Ather Energy IPO: From startup to stock market listing

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Ather Energy gave up the modest gains it made on its market debut on Tuesday. Shares of the electric scooter manufacturer were trading at Rs 307.08 on the BSE—down 5.58% from the listing price of Rs 326.05.The Tiger Global- and GIC-backed company raised Rs 2,981 crore through its initial public offering (IPO), including a fresh issue of shares worth Rs 2,626 crore. This IPO size was smaller than the Rs 3,100 crore figure originally mentioned in its draft red herring prospectus for the book-built offer.

About Ather Energy

Founded in 2013 by Tarun…



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Ather Energy IPO: From startup to stock market listing


Ather Energy gave up the modest gains it made on its market debut on Tuesday. Shares of the electric scooter manufacturer were trading at Rs 307.08 on the BSE—down 5.58% from the listing price of Rs 326.05.The Tiger Global- and GIC-backed company raised Rs 2,981 crore through its initial public offering (IPO), including a fresh issue of shares worth Rs 2,626 crore. This IPO size was smaller than the Rs 3,100 crore figure originally mentioned in its draft red herring prospectus for the book-built offer.

About Ather Energy

Founded in 2013 by Tarun…



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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