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 icon4515 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

Suprajit Engineering Q2 Profit Rises 5% To ₹53.4 Crore

auther Eshisha Java calendar07 Nov 2026

Suprajit Engineering reports a 21% increase in consolidated revenue for Q2 FY27, while higher expenses and a sharp decli...

SAEINDIA To Host APAC 23 Automotive Engineering Conference In New Delhi

auther Autocar Professional Bureau calendar07 Nov 2026

The November 13–14 conference is expected to bring together over 1,000 delegates, 500 mobility experts and 80 exhibitors...

Remsons Industries Q2 Revenue Rises 17%, Pre-Tax Profit Falls

auther Eshisha Java calendar07 Nov 2026

Remsons Industries reported higher consolidated revenue in Q2 FY27, but expenses grew faster, reducing pre-tax profit. C...