Ather Energy DRHP: Decoding The Shareholding Pattern & People At The Top

Ather Energy DRHP: Decoding The Shareholding Pattern & People At The Top

SUMMARY

The IPO comprises a fresh issue of equity shares worth INR 3,100 Cr and an offer-for-sale (OFS) component of up to 2.2 Cr equity shares

Proceeds worth INR 927.2 Cr from the IPO will go towards phase I of its manufacturing facility in Chhatrapati Sambhajinagar

Ather Energy’s 547-page DRHP with SEBI outlines its shareholding pattern and people at the helm

Electric two-wheeler maker Ather Energy has filed its draft red herring prospectus with the Securities and Exchange Board of India (SEBI) for its initial public offering worth over INR 3,100 Cr. 

The IPO comprises a fresh issue of equity shares worth INR 3,100 Cr and an offer-for-sale (OFS) component of up to 2.2 Cr equity shares. 

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