Ather Energy Fund Raise of ₹1,300 Cr
Ather Energy Ltd allotted 1,08,15,307 equity shares via a Qualified Institutions Placement at ₹1,202 per share. The issue raised an aggregate amount of ₹1299.9999014 Crore.
- Value
- ₹1,300 Cr
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Ather Energy Ltd allotted 1,08,15,307 equity shares via a Qualified Institutions Placement at ₹1,202 per share. The issue raised an aggregate amount of ₹1299.9999014 Crore.
Ather Energy completed a QIP, allocating 10,815,307 shares at ₹1,202 each. This fundraise raises approximately ₹1,300 Crore for the company.
Ather Energy approved opening a Qualified Institutional Placement on July 15, 2026. The board set the issue floor price at ₹1,169.70 per equity share.
Ather Energy's board approved a ₹1,200 Crore fund raise via preferential issue of equity and warrants. Allottees include Hero MotoCorp and company promoters.
Ather Energy's board approved raising up to ₹2,500 Crore via QIP and other modes. The funds will support growth and expansion plans.
Ather Energy Limited submitted its Monitoring Agency Report for the quarter ended March 31, 2026. The report confirms the utilization of ₹2,626.00 Crore raised via its IPO, with ₹1,008.93 Crore utilized to date. No material deviations from the stated objects were observed by the monitoring agency, CARE Ratings Limited.