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 icon4350 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

Renesas Acquires Pictorus to Expand Cloud-Based Embedded Software Development Capabilities

auther Autocar Professional Bureau calendar18 Jun 2026

Acquisition of California-based software developer Pictorus strengthens Renesas 365 platform with behavioral modelling, ...

Renault Group Assumes Full Ownership of Flexis Electric Van Joint Venture

auther Dev Vadchhedia calendar17 Jun 2026

The French automaker consolidates its holding by purchasing remaining shares from Volvo Group and CMA CGM following regu...

India-UK FTA to Take Effect July 15; Auto Tariffs to Fall to 10%

auther Darshan Nakhwa calendar17 Jun 2026

Agreement will lower tariffs on British automobiles from 100% to 10% under a quota and give duty-free access to most Ind...