Mumbai, May 2 -- The initial public offer (IPO) of Ather Energy received 76,544,046 bids for shares as against 53,363,160 shares on offer. The issue was subscribed 1.43 times.

The Qualified Institutional Buyers (QIBs) category was subscribed 1.70 times. The Retail Individual Investors (RIIs) category was subscribed 1.78 times. The Non-Institutional Investors (NIIs) category was subscribed 0.66 times.

The issue opened for bidding on 28 April 2025 and it will close on 30 April 2025. The price band of the IPO was fixed between Rs 304 to 321 per share.

The IPO comprised a fresh issue of equity shares worth up to Rs 2,626 crore and an offer for sale of 11,051,746 equity shares, aggregating up to Rs 354.76 crore, by existing shareholders.

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