An important part of this reduction of personnel has a cut in the sacrifice for sale (OFS), with a secondary sale that only forms 12 percent of the public problem, their investment bankers said.
The reduction in the size of the initial public offer (OPI) of the two -wheeled electric manufacturer ATher Energy A ₹ 2,626 million rupees of ₹ 3,100 million rupees was the result that shareholders see a potential for pulmonary term growth and did not make competition growing, the company.
The problem price band has been established in ₹ 304-21 per action. The IPO opens on April 28 and closes on April 30, with the Window of Anchor Investors Open on April 25.
An important part of this reduction of personnel has a cut in the sacrifice for sale (OFS), with a secondary sale that only formed 12 percent of the public problem, their investment bankers said.
The founders Tarun Mehta and Swapnil Jain will download shares worth ₹ 31.4 million opi, while Tiger Global, GIC, IFE and IIT Madrass Wilh Valen ₹ 12.84 million rupees, ₹ 192.71 Crore, ₹ 84.57.
Promoter Hero Motocorp is not selling any action through the OFS.
Tarun Mehta, co -founder of Ather Energy, said he plans to expand its distribution and bring more products, while maintaining capital efficiency to keep up with evolution technology. “From the beginning, our approach has been to try to maintain agility and capital efficiency in all our operations … It is a business that changes rapidly. Technology is also changing. Therefore, it wants to maintain a good amount of agility Rovers to Cerdond to Cerdond to Cetond to Ceto Ands.
Mehta said ATHe does not depend on suppliers for crucial pieces of their technology. IP owned, patents, 80 percent of hardware battery management systems, motor controllers, panels. All boarding school. However, real production is made by suppliers.
The Bangalore -based company has also increased its supplier base that investing in the vertical integration of its components to guarantee the redundancy in supply and agility in the supply chain, said Mehta.
Despite the recent market volatility, the company said it has seen a very positive and strong interest of investors.
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Posted on April 23, 2025