News on Medial

Ather Energy shares to list today, grey market shows muted interest

Economic Times · 1m

Ather Energy's shares are set to list on exchanges amid modest grey market interest, indicated by a Rs 14 premium over the Rs 321 issue price. The IPO aimed to raise Rs 2,981 crore, including Rs 2,626 crore from fresh issues. Institutional investors showed robust interest, whereas non-institutional uptake was lower. Proceeds will fund a new plant, R&D, marketing, and debt repayment. Prominent investors like Tiger Global and others anticipate significant returns.