Upcoming IPO News: Ather Energy Public Listing Details, Price Band, and More

Upcoming IPO: After Ola Electric, electric two-wheeler company Ather Energy is now ready to enter the market with its public listing. The company filed a DRHP for the IPO, according to which Ather Energy will bring a fresh issue of Rs 3.1 billion shares. In this IPO, about 22 million shares will be sold through investors and promoters. 

Ather Energy IPO Details

It is said that the company will use the money of this IPO for capital expenditure, which will help to establish Maharashtra’s new electric two-wheeler manufacturing facility. The research and development work that is going on with this money will also get support. The shares of the company will be listed on both exchanges, i.e. NSE and BSE. Now, Ather and Ola Electric will be ready to clash with each other in the share market as well as in the electric two-wheeler competition.