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 icon4366 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

Indonesia Enacts Mandatory 50 Percent Biodiesel Blending Rate: Reuters

auther Dev Vadchhedia calendar02 Jul 2026

Feedstock Price Premiums and Falling Crude Markets Test Financial Viability of Higher Biofuel Standard.

Supply Chain and Middle East Disruptions Pull Down JLR Quarterly Wholesales by 9 Percent

auther Dev Vadchhedia calendar02 Jul 2026

Luxury Carmaker Faces Double Digit Retail Slump in Key Western and Chinese Markets as Jaguar Model Transition Begins.

Sedemac Mechatronics Crosses 1,000,000 Quarterly Unit Sales For ECUs in Q1FY27

auther Dev Vadchhedia calendar02 Jul 2026

Automotive Component Supplier Logs 37.1 Percent Volume Expansion in Core ECU Dispatches.