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Ather Energy’s INR 2,981 Cr IPO received bids for 5.66 Cr shares as against 5.33 Cr shares on offer, resulting in a 1.08X subscription
The issue saw decent interest from QIBs, who subscribed to the issue over 1.28 times on the final day of the bidding process
Of the total IPO proceeds, Ather has earmarked INR 927 Cr to set up E2W manufacturing factory in Maharashtra with an estimated annual production capacity of 1 Mn EV units
Electric two-wheeler maker Ather Energy’s…
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Ather Energy’s INR 2,981 Cr IPO received bids for 5.66 Cr shares as against 5.33 Cr shares on offer, resulting in a 1.08X subscription
The issue saw decent interest from QIBs, who subscribed to the issue over 1.28 times on the final day of the bidding process
Of the total IPO proceeds, Ather has earmarked INR 927 Cr to set up E2W manufacturing factory in Maharashtra with an estimated annual production capacity of 1 Mn EV units
Electric two-wheeler maker Ather Energy’s…
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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