Ather Energy's High-Powered IPO Launch
Ather Energy is launching a Rs 2,626-crore IPO on April 28, marking the first main-board public issue of the financial year 2025-26. The IPO includes a fresh equity issue and an offer-for-sale by promoters. Funds will support a new factory in Maharashtra and debt reduction.
- Country:
- India
Electric two-wheeler manufacturer Ather Energy Ltd is gearing up to launch its significantly anticipated Rs 2,626-crore initial public offering (IPO) on April 28. This marks the first main-board public issue of the fiscal year 2025-26.
The public issue, open from April 28 to April 30, features a combination of a fresh issuance of equity shares and an offer-for-sale by the promoters. Anchor investor bidding will commence on April 25, as per the red herring prospectus (RHP).
Ather Energy aims to leverage the raised funds to establish a new electric two-wheeler manufacturing facility in Maharashtra and reduce existing debts. Recently, Ather also expanded its R&D and testing capabilities in Bengaluru.
(With inputs from agencies.)
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