Hero MotoCorp Ltd.-backed Ather Energy Pvt. has held discussions with banks on a potential initial public offering in India, according to people with knowledge of the matter.
The maker of the Ather 450X electric scooter met with bankers last week to discuss IPO plans, the people said on the condition of anonymity due to the confidential nature of the talks. The company is seeking to raise as much as $400 million at a valuation of $2 billion, they said.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
When contacted, Ather Energy refused to comment on the matter. A WhatsApp message to co-founder Tarun Mehta went unanswered.
Separately, Bloomberg reported that while discussions are on for an IPO as early as this year, no final decisions have been made. Ather Energy could still decide to delay the listing, Bloomberg reported, citing people aware of the matter. Details such as valuation and IPO size could change, they said.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.