Ather Energy set to launch its IPO

Ather Energy is set to launch its IPO of Rs 29.81 billion. The IPO comprises a fresh issue of 81.8 million shares aggregating to Rs 26.26 billion and an offer for sale component of 11.1 million shares aggregating to Rs 3.55 billion. The IPO will be open for subscription between April 28 and April 30, 2025. The price band for the issue is Rs 304-321. The company plans to utilise up to Rs 9.27 billion for capital expenditure, Rs 400 million in debt repayment, Rs 7.5 billion in research and development (R&D), and the remaining amount towards general corporate purposes, among others.