Ather Energy Files IPO Papers With SEBI, Eyes INR 3,100 Cr Via Fresh Issue

Ather Energy Files IPO Papers With SEBI, Eyes INR 3,100 Cr Via Fresh Issue

SUMMARY

Ather Energy has filed its DRHP with market regulator SEBI to raise more than INR 3,100 Cr through its IPO

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

The emobility unicorn plans to use the IPO proceeds to set up a EV manufacturing facility in Maharashtra, fund its R&D initiatives and for infrastructure development

Electric two-wheeler maker Ather Energy has filed its draft red herring prospectus (DRHP) with capital markets regulator SEBI to raise more than INR 3,100 Cr through its initial public offering (IPO).

The proposed IPO is a combination of fresh issue of equity shares worth INR 3,100 Cr and an offer-for-sale (OFS) of up to 2.2 Cr equity shares with a face value of INR 1 each.

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