Energy’s IPO sees 16% subscription on first day

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Electric two-wheeler (E2W) maker Ather Energy launched its initial public offering (IPO) on April 28, with investors subscribing to 16 percent of the total shares available.According to data from the BSE, bids were placed for 8.6 million shares out of the 53 million offered. The retail portion was subscribed 0.63 times, while non-institutional investors (NIIs) subscribed 0.16 times.

Qualified institutional buyers (QIBs) placed bids for just 5,060 shares on the first day against the 28.9 million shares allocated for the segment. However, the…



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Ather Energy’s IPO sees 16% subscription on first day


Electric two-wheeler (E2W) maker Ather Energy launched its initial public offering (IPO) on April 28, with investors subscribing to 16 percent of the total shares available.According to data from the BSE, bids were placed for 8.6 million shares out of the 53 million offered. The retail portion was subscribed 0.63 times, while non-institutional investors (NIIs) subscribed 0.16 times.

Qualified institutional buyers (QIBs) placed bids for just 5,060 shares on the first day against the 28.9 million shares allocated for the segment. However, the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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