Ather IPO: EV Major Bags INR 1,340 Cr From Anchor Investors

by · Inc42

SUMMARY

  • The company allotted 4.17 Cr shares to 36 anchor investors, including SBI, ADIA, Invesco, Franklin Templeton, Morgan Stanley, Societe Generale, among others
  • As many as 7 domestic mutual funds applied for the anchor round through 14 schemes, and were allotted 49.6% of the total anchor allocation
  • Ather’s IPO will comprise a fresh issue of equity shares up to INR 2,626 Cr and an offer for sale of up to 1.10 Cr shares