9/4/2025, 12:18:04 pm

Ather Energy trims IPO size, valuation lowered to ₹12,800 crore

Ather Energy has revised its IPO expectations, targeting a post-money valuation of around ₹12,800 crore, down from ₹14,000 crore. The IPO size is scaled down to ₹2,900-3,200 crore due to market conditions. It includes fresh shares and OFS, with promoters and early investors diluting stakes. Hero MotoCorp, holding over 37%, won't sell shares.