Ather Energy IPO: Electric two-wheeler maker Ather Energy has re-applied for its IPO. According to a CNBC-TV18 report, this exercise will reduce the company’s valuation to around Rs 14,000 crore. Sources say that Ather is planned to raise Rs 3,700-4,000 crore from public issue. The IPO will have new shares as well as an offer for sale. Eather’s IPO was earlier planned earlier this year, and its IPO plans also got the approval of Capital Market Regulator SEBI in the last week of December 2024. The company is eyeing the stock markets by the end of March this year. Who will do in the OFS will sell the share -related news -related energy founder Tarun Mehta and Swapnil Jain, National Investment and Infrastructure Fund Limited (NIIF) and Tiger Global Management’s Internet Fund III to sell their share in the IPO with existing investors like IIII. However, Hero MotoCorp shares will not participate in sales. The company holds more than 37% stake in Ather Energy. In its final fundament in 2024, Ather Energy raised Rs 600 crore. During that time, Flipkart founder Sachin Bansal sold his stake in the company. A part of this stake was bought by Jirodha’s co-founder Nikhil Kamat in his personal capacity. After this round, the valuation of Ather Energy was estimated to be slightly higher than Rs 10,000 crore. It gave the company the status of unicorn. LG Electronics India’s IPO can be cleared from SEBI, ₹ 15000 crore. Sizeforvari has seen a 20% growth in the sales of Ather Energy in February February. The company received a revenue of Rs 1,753 crore in FY 2024. Ather Energy will be the second pure Indian EV maker listed in India. Earlier in the year 2024, Ola electric mobility was listed.
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