Ather's Rs 1,300-crore QIP subscribed over eight times

Short summary

Ather Energy's Rs 1,300-crore Qualified Institutional Placement (QIP) was subscribed over eight times, drawing interest from marquee domestic mutual funds and foreign institutional investors. The issue was launched at a floor price of Rs 1,169.70 per share, roughly 10% below the prevailing market price of Rs 1,298.

• •Ather's Rs 1,300-crore QIP oversubscribed 8x
• •Floor price set at Rs 1,169.70, ~10% below market
• •Strong demand from domestic MFs and FIIs

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