India, April 25 -- Ahead of the opening of its highly anticipated IPO, EV maker Ather Energy has raised INR 1,340 Cr from anchor investors at INR 321 per share.

The company allotted 4.17 Cr shares to 36 anchor investors, including SBI, Abu Dhabi Investment Authority (ADIA), Invesco, Franklin Templeton, ICICI Prudential, Morgan Stanley, Societe Generale, among others, today.

"The board of directors of the company at its meeting held on April 25, 2025. has finalised allocation of 41,745,576 equity shares to anchor investors at anchor investor allocation price of INR 321 per equity share (including share premium of INR 320 per equity share).," said the company in a filing with the BSE.

As many as 7 domestic mutual funds applied for the an...