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Ather Energy IPO subscription will open from today; Know all details
Ather Energy IPO: Subscriptions for the IPO of electric two-wheeler manufacturing company Ather Energy will start from today. Investors will take two days to buy it. Its subscription will close on 30 April. Let's know about this IPO from A to Z. Along with this, we will also know the basic information about the company.
Ather Energy Limited IPO will begin today. At the same time, its subscription will close on the two days later i.e. on 30th of April. Its entire issue amount is Rs 2980.76 crore. The price band of this IPO will be between Rs 304 and Rs 321 per share. Investors will have to purchase at least 46 shares. Which implies that its lot size will be 46 shares.
Together with this, Ather Energy wishes to raise funds by way of IPO and use the funds for establishing a new facility in Maharashtra. Side by side, this will also be used for loan repayment as well as prepayment of loans.
According to the information received from the official document of the company, the company will allot the IPO on May 2. At the same time, the investors who have not been able to get the IPO of Air Energy, their money will be refunded by May 5.
