Ather Energy’s IPO, aiming to raise Rs 2,981 crore, saw muted grey market interest with a premium of 4.36%. The IPO was subscribed 1.43 times, driven by QIB and retail investors, while employees oversubscribed. The company plans to use the IPO proceeds for manufacturing, R&D, marketing, and debt repayment, unlocking value for investors and employees.
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