Ather Energy raises ₹1,300 crore through QIP at ₹1,202 a share
The electric two-wheeler maker issued 1.08 crore equity shares in a ₹1,300 crore QIP, priced 2.8% above the ₹1,169.70 floor price. Major allottees included HDFC, Aditya Birla Sun Life, Axis, Edelweiss, Tata and Motilal Oswal mutual funds.
Indian electric two-wheeler maker Ather Energy raised about ₹1,300 crore through a QIP, issuing 1.08 crore shares at ₹1,202 each. Major institutional allottees included HDFC, Aditya Birla Sun Life, Axis, Edelweiss, Tata and Motilal Oswal mutual funds.
Why this matters
The QIP follows Ather Energy's April 2025 IPO retail quota reaching 63% subscription on Day 1 and later signals of shares rising nearly 200% as FY26 sales grew 69% and its network reached 700 Experience Centres.
Retail-company signals are accelerating, up 945700% QoQ.
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