Ather raises ₹1,300 crore via QIP to expand manufacturing, Rizta and Grid
Ather Energy issued 1.08 crore shares at ₹1,202 each in a QIP oversubscribed more than eight times. The proceeds will support R&D, manufacturing capacity, Ather Rizta rollout and Ather Grid expansion; the stock fell nearly 3% intraday.
Ather Energy raised Rs 1,300 crore through a QIP, issuing 1.08 crore shares to institutional investors. The capital will support R&D, manufacturing capacity, Ather Rizta rollout and Ather Grid expansion; shares fell nearly 3% intraday.
Why this matters
The funding follows Ather Energy's April IPO updates, when its retail quota reached 63% subscription on Day 1, and a recent signal on the same ₹1,300 crore QIP at ₹1,202 a share.
Retail-company signals are accelerating 946,200% QoQ.