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 icon4317 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

India Notifies E30 Fuel Standards as Flex-Fuel Push Gathers Pace

auther Autocar Professional Bureau calendar19 May 2026

Move comes as India sharpens focus on reducing oil dependence amid continuing Middle East uncertainty; broader E85 and E...

Advait Energy, Norway’s TECO Target Q1CY28 Rollout For Fuel Cell Systems in Heavy-Duty Mobility

auther Arunima Pal calendar19 May 2026

The collaboration will centre on knowledge sharing and joint engineering efforts to develop local manufacturing capabili...

Remsons Industries UK Subsidiary Secures Rs 30 Crore International Supply Contract

auther Dev Vadchhedia calendar19 May 2026

The automotive component manufacturer will supply hood rods to a global commercial vehicle maker over a period of six ye...