Overview

• Ather Energy's IPO will run from April 28 to April 30, with anchor investor bidding set for April 25.
• The IPO size has been reduced by 18% to ₹2,626 crore, citing global market volatility.
• The offering includes a fresh equity issue and the sale of 1.1 crore shares by existing shareholders.
• Proceeds will fund a new manufacturing facility in Maharashtra, R&D, marketing initiatives, and debt repayment.
• Ather is positioning itself as the second Indian electric two-wheeler company to go public, following Ola Electric's 2024 listing.