Ather Shifts Gears: Slashes IPO Size by 25%, Set to Hit Markets This May

Electric two-wheeler maker Ather Energy has reduced its initial public offering (IPO) size by 25%, cutting it to ₹3,000 crore from the earlier level of ₹4,000 crore. The decision has been taken against the backdrop of uncertain global market conditions and a lacklustre investor sentiment. Even after cutting the IPO size, Ather is all set to go ahead with its listing in May 2025.

 

The IPO will consist of a fresh issue of shares and offer-for-sale (OFS) by existing investors and promoters. Hero MotoCorp, with 37% stake in Ather, will not dilute its stake. Issue proceeds will be used for capacity building, repayment of debt, and general corporate purposes.

 

Ather's choice is wise given the volatility of markets due to global economic troubles. Investors are watching the company's financials and changes in valuation before listing closely.

Source: Economic Times, CNBC-TV18, Business Today