23/4/2025, 10:44:02 am

Ather Energy trims IPO size to Rs 2,626 crore

Ather Energy, an electric two-wheeler maker, has reduced its IPO size to Rs 2,626 crore from Rs 3,100 crore due to market volatility. The offer for sale is halved to 11 million shares. The IPO, opening April 28, will fund a Maharashtra plant, R&D, debt repayment, and marketing. Despite cautious investor sentiment, Ather reported a 28% revenue rise and 11.39% market share in FY25.