Retail Portion Subscribed 63% On Day 1

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SUMMARY

Retail individual investors bid for 61.25 Lakh shares on the first day of bidding as against 97.34 Lakh shares on offer

Ather Energy’s IPO comprises a fresh issue of up to INR 2,626 Cr and an offer-for-sale component of up to 1.1 Cr shares

Last week, the EV maker raised INR 1,340 Cr in its anchor round led by SBI Mutual Fund

The initial public offering (IPO) of electric two-wheeler maker Ather Energy saw strong demand from retail investors, who subscribed to 63% of the reserved shares for them on the first day of…



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Retail Portion Subscribed 63% On Day 1


SUMMARY

Retail individual investors bid for 61.25 Lakh shares on the first day of bidding as against 97.34 Lakh shares on offer

Ather Energy’s IPO comprises a fresh issue of up to INR 2,626 Cr and an offer-for-sale component of up to 1.1 Cr shares

Last week, the EV maker raised INR 1,340 Cr in its anchor round led by SBI Mutual Fund

The initial public offering (IPO) of electric two-wheeler maker Ather Energy saw strong demand from retail investors, who subscribed to 63% of the reserved shares for them on the first day of…



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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