Ather Energy's ₹2981Cr IPO to Open on April 28th. Price Band ₹304-₹321 per share, Lot Size 46 shares. Investors can bid until April 30th.
Ather Energy IPO: The Indian IPO market is set for another significant event. Amidst India-Pakistan tensions and the US trade war, Ather Energy's ₹2981 crore IPO will open on April 28th. Investors can bid for the IPO until April 30th.
Complete Information about the Ather Energy IPO
Ather Energy has launched its IPO with a ₹2981Cr issue, comprising ₹2626.30 crore of fresh shares and ₹354.76 crore of an offer for sale (OFS). The company is a leading manufacturer of e-scooters, and its products like the Ather 450X and Ather 450S have gained significant popularity.
IPO Price Band and Lot Size
The Ather Energy IPO's price band is set at ₹304-₹321 per share, with a lot size of 46 shares. This means an investor needs to invest at least ₹14,766 for one lot. Retail investors can bid for a maximum of 13 lots, totaling ₹1,91,958.
Anchor Investors Show Strong Interest
Prior to the IPO, Ather Energy raised ₹1340.03 crore from anchor investors. Prominent investors like SBI Small Cap Fund and SBI Magnum Children's Benefit Fund participated in this process.
IPO Process and Listing Dates
The allotment results for this IPO will be announced on May 2nd. The refund process will begin on May 5th, with shares credited to investors' demat accounts. Ather Energy's shares are expected to be listed on May 6th.
Ather Energy Company Profile
Ather Energy was founded in 2013 by IIT Madras alumni Tarun Mehta and Swapnil Jain. It has now become the fourth-largest electric two-wheeler manufacturer in the country, following Ola Electric, TVS Motor, and Bajaj Auto.
Should You Invest in this IPO?
Ather Energy's IPO could be a good opportunity, especially for those considering investments in the electric vehicle sector. However, always consult with market experts before making any investment decisions.
Key Points to Consider Before Investing!
- The Ather Energy IPO will be open from April 28th to April 30th.
- The price band is ₹304-₹321 per share.
- The lot size is 46 shares, requiring a minimum investment of ₹14,766.
