Electric two-wheeler Manufacturing company Ather Energy was listed in the Indian stock market today. However, the first day of listing was not good for the company and its shares closed down by about 6 percent on Tuesday. Let us tell you that Ather Energy shares were listed at a price of Rs 328.00 with a premium of 2.18 percent on NSE. On the other hand, the company’s shares were listed at a price of Rs 326.05 with a premium of 1.57 percent on BSE. Ather Energy was allotted shares to investors at a price of Rs 321.00 under its IPO.
Shares closed with a decline of 8.54 percent on NSE
The company’s shares listed with a slight increase with the issue price closed with a major decline at the end of the trading. Ether Energy shares fell at Rs 300.00 at Rs 300.00, declining 8.54 percent from its listing price on NSE and 6.54 percent from the issue price. Similarly, the company’s shares on BSE fell 7.22 percent from their listing price and 5.76 percent from the issue price to close at Rs 302.50. Today, Ether Energy shares on NSE today reached Intrade High of Rs 333.00 to Intrade Low of Rs 299.10 on their debut.
Ather Energy IPO was opened on 28 April
The IPO of Ather Energy was opened on 28 April and closed on 30 April. The company had fixed a price band of Rs 304 to Rs 321 for shares with face value of Rs 1 under its IPO. The IPO received a total of 1.43 times subscription on the last day on Wednesday. The company has raised a total of Rs 2981.06 crore from this IPO. Let us tell you that Ather Energy has become the second electric two-wheeler company to bring IPO after Ola Electric. The IPO of Ola Electric came last year. However, the current price of Ola Electric shares is much below its issue price.
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