Ather Energy Pitches Ahead with Rs 3,000-Crore IPO: A Benchmark for India's EV Revolution

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Ather Energy, India's pioneering electric vehicle (EV) player, is ready to create waves in the stock market with its eagerly awaited Initial Public Offering (IPO) on April 28, 2025. The firm has priced its shares between ₹304 and ₹321, seeking to mop up a whopping ₹3,000 crore. The IPO promises to be a milestone moment, being the first big market offering in two months.

Key Points:

IPO Details: The issue will open on April 28 and close on May 2, 2025, at a price band of ₹304-₹321 per share.

Fund Utilization: Ather intends to invest the funds in increasing its manufacturing capacity, strengthening research and development, and increasing its distribution network to cater to the increasing demand for EVs.

Market Sentiment: The IPO has already created considerable hype among investors, with experts anticipating robust demand because of Ather's well-established market presence and innovative product offerings.

Growth Story: Famous for its innovative electric scooters such as the Ather 450X, the firm has been at the forefront of India's EV movement, with exponential growth over the past few years.

Strategic Vision: Ather's IPO is not merely a money milestone but a strategic step towards cementing its leadership in the EV space, as part of India's drive for sustainable mobility.

This IPO is not only a fund-raising exercise; it is an indicator of the increasing confidence in India's EV ecosystem and Ather's leadership in forging the future of mobility. Market players and investors are waiting with bated breath for the opening bell to grab this electrifying opportunity.

Source: Moneycontrol, NDTV Profit