Ather Energy’s public issue closed with an oversubscription of 1.43X, with investors bidding for 7.65 Cr shares as against 5.34 Cr shares on offer
Non-institutional investors subscribed their portion by 66%, bidding for 96.27 Lakh shares as against 1.46 Cr shares on offer
Behind the muted response for Ather’s IPO was the current market conditions and mixed calls given by brokerages
After much-anticipation over India’s second EV IPO, Ather Energy’s public issue closed with an oversubscription of 1.43X today.
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.
