Ather Energy Shares Fall After ₹1,300 Crore QIP
Ather Energy shares slipped after the EV maker successfully raised ₹1,300 crore through an oversubscribed QIP.
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“Ather Energy Shares Fall After ₹1,300 Crore QIP”
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21 Jul 2026
New Delhi, July 21 (IANS) Shares of Ather Energy fell about 3 per cent in early trade on Tuesday after the electric two-wheeler maker announced closing of its Rs 1,300 crore Qualified Institutional Placement (QIP), which witnessed robust demand from institutional investors.
On the BSE, the stock declined as much as 3.02 per cent to an intraday low of Rs 1,258. At around 12:40 pm, it was trading at Rs 1,277.45, down 1.53 per cent from the previous close.
The decline came even as the company announced that it had raised Rs 1,300 crore through the QIP by allotting 1,08,15,307 equity shares to eligible institutional buyers at an issue price of Rs 1,202 per share.
