Overview

• Ather Energy's IPO will feature a Rs 2,626-crore fresh issue and an offer-for-sale of 1.1 crore shares by promoters and investors.
• The public subscription period is scheduled for April 28–30, following an anchor placement on April 25.
• Proceeds will fund a new manufacturing facility in Maharashtra, R&D investments, marketing initiatives, and partial debt repayment.
• The IPO marks the first main-board public issue of FY2025-26 and positions Ather as the second listed EV two-wheeler company after Ola Electric.
• Ather has reduced its IPO size from Rs 3,100 crore to Rs 2,626 crore, citing market volatility and subdued investor sentiment.