The bid for anchor investors will open for one day on 25 April.
There is an update for investors waiting for the IPO. If you also want to earn by bidding in IPO, then there is a good opportunity for you after a few days. Electric two wheeler company Ather Energy Limited is living to launch its IPO on April 28. That is, from this day you will be able to bid or take subscription. According to PTI news, this IPO is worth Rs 2,626 crore. This will be the first main board public issue of the current financial year (2025–26).
Will be able to bid till 30 April
According to the news, according to Red Herring Prospectus (RHP), this three -day public issue of Ather Energy will close on April 30. The bid for anchor investors will open for one day on 25 April. The proposed IPO is proposed to sell new issues of equity shares worth Rs 2,626 crore and selling 1.1 million equity shares by promoters and other shareholders.
What will the company do about the raised amount
The company intends to use the raised amount from this IPO for the establishment of an electric two -wheeler factory in Maharashtra and reduction in debt. It will be the second electric two -wheeler company to become public after the Ola Electric Mobility released an IPO of Rs 6,145 crore in August last year. The IPO of Ola Electric had a new issue of up to Rs 5,500 crore and OFS of 8,49,41,997 equity shares.
Apart from IPO schemes, Ather Energy is also expanding its research and development (R&D) capabilities. Recently, the company announced its product test and verification center at Begur, Bangalore, The Jugarnott to expand its R&D and testing capabilities.
Understand IPO
When a private limited company decides to be public for the first time, it launches an early public offer. Due to this, the company starts trading publicly on stock exchanges like BSE or NSE.
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