Ather shortlists HSBC, JPMorgan, Nomura, Indian banks for listing: Report
Ather has been shortlisting banks for an IPO that could value the company at roughly $2 billion.
Electric scooter maker Ather Energy has shortlisted HSBC, Nomura and JPMorgan to assist with its listing, sources in the know told Bloomberg.
The Bengaluru-based firm has also zeroed in on banks, JM Financial, Axis Bank, for its initial public offering, the newswire reported, citing people who spoke on condition of anonymity.
A listing could take place no later than the second half of this year, in Mumbai, based on market conditions, sources told Bloomberg, adding that the list could include additional banks.
Spokespersons for the five banks as well as the Bengaluru-based two-wheeler maker, refused to offer comments to the newswire.
Ather has been shortlisting banks for an IPO that could value the company at roughly $2 billion, Bloomberg News had noted in February. The firm aims to rake in nearly $400 million in the share sale, but the contours of the transaction such as the size and value are subject to change, Bloomberg noted.
Hero MotoCorp-backed Ather raised roughly $128 million in Series E last year, from current investors and the National Investment and Infrastructure Fund, Tiger Global and Binny and Sachin Bansal.
RELATED ARTICLES
New Ducati Streetfighter V4 SP expected in 2027
A new Sport Production version of Ducati’s streetfighter could return with track-focused hardware based on the latest St...
TVS Apache, Ronin Get Festive Updates; Prices From Rs 1.27 Lakh
TVS Motor Company has introduced feature and variant updates across the Apache and Ronin motorcycle ranges, including ne...
Volvo XC60, XC90 Get Festive Offers With Buyback, Warranty And Service Benefits
Volvo Car India has announced festive-season benefits for the XC60 and XC90, including a 65% assured buyback on the XC60...


05 Mar 2024
Autocar India
