Mon Apr 28 04:10:00 UTC 2025: ## Ather Energy IPO Oversubscribed on Day 1, Crypto Market Update Available
**MUMBAI, INDIA** – Ather Energy’s initial public offering (IPO) saw strong demand on its first day, with a 13% subscription rate by 2 PM on April 28th. Retail individual investors showed the most enthusiasm, subscribing 48% of their allocation. The Rs 2,981-crore IPO, the first mainboard offering of the 2025-26 financial year, raised Rs 1,340 crore from anchor investors. While the grey market premium remains flat, the IPO, priced between Rs 304 and Rs 321 per share, continues until April 30th. The offering includes a fresh equity issue and an offer-for-sale by promoters and shareholders. Proceeds will fund a new Maharashtra factory and debt reduction. This follows Ola Electric’s IPO last August. For details on the allocation to different investor categories, refer to the full IPO prospectus. Investors are advised to consult financial professionals before making any investment decisions.
Separately, Moneycontrol continues to provide real-time updates on the crypto market, including top gainers and losers. The platform also offers information on the Traders Gurukul’s “BOTS” (India’s Largest Regional Retail Option Traders Summit), held on the second or third Sunday of each month across major Indian cities. This event, and the associated platform features, aim to connect potential customers with brokers. The site also features broader financial news, including Sensex and Nifty updates, personal finance insights, and more.
First Piper 