Ather Energy Sets Price Band Of INR 304-321 For IPO

Ather Energy’s IPO will comprise a fresh issue of equity shares aggregating up to INR 2,626 Cr and an offer for sale of up to 1.10 Cr shares

The issue will open for subscription on April 28 and close on April 30

At the upper end of the price band, the company would be valued at about INR 11,955 Cr (about $1.4 Bn)

EV major Ather Energy has set a price band of INR 304 to INR 321 per share for its initial public offering (IPO) that will open for subscription on April 28.

The anchor investor bidding will take place on…