Ather Energy files RHP, to raise Rs 2,626 Cr in fresh issue

Ather Energy, a prominent electric vehicle startup in India, has officially filed its Red Herring Prospectus (RHP) with SEBI for its upcoming Initial Public Offering (IPO). The company aims to raise ₹2,626 crore ($approximately $308 million) through the issuance of fresh equity shares. The RHP provides detailed information about Ather Energy's business model, financial health, growth plans, and the specifics of the IPO. Notably, a portion of the IPO is reserved for anchor investors, typically institutional investors who commit to buying shares before the IPO opens to the public, signaling their confidence in Ather Energy's potential.