Ather Vitality IPO: IPO bringing Ather Vitality, Study Full particulars from launch date to valuation – INA NEWS

Ather Vitality IPO: Electrical two -wheeler -producing Ather Vitality has filed its draft Pink Herring Prospects (RHP) for its upcoming IPO close to the market regulator SEBI.

The corporate intends to lift round Rs 2,626 crore from the recent difficulty via the IPO. Other than this, 1.11 crore can even be offered via presents on the market (OFS). Ather Vitality’s IPO would be the first mainboard public difficulty of FY 2026. It is going to open between 28 to 30 April.

What would be the valuation of Ather Vitality?

Ather Vitality has taken a extra cautious stance on its valuation. In accordance with sources, the pre-management valuation of Ather Vitality might be between Rs 9,900 to 10,000 crore. On the similar time, the post-money valuation can cross Rs 12,000 crore. This determine is far decrease than earlier expectations, when the corporate focused an valuation of Rs 14,000 crore, which now appears to be like extra conservative.

Who will promote stake in IPO?

Ather Vitality co-founder Tarun Mehta and Swapnil Jain wish to promote a few of their stakes. Current traders like Nationwide Funding and Infrastructure Fund Restricted (NIIF) and Tiger World Administration’s Web Fund III are additionally going to promote a few of their share in IPOs. Hero Motocorp at present owns greater than 37% within the Ather. He won’t promote his stake within the IPO.

In accordance with RHP, this IPO can even have a suggestion on the market (offs) of 11,051,746 fairness shares, along with recent difficulty. It is going to embody each promoter group and investor.

When did Ather Vitality Begin?

Ather Vitality would be the second purely electrical car producer in India after Ola Electrical, which shall be an inventory within the inventory market. Ather Vitality started in 2013. Tarun Mehta and Swapnil Jain collectively laid the muse of this firm in Bangalore.

Ather Vitality began her with making electrical scooters. The corporate’s first product was launched in Ather S340, 2016. Since then, Ather has been constantly making an attempt to strengthen its dominance within the electrical car market.

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