Ather Energy, a Bengaluru-based electric scooter manufacturer, has announced plans for an initial public offering (IPO) aiming to raise approximately ₹3,100 crore. The IPO will include a fresh issue of shares and an offer for sale of 2.2 crore shares by existing founders and investors.
Based on data available on internet, the company is currently valuing at around $2 billion and has engaged major investment banks to assist with the IPO process. Recognized as India’s fourth-largest electric two-wheeler maker, Ather Energy holds a market share of 12.2% as of last month.
