Ather Energy Closes QIP, Allots 1.08 Cr Shares at ₹1,202

Ather Energy Limited has announced the closure of its Qualified Institutions Placement (QIP) issue. The Fund Raise Committee of the Board of Directors approved the allocation of 1,08,15,307 equity shares at an issue price of ₹1,202 per share, which includes a premium of ₹1,201. This price is higher than the floor price of ₹1,169.70, determined as per SEBI ICDR Regulations. The closure of the issue on July 20, 2026, follows the receipt of application forms and funds from eligible qualified institutional buyers. The company also approved and adopted the placement document and finalized the confirmation of allocation notes.