Skip to main content

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.

Autocar Professional BureauBy Autocar Professional Bureau calendar 05 Mar 2024 Views icon4356 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Ather shortlists HSBC, JPMorgan, Nomura, Indian banks for listing: Report 

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

Coretura Partners with Accenture to Develop Software-Defined Platform for Heavy Commercial Vehicles

auther Dev Vadchhedia calendar24 Jun 2026

Daimler Truck and Volvo Group joint venture signs engineering agreement to standardize embedded software architectures a...

Daimler India Signs Agreement with Union Ministry for Delhi-NCR Fleet Replacement Scheme

auther Dev Vadchhedia calendar24 Jun 2026

Commercial vehicle manufacturer to offer eight percent discount on new trucks and buses under government-backed vehicle ...

HEAD acoustics Unveils Helmet-Integrated Binaural Microphone Kit

auther Sarthak Mahajan calendar24 Jun 2026

HEAD acoustics has unveiled BMK, the first binaural microphone system built into a motorcycle helmet, aiming to improve ...