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8th September 2024, 15:54
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Ather Energy plans to record Rs 4,000 crore IPO adjacent week
According to media reports, Bangalore-based electrical 2-wheeler maker, Ather Energy, plans to record its draught prospectus for an IPO adjacent week. The institution is said to beryllium targeting a valuation of US$ 2–2.5 billion.
Ather Energy is looking to rise Rs 3,500-4,000 crore done the IPO, comprising a caller contented and an connection for merchantability by existing shareholders. Some of the funds raised done the IPO volition beryllium utilized to grow accumulation capacity.
Reports besides suggest that Ather Energy has engaged concern banks HSBC, JPMorgan, Axis Capital, JM Financial, and Nomura to negociate the IPO.
Although Ather Energy hasn’t confirmed these reports, the quality comes precisely a period pursuing the palmy listing of Ola Electric, which raised Rs 6,146 crore astatine a valuation of US$ 4 billion.
Source: ET Auto
Last edited by TusharK : 8th September 2024 astatine 15:55.
