Mumbai, April 28 -- The initial public offer (IPO) of Ather Energy received 86,09,406 bids for shares as against 5,33,63,160 shares on offer, according to stock exchange data at 17:00 IST on Monday (28 April 2025). The issue was subscribed 0.16 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. An investor can bid for a minimum of 46 equity shares and in multiples thereof.

The IPO comprises 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.

The objectives of the fresh issue include Rs 927.2 crore for capital expen...