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 icon4464 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

Sedemac Begins Production at New Pune Plant

auther Dev Vadchhedia calendar25 Sep 2026

Sedemac commissions limited commercial operations at Manufacturing Facility 3 in Pune, expanding its production footprin...

Endurance Technologies Starts Production at Rs 400 Crore Chhatrapati Sambhajinagar Facility

auther Dev Vadchhedia calendar25 Sep 2026

Endurance Technologies operationalises 11-acre plant in Maharashtra with initial monthly capacity of 900 tonnes.

₹99,999 Konarc Has Better Margins Than Rizta: Ather CBO

auther Mukul Yudhveer Singh calendar25 Sep 2026

Ravneet Phokela says the new EL platform brings a lower cost structure, allowing Ather to price the entry-level Konarc a...