India's EV startup Ather cuts IPO size to $308M, seeking $1.4B post-money valuation

Ather Energy sets stage for IPO action in primary market after over 2 months; check GMP, other key details

Ather Energy IPO will be the first mainboard public issue of the current financial year. The shares of the company will be listed on May 6 on the stock exchanges.

India's EV startup Ather cuts IPO size to $308M, seeking $1.4B post-money valuation

Ather Energy, the Indian startup manufacturing electric two-wheelers, has cut the size of its initial public offer by 18% to 26.26 billion Indian rupees

Ather Energy IPO Set To Electrify Markets With ₹304-321 Price Band - Business Connect Magazine

By Business Connect Magazine Bengaluru-based electric vehicle (EV) giant Ather Energy is gearing up to make waves in India’s capital markets with its Initial Public Offering (IPO), set to open for subscription on April 28, 2025. The company has fixed a price band of ₹304 to ₹321 per share, aiming to raise up to ₹2,981 crore at a post-issue valuation of approximately ₹11,956 crore. This marks the first mainboard IPO of the 2025-26 financial year …

Ather Energy cuts IPO Size by 18% to $308Mn - The Tech Portal

Bengaluru-headquartered EV startup Ather Energy, backed by Hero Group, has now revised its plans for an initial public offering (IPO) by reducing the size of the offering by 18%. According to the new draft prospectus filed with the Securities and Exchange Board of India (SEBI), Ather Energy now intends to raise ₹2,626 crore (about $308.3 million) from the IPO. This is significantly lower than the initial target of ₹3,100 crore set when the compa…

IPO-Bound Ather Trims Loss By Over 25% In First Nine Months Of FY25

IPO-bound EV major Ather Energy managed to reduce its net loss for the nine-months ended December 2024 by 25.56% to INR 577.9 Cr from INR 776.4 Cr in the year-ago period. The company disclosed the financials for the first three quarters of FY25 in its red herring prospectus filed with SEBI today. The EV major has cut the size of its IPO, which will be open for public bidding from April 28 to April 30. Ather’s revenue from operations zoomed 28.32…

Ather Energy IPO Is Set For Launch, Albeit At A Smaller Size

The initial public offering of Ather Energy Ltd. is finally here, albeit at a smaller size.The Ather Energy IPO will open for subscription on April 28 and close on April 30, according to the red herring prospectus filed with the Securities and Exchange Board of India on Tuesday. The anchor placement is slated for April 25.The offering comprises a fresh issue of shares worth Rs 2,626 crore, as against Rs 3,100 crore mentioned in the DRHP filed in…