Ather energy share: Electric two -wheeler manufacturer Ather Energy’s share was listed in the market on Tuesday with a gain of Rs 321 to 2 percent. The stock started at Rs 326.05 with a gain of 1.57 percent on BSE. Later it rose 3.70 percent to Rs 332.90. It was listed at Rs 328, climbing 2.18 percent on NSE.
The initial public issue (IPO) of Ather Energy received 1.43 times the last day of the dialect on Wednesday. The company had fixed a price scope of Rs 304-321 per share for an IPO of Rs 2,981 crore. Ather Energy Limited has raised Rs 1,340 crore from the anchor i.e. big investors.
The company’s market evaluation stood at Rs 12,110.53 crore. The company gave its employees a discount of Rs 30 on every stock. He is very excited about the listing in the market.
The income of Ather Energy IPO will be used for funding its new factory in the western state of Maharashtra, research and development, repayment of loans and for general corporate purposes.
Edited by: Nrapendra Gupta
