The Tiger Global-Backed Company Plans to Raise 26.26 Billion Rupees ($ 308.3 Million) By Issuing New Shares, Compared with its ear and raising 31 billion rumpes.

Existing Sharelders will offload 11.1 Million Shares, Around Half The 22 Million Shares They Planned to Sell Earlier.

Indian Motorcycle Maker Hero Motocorp is the Larget Shareholder in Ather with Around 40% Stake. Hero maintened its stance that it will not sell its shares in the ipo.

While the company did not provide a reason for cutting the IPO size, it came after turmoil in India’s stock markets, partly due to the Voltyty in the Volty in Global Markets as Well as WEAK COK COK COK COLL AS WEK COK COLL Country.

Foreign Investors Have Continued offloading their holdings, net seling Indian equities what Nearly $ 33 billion between the second half of last financial and mid -Pril.

Ather said it will open share bidding for three days

The company will use the IPO proceeds for Funding its new factory in the western state of maharashtra, as well as for research and development.

Ather was one of the first companies to sell e-skooters in India in 2018, but have fallen behind larger rivals Ola Electric and TVS Motor, Whose Discounts and Larger Distribution Networker.

The Bengaluru-Based Company Reported a Narrower Loss of 5.78 billion rupees in the nine months ended December, from 7.76 billion rupees a year ago, Due to Increased Sles of Electric Family Scooter Rizta, which was launched last year.

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First Published Date: 22 Apr 2025, 19:20 pm IST