Ather Energy Files RHP, Cuts IPO Size

EV major Ather Energy has filed its red herring prospectus (RHP) with SEBI

The EV company has cut its IPO size amid the ongoing volatility in the equities market. Its public issue will comprise a fresh issue of up to INR 2,626 Cr and offer for sale of up to 1.1 Cr shares

Ather Energy is eyeing a valuation of about INR 12,000 Cr for the IPO, sources told Inc42

EV major Ather Energy has filed its red herring prospectus (RHP) with SEBI, paving the way for it to become the first new-age tech company to go public in…