Ather IPO Sees Lukewarm Response Amid Mixed Brokerage Calls

Ather Energy’s public issue closed with an oversubscription of 1.43X, with investors bidding for 7.65 Cr shares as against 5.34 Cr shares on offer

Non-institutional investors subscribed their portion by 66%, bidding for 96.27 Lakh shares as against 1.46 Cr shares on offer

Behind the muted response for Ather’s IPO was the current market conditions and mixed calls given by brokerages

After much-anticipation over India’s second EV IPO, Ather Energy’s public issue closed with an oversubscription of 1.43X today.

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