22/4/2025, 6:22:02 pm

Ather Energy IPO: Company to raise Rs 2,626 crore in fresh issue

Ather Energy has filed its draft red herring prospectus (RHP) with SEBI for an IPO to raise Rs 2,626 crore, targeting a pre-money valuation of Rs 9,900-10,000 crore. The IPO includes a fresh issue and an offer for sale (OFS) of 11,051,746 shares. Promoters and investors like NIIF and Tiger Global will sell stakes, but Hero MotoCorp, holding 37%, will not participate.